The start of the NBA season has sparked a surge of interest in NBA Topshot, the NFT marketplace featuring iconic moments from the National Basketball Association’s history.
The start of the NBA season has sparked a surge of interest in NBA Topshot, the NFT marketplace featuring iconic moments from the National Basketball Association’s history. For the week ending October 27, sales volume on the platform rose by 94%.
With 43,600 NFTs sold during this period, the marketplace set a new record since the end of the previous playoffs.
For comparison, at the beginning of the year, weekly sales on NBA Topshot averaged around 43,000 NFTs before the playoffs. However, during and after the playoffs, these figures dropped to about 26,000 NFTs per week. Experts attribute this decline to decreased fan interest in the offseason and reduced activity around basketball.
The return of the NBA, along with renewed fan excitement, has clearly revived the Topshot market. Current sales figures show that fans’ enthusiasm for new on-court moments is translating into digital format, boosting interest in NFTs. Fan reactions may serve as a valuable indicator for those considering trades in these tokens.
