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A Series 1 Scratch-Off ๐Ÿ€

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A Series 1 Scratch-Off ๐Ÿ€

Featuring the NBA Schedule Release, Series 1 Locker Packs, Supply & Burn Numbers, Challenge Corner & More

Ghost
Aug 20, 2022
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A Series 1 Scratch-Off ๐Ÿ€

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GM, B&B Squad! Cheers to the weekend!

We had the 2022-23 NBA schedule releases this week, which has turned into a fun exercise for the social & creative departments. Each year the clips remind me of the same tropes we see in Super Bowl advertising โ€”ย babies, puppies, celebrity cameos, etc.

A few of my favorites this year:

  • Denver Nuggetsโ€™ Oregon Trail Remix โ€” As an NFT degen, Iโ€™ve got a soft spot for the pixel art:

    Twitter avatar for @nuggets
    Denver Nuggets @nuggets
    Grab your bags we hittin' the Nuggets Trail ๐Ÿ’ผ
    7:08 PM โˆ™ Aug 17, 2022
    940Likes147Retweets
  • New Orleans Pelicansโ€™ Executive VP of Basketball Ops David Griffin playing piano โ€” very weird but very hilarious.

  • Dallas Mavericks guard Theo (whose full name is apparently Theophilus!) Pinson as a french director for a puppy calendar. Iโ€™m into it!

Letโ€™s get into all the action from the last few days:


Loaded Locker Packs ๐ŸŽŸ

Top Shot announced the date for the next batch of 200,000 Locker Room packs, coming on Tuesday, Aug. 23 at 4 PM PST.

After the community voted in late July for the end of S1 Reserve packs, the highly coveted moments will now be mixed into the Locker Room and available for 4 Trade Tickets each.

200,000 packs will be available โ€œon demandโ€, and will include 3 moments (2 guaranteed S3 Base Set, and a third Moment that could be from Series 1, 2, Summer โ€˜21 or 3).

Twitter avatar for @NBATopShotTalk
TST | NBA Top Shot Talk @NBATopShotTalk
๐ŸŽŸ๏ธTrade Ticket Packs๐ŸŽŸ๏ธ ๐Ÿ“ฆ200k Packs ๐ŸŽŸ๏ธ4 Trade Tickets Each ๐ŸŽฒ60% 3 S3 Base ๐ŸŽฒ30% 2 S3 Base + 1 S2 Base ๐ŸŽฒ9% 2 S3 Base + Non-Base Common ๐ŸŽฒ1% 2 S3 Base + S1 Base 100% deflationary 100% scratch your degen itch
9:42 PM โˆ™ Aug 19, 2022

There are 2,000 total S1 moments up for grabs, giving collectors a 1% chance at snagging one in your pack.

For more details, take a look at whatโ€™s available via the pack list.

Wondering what the EV is on these upgraded Locker Room packs? An analysis from @MomentWatch:

Twitter avatar for @MomentWatch_
MomentWatch @MomentWatch_
The new Locker Packs with S1 Moments (Release 11) have a higher expected value then the previous Rare/Legendary Locker Packs (Release 10):
Image
Image
9:26 PM โˆ™ Aug 19, 2022
5Likes1Retweet

The chance at an S1 pull should also restart the recycling fun, with users churning through undesirable S3 moments to continue ripping through the locker supply. These are basically Series 1 scratch offs!

And now weโ€™ve even got a counter to see how many moments are being burned:

Twitter avatar for @NestMaps
Nest Analytics Inc. @NestMaps
I might be late to this, but it looks like we have an official counter for the number of burned moments now
Image
5:05 PM โˆ™ Aug 19, 2022
6Likes1Retweet

Speaking of burning and reducing supply โ€” this tweet from @jonboybeats was pretty eye-opening:

Twitter avatar for @jonboybeats
Jon Jackson @jonboybeats
Head-scratching stat of the night... Series 2 = 14.8mil moments owned, burned, or in Locker Room Series 3 = 13.5mil moments owned, burned, or in Locker Room Didn't have "oh yea S3 had less supply than S2" on my bingo card until tonight...wild
5:15 AM โˆ™ Aug 17, 2022
62Likes4Retweets

Letโ€™s keep that trend going for Series 4, why donโ€™t we?


Challenge Corner ๐Ÿ†

Things have been a bit quiet in the Challenge realm, with the 30 Squad Goals teams approaching the finish line. While I havenโ€™t personally been too enamored with those, the rewards have seemed to hold pretty steady on the marketplace.

The Blake Griffin bottleneck at just 301 minted is still reigning supreme at a $750 low ask, with LeBron James a distant second at $575 as of this writing.

Currently active challenges include the current back-to-back MVP and the always popular Toronto Raptors:

โ€” Denver Nuggets Squad Goals

  • Reward: Nikola Jokic

  • Deadline: Tuesday, Aug. 23 @ 10 AM PST

  • Current Cost to Complete: $316

โ€” Toronto Raptors Squad Goals

  • Reward: Pascal Siakamย 

  • Deadline: Tuesday, Aug. 23 @ 10 AM PST

  • Current Cost to Complete: $246


Flowty x TFM ๐Ÿค

The First Mint is excited to partner with Flowty, aย peer-to-peer NFT loan and rental platform on the Flow Blockchain founded byย Michael Levyย (fondly known as MBL throughout the Top Shot community).

Twitter avatar for @flowty_io
flowty @flowty_io
Would you buy a S1 LBJ Finals Rare for $799? If yes, read onโ€ฆ Hereโ€™s how a flowty loan works: 1๏ธโƒฃ Lender transfers $799 today 2๏ธโƒฃ ๐Ÿ‘‡ ๐Ÿ’ฐ If borrower repays in 120 days or less, lender receives $856 (22% APR) โ›น๏ธโ€โ™‚๏ธ If borrower does not repay, lender receives S1 LBJ Finals Rare ๐Ÿค
Image
11:51 AM โˆ™ Aug 15, 2022
7Likes2Retweets

You might have seen a tweet like this floating around the Top Shot Twittersphere. Did you know that you can take out a personal loan using your Top Shot moment as collateral? Or that you can fund a peer's loan to generate passive income?ย 

Flowtyโ€™s rental and loan marketplace allows renters, owners, borrowers and lenders to transact in aย safeย and easy way.

Want to learn more? Join theย Flowty Discordย and follow along on Twitter atย @flowty_io.


Around The First Mint ๐Ÿ—ฃ

๐ŸŽง The ETH Merge Explained (Feat. 0xQuit)

Its coming. The much talk about ETH merge is just a month away, and the price action is heating up. But WHAT exactly is the merge, and how will it affect our NFTs? And more recently...what is this talk of forking? We bring on a legend, 0xQuit, to talk us through one of the most hyped events in crypto history.

๐ŸŽง The Fate of FLOW

๐ŸŽง What Makes an NFT Bull Run? (Feat. Mack Flavelle)

๐ŸŽง Crypto Portfolio 101 (Feat. Scott Melker)

Thanks for reading! โ€”ย Zachย @ The First Mint

Followย Zachย on Twitter atย @GhostOfGregOden.๏ปฟ


**This is not financial advice. Nothing in this newsletter, podcast, or publication should be considered financial or trading advice of any kind. Please do your own thorough research and make your own trading decisions. This is not advice.โ€


About The First Mint

The First Mint is a web3 media company. We make. We write. We talk. We listen.

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