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NBA Top Shot Surpasses $1 Billion in All-Time Sales

Despite a decrease in month-to-month sales volume, NBA Top Shot continues to reach brand-new turning points in the digital antiques area.

NBA Top Shot has actually played an indispensable function in the NFT area considering that its July 2019 launch, reaching an overall sales volume of $1 billion, according to Be[In] Crypto research study. This newest metric comes as a crucial increase to the NFT area, which has actually seen subsiding month-to-month volumes throughout 2022.

Other tasks in the running for the most sales volume consist of, however are not restricted to Axie Infinity, Yuga Labs’ Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC), CryptoPunks, Art Blocks, Otherdeed, Azuki, CloneX, VeerFriends, Moonbirds, Meebits, and Doodles.

Source: NFT Collection Rankings by CryptoSlam

New to NBA Top Shot?

NBA Top Shot enables digital antiques enthusiasts to purchase, gather, and offer NBA NFTs that display a few of the prominent minutes minted on the blockchain of Flow.

Some of the platform’s greatest sales to date originated from LeBron James, Zion Williamson, Stephen Curry, and Giannis Antetokounmpo.

Back in March, NBA Top Shot created around $29 million in sales volume, regardless of March’s trouble throughout the crypto neighborhood.

What added to the spike in NBA Top Shot sales volume?

Looking at the increasing variety of special purchasers from January 2021, the rise in sales volume resulted in the platform’s skyrocketing overall deal counts, with 19,185 distinct purchasers and over 505,000 deals.

By the end of January 2021, NBA Top Shot’s sales volume was around $405 million, with a spike of 321.2% in the variety of special purchasers as February approached– generating an overall of 80,000 purchasers and 1.2 million deals. By February’s end, NBA Top Shot reached its ATH of month-to-month sales volume of around $244 million.

Source: February 2021 Monthly Sales Chart by CryptoSlam

Other months which contributed considerably to NBA Top Shot’s sales were March 2021 ($208 million), April 2021 ($82 million), and January 2022 ($59 million).

NBA Top Shot’s overall sales for May were around $8.37 million, since press time.

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