The Historical Sales of NBA Top Shot Exceeded $1 billion

Despite the decline in monthly sales, NBA top shot continues to reach new milestones in the field of digital collections.

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According to the research of be [in] crypto, NBA top shot has played a valuable role in the field of NFT since its launch in July 2019, with total sales reaching US $1 billion. This latest indicator is a boost to NFT space. The monthly sales volume of NFT space has been weakening throughout 2022.

Other projects with the largest sales volume in the campaign include but are not limited 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.

New to NBA top shot?

NBA top shot allows digital collectors to buy, collect and sell NBA NFTs, which show some influential moments cast on the flow blockchain. To date, some of the platform’s largest sales have come from LeBron James, Zion Williamson, Stephen curry and giannis antocombo. As early as March, NBA top shot generated about $29 million in sales, although March was difficult in the whole cryptocurrency community.

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What Contributed to the Soaring Sales of NBA Top Shot?

Since January 2021, the number of independent buyers has been increasing, and the surge in sales has led to a surge in the total transaction volume of the platform, with 19185 independent buyers and more than 505000 transactions.

By the end of January 2021, the sales volume of NBA top shot was about $40.5 million. As February approached, the number of unique buyers surged by 321.2% – accumulating 80000 buyers and 1.2 million transactions. By the end of February, the monthly sales of NBA top shot had peaked at about $244 million.

Other months that contributed significantly to NBA top shot sales were March 2021 ($208 million), April 2021 ($82 million), and January 2022 ($59 million).
As of press time, the total sales of NBA top shot in May was about $8.37 million.