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Despite the recent downturn in the overall NFT market, Dapper Labs’ NBA Top Shot has just broken the $1 billion in sales mark on its platform. The NBA Top Shot has plummeted from last year’s platform highs. Over time, there has been a decline in monthly sales.
$1 billion mark
The $1 billion mark is an important and historic figure that all businesses must pass. While it’s not quite the same when a business value exceeds $1 billion, they get unicorn status. The NBA Top Shot just reached that $1 billion figure.
For comparison, the NFT Bored Ape Yacht Club collection grossed more than $ 2 billion for all the time of sales, which took place in the first week of May this year. Axie Infinity tops the sales rankings of NFT collections with more than $4 billion for all time. Over the past year, sales of the entire NFT space amounted to $ 24 billion.
Some of the best months of Top Shot were in early 2021. The record high in monthly sales was in February last year, when the platform cost $244 million.
NBA’s Best Shot
NBA Top Shot is a digital collection platform launched by Dapper Labs in collaboration with the NBA. The platform runs on the Flow blockchain.
It started in July 2019 and started to build up hype between late 2020 and early 2021.
The largest sale of the platform for all time is the dunk of LeBron James. In August 2021, it sold for $230,000. This sale is one of 13 sales exceeding the $100,000 mark.
Potentially one of the strangest NBA Topshot sales of all time has been for the regular Fred VanVlit. Among the group of legendary moments, he was a moment with serial number 11511/15000. Perhaps a mistake, or perhaps just a very big fan of Fred VanVlit.
Now, NBA Top Shot has passed the $1 billion mark in terms of sales, which is a huge step for any NFT market.
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