NBA Top Shot Adapts To Changes In The NFT Market

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NFTs are changing everything, including blockchains. If you want to make a profit, you need to be able to shift your focus in an instant.


fast and furious…

This is the best way to describe the blockchain industry.

Move fast..

The market can soar for one minute and then fall for the next minute. This is done in increments large enough to rotate the millionaire’s head.

and loose the temper In the sense that it can’t be stopped. This technology is growing so big that soon there will be no single area in our lives. Do not touch.

In that case, once things start moving south, you need to be ready to move. And you need to move quickly.

You also need to be able to switch directions depending on the situation. The market is changing so rapidly that what works today may not work tomorrow.

With the Metaverse and all its implications, blockchain is no longer just cryptography. For investors who know what they are looking for, there are many opportunities.

The market is changing

Now, there is no doubt that 2021 was the year of NFT (Non-Fungible Token). Over the last 12 months, more than $ 10 billion has been invested in these blockchain exclusive products.

But for now, experts can’t really tell if there’s a lot of room for growth in the space.

The Metaverse certainly opens up more opportunities, It’s not A well-known digital artist, he has already made a lot of money for the time being.

As the Metaverse becomes more widely accepted and patronized, NFTs will make sense as valuable commodities and you will see a whole new wave of wealth falling on these digital possessions.

So, for now, some niche companies are starting to change direction to keep investing their money.

One such company is Dapper Labs, which created one of the largest NFT drops in 2021. NBA top shot..

The NBA Top Shot is what’s called the next evolution of trading cards. However, the top shot is not a cardboard photo, but a video clip of a well-known player owned exclusively by the buyer.

For example, the LeBron James Dunk Top Shot features players dunking at the Houston Rockets and is in very high demand in very limited quantities. One version of this clip sells for over $ 200,000.

Yeah, it’s hard for me to wrap my head too … but this is the way to the future, so we should get used to it.

Top Shot has partnered with NFT startup Genies to create an NFT “Storefront” that allows users to create animated avatars and equip crypto accessories.

NFT Customization: A Bold New Direction

A new platform called “The Warehouse” allows users to equip 3D cartoon avatars created within the Genies app with masks, shoes, backpacks and other digital accessories. When a character is created, it is “minted” (basically means “change to NFT”) on Dapper’s blockchain network called Flow.

According to Genies, most of the items in the store sell for less than $ 20. However, the price is for primary sale only.

As with all free markets, it is the owners of those products that determine the market for secondary sales of individual products.

However, for the launch (held on December 13th)th), The secondary market will not be valid. This not only gives the NFT community the worry of getting these quick resale costs, but also gives them time to get used to the product.

And that’s how you pivot. From selling NFTs, you will be working with the company to personalize the NFTs to maintain the inflow of revenue.

It’s a genius movement, if not a natural one.

Dapper Labs seems to understand that the potential for wealth is to go through the roofs of these things, and that the first is much better than the second.

This may be good for all of us, so I hope it works.

Another piece of blockchain puzzle, right?

The big picture may not be visible yet, but some sections are beginning to become clear as a day.

I’m looking forward to where it leads us …

“There is no failure, just a change of direction.” – Alejandro Jodorowsky

Catch up with the crypto journey so far!

19. The most amazing crypto story ever

18. In the world of Kryptos, 3rd place is not bad

17. Silver lining on crypto crumble

16. The encryption may be down … but the NFT is up!

15. When Bitcoin doesn’t look so attractive

14. Cryptographic Improvements: How New Coins Kill It

13. Game makers find new uses for blockchain technology

12. NFT: Elite’s new membership card?

11.11. What Does Changing Leadership on Twitter Mean for Cryptocurrencies?

((((For parts 1-10, see the Money Moves article archive. here!!).

NBA Top Shot Adapts To Changes In The NFT Market Source link NBA Top Shot Adapts To Changes In The NFT Market

The post NBA Top Shot Adapts To Changes In The NFT Market appeared first on California News Times.

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