NBA Top Shot Trade Tickets is the newest feature on the officially licensed basketball NFT.
Before rolling up our sleeves and getting into this new feature, be sure you know the basics. Check out our article on How to Make Money on Top Shot.
As a quick reminder, NBA Top Show allows collectors to purchase game highlights through blockchain technology. Some of the rarer highlights sell for big bucks, too, although the market has since cooled down a bit.
Top Shot collectors have ownership over the highlight through a blockchain NFT or a non-fungible token. The token proves your ownership and is unchangeable without owner consent.
It’s hard to put a price on shared ownership of a particular highlight. However, the Top Shot market has done just that. Trading Tickets are a way to add value and flexibility to your collection of Moments.
NBA Top Shot Trade Tickets is part of a three-step rollout from Dapper Labs, the minds behind Top Shot.
Top Shot collectors hate opening a pack and getting a so-so highlight featuring a player they don’t know. That’s exactly what a trade ticket is intended to fix.
Trade tickets allow you to turn in your old Top Shot Moments for bigger, better things.
According to Top Shot, “Trade Tickets instantly brings extra flexibility and utility to your collection. Don’t love a Moment? Swap it for a Trade Ticket.”
The idea here is to keep the consumers happier with their Moments and provide them with recourse for dissatisfaction with their collections.
When you swap in a moment, the “trade ticket” you get in return can be used to gain assess to special packs that are only available to collectors of Trade Tickets.
And, best of all, each Moment is worth 1 ticket. So, it doesn’t matter how common or boring your Moment might be!
Trade Tickets can be acquired by trading in any single NBA Top Shot Moment and receiving a single Trade Ticket. So if you have a moment you don’t care for, swap it in for a trade ticket. There’s a 1:1 ticket-to-Moment ratio regardless of Series, Tier, Serial Number, etc.
Trade tickets were created to help Top Shot collectors do a little more with each Moment. So, if you’d prefer ripping packs instead of sitting on moments, you don’t care for or are struggling to sell, this is the solution.
Top Shot outlines a 5-step process for using trade tickets:
Point 3, in particular, is an interesting one. Traded in moments go to “The Locker Room,” but they can be released, as well.
Another potentially exciting approach would be “burning” the traded Moment. This move can be valuable when adjusting the rest of the set’s serial number to add scarcity.
According to Dapper Labs, this is Phase 1 of the development plan for Trade Tickets. If so, what is in Phase 2 and 3?
Per Top Shot, Phase 2 of the trade ticket initiative includes a “bulk trade-in” feature that’ll allow collectors to trade in dozens of Moments to receive dozens of Trade Tickets at once.
That said, the company is holding off on Phase Three, which will be the first release of our Series 1 Reserve Packs, until that feature is built.
Top Shot trade tickets cannot be sold, and they’re not NFTs on any blockchain. However, they are worth your time if you have any Top Shots you want to offload.
Imagine bundling up all your basketball base cards and selling them in bulk for $50, which you then take to buy a blaster box. Of course, after opening the blaster, you still probably don’t have any big-money cards, but there was at least a chance of pulling one.
You can most likely expect the same sort of thing from Top Shot Trade Tickets. They’re not big money, but they’re a way to get a new chance at pulling something exciting and valuable.