A collector of valuable NFTs from Dapper Labs’ NBA Top Shot has turned down a $ 1 million offer for a single token depicting professional basketball star Zion Williamson of New Orleans Pelicans.
The collector “jerlevine” bought the # 1 Jersey Match S1 Holo Zion Williamson NFT for $ 100,000 on January 25th. The token is of “legendary” rarity and was first issued in the HOLOMMX package during Series 1 of Top Shot.
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We have news on the first $ 1 million offer for an @nba_topshot moment!
It was for the # 1 and Jersey Match S1 Holo Zion Williamson.
And @ JerLevine declined. pic.twitter.com/j0Ct0EH7wI
– OwnTheMoment (@OwnTheMomentNFT) March 11, 2021
NBA Top Shot, a blockchain-based marketplace where NBA fans can purchase rare multimedia moments featuring key players and highlights from basketball history, has grown in popularity in recent months. Dapper has tried to limit the number of new accounts on the platform in response to overwhelming demand.
While tokens with low serial numbers tend to fetch higher prices, moments with serial # 1 or streaks that match the jersey number of the player depicted in the NFT are most valuable. Since Zion Williamson’s jersey number is number 1, cards with him and his jersey-matching serial number are particularly valuable.
Williamson isn’t the only player whose moments win huge prizes. The tokens depict the Los Angeles Lakers’ NFTs LeBron James, which recently sold for $ 200,000, $ 125,000 and $ 80,000, respectively.
The growth of NBA Top Shot has resulted in collectors amassing millions of dollars in NFTs since its launch in October 2020. An NFT collector named “Pranksy” started with an initial investment of $ 600 that turned into a collection of top shot highlights valued at $ 7 million.
The Wall Street Journal recently reported on top shot collector Michael Levy who spent $ 175,000 on a collection that is now valued at around $ 20 million.
Roham Gharegozlou, executive director of Dapper Labs, told the publication the team was unprepared for Top Shot’s explosive rise in popularity:
“We knew this was rocket fuel [..] What surprised me is how quickly mainstream basketball influencers have adopted it. “
