Introduction: NBA Top Shots is a popular NFT project on the Flow layer 1 blockchain. The NFTs are “moments”, which are officially NBA/WNBA licensed video clips. NFTs are released by purchasing Moment NFT packs. Each moment has a different play type (i.e. Rim, Steal, Assist, etc…). The purpose of this analysis is to determine the impact of the play type on sales.

Methods:

• Used the flow.core.fact_nft_sales table to determine Top Shot NFT sales where nft_collection = 'A.0b2a3299cc857e29.TopShot'.
• Used flow.core.dim_topshot_metadata to determine play type.
• Ignored ‘Dunk/Layup' and '2 Pointer' play types since <0.1% of Top Shot NFTs.

Caution: Most Top Shot NFTs and NFT Sales are missing Play Type data in flow.core.dim_topshot_metadata table.

NFT Sales by Play Type

Median Sales Prices by Play Type

~40% of all Top Shot NFTs are Rim play types.

Despite Rim play type accounting for 40% of NFTs, it only accounts for 36% of total Top Shot sales.

Rim play types are the most frequently sold and the amount of daily sales of each type appear to be correlated.

User and Play Types

Steals have the highest median price, while Handle, which is the lowest number of NFTs, also sells for the cheapest.

More than 60% of users have sold a Rim NFT, and over 40% have

Top Shot prices have crashed since April. Interestingly, Handles had some pretty high median sales prices in April.

5 Key Takeaways

1. Rim play types are dominant in Top Shots, accounting for 40% of all NFTs and 35% of Top Shot sales volume ($USD).
2. Handles are worst performing with lowest total # of NFTs, sales volume and median sales price.
3. Daily sale #’s by type appear to be correlated (i.e. they all spike on same days).
4. 60% of Top Shot holders have sold a Rim moment.
5. Despite Rim being most dominant NFT, 30% of NFT buyers bought an Assist on their first day, 2x higher than Rim.

30% of NFT buyers bought an Assist on their first day.