NBA Top Shot NFTs Have Quietly Surged 72% in 30 Days

[Pagla]

Even as the crypto market suffers, NFTs or non-fungible tokens are still raking in eye-watering amounts of money. OpenSea, the top NFT marketplace, smashed its single-monthly record last week with $3.5 billion in sales in January so far—only halfway through the month.

And one early NFT collection in particular is resurgent over the past 30 days: NBA Top Shot, the licensed NBA "moments" on the Flow blockchain from Dapper Labs.

In the NFT world, PFP (profile picture) collections like Bored Apes, Meebits, and World of Women are reaping most of the hype and headlines. But NBA Top Shot was widely seen as the series that started the mainstream NFT craze in March of last year. Then the NFT market tanked last June, and when NFTs surged again in August after being declared dead, Top Shot had lost its shine. Many people deep in the NFT community saw Top Shot as "NFT lite" since it was specifically aimed at attracting normies and allowed purchases with dollars.

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