In the world of online basketball games, there is a new contender that has taken the scene by storm. NBA Top Shot is a game that allows users to buy, trade, and collect virtual basketball cards of their favorite players.
These cards are stored on the blockchain, and can be bought, sold, or traded with other users. The game has been extremely popular, with over $200 million in sales in just its first month.
NOTE: This warning note is to remind readers that although NBA Top Shot is built on Ethereum, it is not a secure platform and there are risks involved in using it. It is important to do your own research and be aware of the risks before participating in any activities or transactions related to NBA Top Shot. Additionally, Ethereum transactions are not always reversible so it’s important to be careful when making any transfers or investments. Finally, make sure to keep your private keys safe and secure as they are essential for accessing your funds on the Ethereum blockchain.
The big question is: is NBA Top Shot built on Ethereum? The answer appears to be yes. All of the transactions that take place within the game are stored on the Ethereum blockchain.
This means that the game is extremely secure, as all of the data is stored in a decentralized manner. It also means that the game is extremely transparent, as all of the transactions are publically viewable on the blockchain.
The fact that NBA Top Shot is built on Ethereum is a big positive for the game. It gives it a lot of credibility and makes it one of the most secure and transparent games on the market.
9 Related Question Answers Found
Since its launch in October 2020, NBA Top Shot has become one of the most popular applications built on the Ethereum blockchain. The concept is simple: users can buy, trade, and collect digital versions of NBA highlight moments, called “moments.
” Each moment is stored as a non-fungible token (NFT), which means that each one is unique and can be bought, sold, or traded like any other cryptocurrency. The popularity of NBA Top Shot has exploded in recent months, with the platform now boasting over 500,000 users and $230 million in transaction volume.
NBA Top Shot is a digital collectibles platform and marketplace, created by Canadian startup Dapper Labs. It uses the non-fungible token standard ERC-721 to create digital collectibles called “Moments”, which are basically highlight reel clips of NBA players in action, on the blockchain. These Moments can be bought, sold, or traded on the NBA Top Shot website or marketplace.
Polka Dot is a decentralized financial protocol built on Ethereum. The protocol enables the creation of next-generation decentralized exchanges and marketplaces. It is powered by a novel consensus algorithm called Proof of Stake Credit (PoSC).
AVAX is a native token of the Avalanche blockchain, which is a next-generation, open-source platform for launching decentralized applications and enterprise blockchain deployments. The Avalanche blockchain is designed to be highly scalable, secure, and easy to use. AVAX is built on the Ethereum blockchain.
Emax is a decentralized autonomous organization built on the Ethereum blockchain. It is the first DAO to be launched on Ethereum, and it is also the largest DAO by market capitalization. Emax is not owned by Ethereum, but it is built on top of the Ethereum blockchain.
Cardano is a smart contract platform with a native token, ADA, that can be used to send and receive value. Cardano is built on a proof-of-stake consensus protocol called Ouroboros and has a multi-asset ledger. Cardano also has a decentralized virtual machine called Plutus that allows for the creation of smart contracts on the platform.
As of late, Ethereum has been on an absolute tear. The price of ETH has surged from around $100 at the start of 2017 to nearly $1,400 at the time of writing. That represents a gain of over 1,200% in less than a year!
When it comes to Ethereum, there is no question that it has had a roller coaster of a ride over the past year. The price of Ethereum reached an all-time high in January of 2018, only to crash down to around $100 by the end of the year. This was followed by a slight rebound in early 2019, before the price once again fell back down to around $100.
Gala Games is a blockchain gaming company that is built on Ethereum. Gala Games uses the Ethereum blockchain to power its games and apps. The company has a team of experienced game developers who have created popular games such as CryptoKitties, Decentraland, and Axie Infinity.
