Fans have been flocking by the thousands to the Top Shot online platform to buy short videos of dramatic sequences from professional basketball games, as a new virtual market enjoys astonishing success among collectors, sports fans and art lovers.
To the untrained observer, one video clip showed NBA superstar LeBron James in one of his more spectacular moves; but it lasted no more than a few dozen seconds. On Top Shot, however, it instantly became a collector’s item that sold on Monday for an eye-popping $208,000.
👑ALL HAIL THE KING👑@YoDough scooped up this Legendary LeBron James Moment from our Cosmic Series 1 set for $208,000‼️ This Moment is from our first Legendary set ever minted 💯
The top acquisition for any NBA Top Shot Moment … so far.
Congrats on the nice pickup! 👑 pic.twitter.com/rFLMzbwXN7
— NBA Top Shot (@nba_topshot) February 22, 2021
The video sequence is an “NFT” — a Non-Fungible Token — a virtual object whose identity, authenti…
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