The next cold rush for non-fungible tokens will come very soon this year. The Dapper Labs, which we know as the NBA home for many top shots will announce a deal with the NFL. Not only that, but they will ask the NFLPA to feature the league’s stars in the digital collectible format. Dapper has been the attention of the populace for many years. And why wouldn’t it be? They focus especially on consumers. Moreover, they try to make the flow of the blockchain product fun. As you must know, they add games to support the digital collectibles.
But this time, they are going to tie up with the athletes. The first time the league and the players have successfully signed a deal. They will create an open space for them to engage with league-wide NFTs.
The Deal That Changed The Whole Thing
Joe Ruggiero said in an interview, “We are thrilled to partner with Dapper Labs in its launch of NFL digital video collectibles. We believe blockchain technology has great potential to enhance the NFL fan experience in the future and we are excited to have Dapper Labs as one of our first collaborators in exploring this emerging space.”
They opined that the launch of the NFT will take place very soon. Many speculate that it will drop sometime around this season. Although there is no official date they managed to release it. However, the NFT will give weekly highlights of NFL players. Moreover, they will try to cover the historical moments throughout the league’s rich history.
The CEO of Dapper Lab, Roham Gharegozlou said in an interview, “From the Hail Murray to the Minneapolis Miracle, magic happens in NFL stadiums. As a league that continually raises the bar, we are proud that the NFL and NFLPA have chosen Dapper Labs to deliver for NFL fans worldwide the moments they’ve been waiting for. We can’t wait to allow the more than 300 million NFL fans to own the game that matters to them and engage with the sport in a whole new way.”
Making Ways From Blockchain, Directly To You
NFT has always wanted to use blockchain technology to bring collectibles to market in a fun way. They will highlight each precious “moment” from a game. Moreover, they will number each of these moments. So whenever you want to open a pack of moments, we will know it as “one of the ones.”
The Magic of The “Moment”
Many NFT markets are indeed the best. However, the Dapper has taken a unique approach. They have gathered the NBA Top Shots moments as high as 35,000. So, the fewer the NFTs that will issue any individual moment, the more money they will fetch on the secondary market. Hence, they will become more collectible.
The President of NFL players has said, “The irreplaceable nature of the NFT captures what is special about sports fandom. Our players are immensely excited for the NFLPA. In working with our enterprising partners at Dapper Labs and OneTeam to make this significant push into the digital collectibles market,”
Steve Scebelo further said, “The unique greatness of NFL players will continue to fuel memorable moments both in history and in real-time during the season, which will only deepen the connections they have with their passionate fans.”
Valuation of The “Moments” In The Market
The video collectibles that we have come to know as “moments” took off like a rocket in January 2021. Many started pouring money in for the sake of investment. Within a week, NFT crypto along with NBA top shots took a fever pitch. Although the supplies are limited, not many can buy the packs. However, it has attracted the attention of thousands of would-be collectors.
So, how much will it be worth? Anyone who will succeed to get their hands on the packs of memory will have the chance to get a 10X return on their investment. Although the market will cool off. But a recent WNBA release has brought a level of froth right in the market. Moreover, the NBA will be back this season. So, one can only predict how the valuation will rise again.
Ending note
Dapper partnered with the NBA top shots to make investments. fun. With the NBA coming right back in the season, the value of the moment will arise.
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