Tuesday was a record-breaking day for LeBron James both in terms of NBA performance and NFTs. The collectibles sales started increasing on February 5th, amassing over $234,000 in total sales up to this date. What’s more, NBA Top Shot reported over 2,500 individual NFTs traded, breaking a personal record for the player since May 2022.
LeBron James’ record-breaking performance has led to an NFT boom on NBA-related collectibles. Credit: Twitter LeBron James’ NBA Scoring Record: How Are His NFTs Doing?
Four decades after Kareem Abdul-Jappar broke NBA’s scoring records, LeBron James became the NBA’s all-time charts with 38,388th points on February 8th. Thanks to his outstanding performance, the star’s NFT collectibles skyrocketed in popularity too.
The surge began last Sunday and LeBron James’ NFTs surpassed $652K in sales trading volume over the past 7 days, Dapper Labs data showed.
The popular NFT marketplace, NBA Top Shot, launched a new NFT card drop with exclusive airdrops on the way! Credit: Twitter What About The New NBA Top Shot Drop?
In order to celebrate the 2023 NBA season, the popular marketplace NBA Top Shot launched 25,000 brand new NFT packs on February 8th. Accordingly, each card pack buyer will receive an exclusive airdrop starting February 23rd too. The luckiest minters might get one of the 99 Legendary Record-Breaking Moments.
If you’re a LeBron James fan, you should also keep an eye out for the unique trading card NFT edition available via Sorare. This unique NFT is currently up for auction; at the time of writing, the highest bid is 6.3117 ETH.
All in all, collectors are definitely more into NBA-related NFTs right now, with NBA Top Shot being a top marketplace. The dedicated platform was founded in 2020, just before the NFT boom in 2021. Its dedicated collectibles have amassed over $1.05 billion in sales in total and the numbers keep rising.
Are Sports NFTs on The Rise?
While NBA Top Shot is undoubtedly growing at lightspeed, sports NFTs are a powerful niche in general. The most popular types of NFTs in this cartegory are NFT trading cards which you can mostly find via NFL All-Day, Sorare, and UFC Strike. This new way of collecting themed memorabilia attracted investors, collectors and even NFT newbies to the market.
The latest example comes from Sorare, which started 2023 by partnering with Premier League. Accordingly, the digital platform (which boasts over 3 million users) will drop an NFT fantasy football game. Sorare’s impressive partner list also includes Bundesliga and Primera Divison to name a few.
All in all, the sports NFT market amassed a whopping $2.6 billion in 2022 – almost double compared to the previous year. What’s more, experts predict a total of $41.6 billion in sales for this niche by the end of 2023, according to Market Decipher data.
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