A short and easy path for newcomers to NFT.
🏀 Let's take a look at participating in the NBA Top Shot pack drop.
What is an NFT?
NFT is a unique token that does not have a copy.
NBA Top Shot NFT's are called "moments" (short pieces of NBA games videos).
There is a limited number of each moment (let's say 5000).
Each moment of one specific game will have its own number (in our example from 1 to 5000).
Moments can be Common, Rare, Epic, Legendary.
Based on the moment's rarity and number, sellers set prices differently.
💴 You can buy NFT's on the marketplace (https://nbatopshot.com/marketplace) or buy them in a pack (several moments combined).
NFT pack sale is called a drop. Depending on the rarity of the pack, it can have a different price and supply.
(The smaller the supply, the more valuable the pack is).
💧Let's take a look at today's drop.
COOL CATS (DROP 4)
Drop time: April 15 at 21:00 UTC
The number of packs: 100,000 pcs.
Price: 14 $
A pack contains 5 points:
1x Cool Cats
4x base moments (series 2)
How to buy?
First, create an account on the website (https://nbatopshot.com/).
In order to buy a pack, you should go to the
NBA Top Shot site 1 hour before the drop starts. You will land in the waiting room.
As soon as the timer reaches 00:00 you will be given a spot in the queue.
If the queue number is lower than the number of packs, you should stay in the queue and wait for your turn to purchase a pack (btw, it is not necessary to deposit funds in advance).
Why does it make sense to participate in the pack drops?
If you're lucky to get hold of a special number (i.e. 1, 10, 777, 4999), you can sell it at a higher price (usually around 1k$). Firstly, you need to go through the KYC process, though.
If not, then you can leave them in your collection and gather more moments.
Why do you need more moments?
In order to participate in the LEGENDARY pack drops, you already have to have 15 moments.
LEGENDARY packs cost $ 999, but you get much more out of them.
