Upon further research, the NBA and PA are in a revenue sharing agreement with
Dapper Labs, the creators and administrators of the market place.
Customers can purchase Digital Collectibles of basketball moments.
The NBA owns the rights or the Intellectual Property, so ,basically ,the customer is simply purchasing a piece of digital art

It’s similar to buying a music album, which can be collected and re-sold,
but the record company owns the masters or rights to the music.


Each digital moment is a NFT ( non fungible token), which cannot be duplicated,
divided or multiplied, unlike regular crypto. And there are an infinite amount of NFTs
on the blockchain.

It’s pretty easy to understand, especially if you have any experience with trading.


My problem with this is , if you’re not tech savvy, where you can create Bots and
APIs to get you ahead of the game, you’re going to be in the back of the line.
They have huge Queues for their highlight drops, so if you’re not able to get in at
that moment, then you will be forced to buy at high resell prices, similar to what happens in the sneaker market.

If the same company had issues with Crypto Kitties, where the platform was not sustainable, how do they expect to sustain this? Crypto Kitties were more like a
cult following compared to this

And the fact you can only withdraw a certain amount at a certain time sounds
too Ponzi scheme to me. If you have a lot of money invested, it could take
years just to withdraw it all. But it’s easy as hell to deposit money!

ALL HAIL THE KING of LOSING: LEBRON
Bulls | Bears | White Sox | Yankees | Notre Dame | Illinois | Chelsea | Real Madrid