Top Shot

Top Shot refers primarily to NBA Top Shot, a non-fungible token (NFT) marketplace created by Dapper Labs in partnership with the National Basketball Association (NBA). It operates on the Flow blockchain.

NBA Top Shot allows users to buy, sell, and trade officially licensed digital collectibles in the form of "Moments," which are video highlights of specific plays from NBA games. Each Moment is a unique, limited-edition NFT, assigned a serial number and rarity tier. The value of a Moment is determined by factors such as the player involved, the type of play, the rarity of the Moment, the serial number, and market demand.

The platform utilizes a pack-based system, where users can purchase packs containing a selection of Moments. These packs are often released in limited quantities and can sell out quickly, driving secondary market activity.

Beyond simply owning the NFTs, Top Shot aims to foster a community around collecting and engaging with NBA highlights. Users can showcase their collections, participate in challenges, and earn rewards.

The platform's popularity has contributed significantly to the broader growth of the NFT market, particularly in the realm of sports collectibles.