If you don't know, NBA Top Shot is a virtual basketball card "game" that has been blowing up. You buy packs, usually like $9, and then can resell the digital cards (some that are more rare than others) that are inside the packs. You can also pull a "moment" which is a basically a video clip.
I am very new to this, but my understanding is if you can buy a pack, do it. They sell out really quickly so they're hard to get, but it's basically impossible to lose money just buying a pack. You can pretty easily pull a card worth several hundred from a pack, and they're easy to resell on the marketplace. Also, prices of the cards have been going crazy. There's a bunch of cards going for five figures. You can pull a "moment" worth $100k from a $9 pack.
Here's a good article from a sharp guy who paid $35k for a Ja Morant "moment".
I am very new to this, but my understanding is if you can buy a pack, do it. They sell out really quickly so they're hard to get, but it's basically impossible to lose money just buying a pack. You can pretty easily pull a card worth several hundred from a pack, and they're easy to resell on the marketplace. Also, prices of the cards have been going crazy. There's a bunch of cards going for five figures. You can pull a "moment" worth $100k from a $9 pack.
Here's a good article from a sharp guy who paid $35k for a Ja Morant "moment".
I looked and the lowest priced one is now $50k, and if that gets bought up, the next floor is $100k. Not too long ago these were selling for under $2k.
Here's a good non-technical explainer on NFTs (Top Shot is an example of an NFT)
https://justincone.com/posts/nft-skeptics-guide/
So the site itself is super janky. It's constantly down for maintenance, and if you want to cash out you have to wait a few weeks to get your ID verified. Drops usually happen on Monday, but sometimes they have unannounced drops throughout the week. Create an account and if you see a pack for sale, just get it. Last week they had a $999 pack, but anybody who bought it made at least $2k.
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