I just can’t resist starting a post on this anymore.
Heard about NBA Top Shot listening to Chris Vernon on The Mismatch pod a little over a week ago and have been obsessed since.
For those unawares it’s an NBA and NBAPA licensed digital video trading site. You can purchase “packs” of videos starting at $9 for 3 common videos and watch as their value moves on the market. So far videos are reselling for between $1 and $100,000.
There’s so much going on here that I don’t know where to go next.
It’s still in Beta so there’s A LOT of frustration. They’re experiencing exponential growth with demand way over supply. They release packs about twice a week with little if any advance warning; sometimes in the middle of the night (the bastards).
I find it fascinating. My first night in, there were no packs to buy so I looked up LaMelo and saw he had one video available in a locked quantity of 4000 and on the market for about $200. That was last Saturday night. Overnight I watched it rise to $250 then $300 and $325. So over breakfast Sunday morning I’m talking to the wife about it and she’s like “buy some of that shit.” So I bought a LaMelo for $349. This week I’ve watched it rise to $599 then back down to $425 and now this morning resting at about $500.
That’s TAME compared to others’ experience.
I could go on (and on) but will stop here. Let me know what y’all think.
Warning: This is a high volatility environment. Don’t spend what you can’t afford to lose; and don’t charge up your credit cards unless you can back them up.