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.
NOTE: NBA Top Shot is not built on Ethereum. It is a blockchain-based product that uses the Flow blockchain. Ethereum is a separate blockchain platform, and NBA Top Shot does not use it. Attempting to use the two platforms together could lead to unexpected behavior or system errors.
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. The moment’s prices have also skyrocketed, with some of the most rare and desirable moments selling for tens of thousands of dollars.
So, is NBA Top Shot Ethereum? In short, yes. NBA Top Shot is built on the Ethereum blockchain and all moments are stored as NFTs.
This means that the platform is decentralized, secure, and allows users to buy, sell, or trade moments without any middleman. It also means that NBA Top Shot is subject to the same volatility as other cryptocurrencies, which has been on full display in recent months.
7 Related Question Answers Found
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.
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!
The rise of Ethereum has been nothing short of meteoric. In the space of just a few years, it has gone from being a little-known cryptocurrency to one of the most talked-about assets in the world. And, as Ethereum’s price continues to surge, many are wondering if we are in the midst of a “bull run”.
This is a question that many people are asking, as the two platforms seem to be very similar. Both Cosmos and Ethereum use blockchain technology to power their respective networks, and both have their own native tokens (ATOM and ETH). So, what’s the difference
Well, for one, Cosmos is designed to be a decentralized network of blockchains, while Ethereum is a single blockchain.
IMX Ethereum is a public, decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is similar to Bitcoin in that it is a decentralized digital currency. However, Ethereum goes beyond being just a digital currency.
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.
As of July 21, 2016, Ethereum Classic (ETC) is now available to trade on Coinbase! This is HUGE news for the Ethereum community. Coinbase is one of the most popular and well-known exchanges in the world, and this listing will make it much easier for people to buy and sell ETC.
