A Series 1 Scratch-Off 🍀

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

Aug 20

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 — babies, puppies, celebrity cameos, etc.

A few of my favorites this year:

Denver Nuggets’ Oregon Trail Remix — As an NFT degen, I’ve got a soft spot for the pixel art:
Denver Nuggets @nuggets
Grab your bags we hittin' the Nuggets Trail 💼
August 17th 2022
147 Retweets940 Likes
New Orleans Pelicans’ Executive VP of Basketball Ops David Griffin playing piano — very weird but very hilarious.
Dallas Mavericks guard Theo (whose full name is apparently Theophilus!) Pinson as a french director for a puppy calendar. I’m into it!

Let’s get into all the action from the last few days:

Loaded Locker Packs 🎟

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 “on demand”, and will include 3 moments (2 guaranteed S3 Base Set, and a third Moment that could be from Series 1, 2, Summer ‘21 or 3).

TST | NBA Top Shot Talk @NBATopShotTalk

🎟️Trade Ticket Packs🎟️ 📦200k Packs 🎟️4 Trade Tickets Each 🎲60% 3 S3 Base 🎲30% 2 S3 Base + 1 S2 Base 🎲9% 2 S3 Base + Non-Base Common 🎲1% 2 S3 Base + S1 Base 100% deflationary 100% scratch your degen itch

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 what’s available via the pack list.

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

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 we’ve even got a counter to see how many moments are being burned:

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

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

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

Let’s keep that trend going for Series 4, why don’t we?

Challenge Corner 🏆

Things have been a bit quiet in the Challenge realm, with the 30 Squad Goals teams approaching the finish line. While I haven’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:

— Denver Nuggets Squad Goals

Reward: Nikola Jokic
Deadline: Tuesday, Aug. 23 @ 10 AM PST
Current Cost to Complete: $316

— Toronto Raptors Squad Goals

Reward: Pascal Siakam
Deadline: Tuesday, Aug. 23 @ 10 AM PST
Current Cost to Complete: $246

Flowty x TFM 🤝

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

flowty @flowty_io

Would you buy a S1 LBJ Finals Rare for $799? If yes, read on… Here’s how a flowty loan works: 1️⃣ Lender transfers $799 today 2️⃣ 👇 💰 If borrower repays in 120 days or less, lender receives $856 (22% APR) ⛹️‍♂️ If borrower does not repay, lender receives S1 LBJ Finals Rare 🤝

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?

Flowty’s rental and loan marketplace allows renters, owners, borrowers and lenders to transact in a safe and easy way.

Want to learn more? Join the Flowty Discord and follow along on Twitter at @flowty_io.

Around The First Mint 🗣

🎧 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.

🎧 The Fate of FLOW

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

🎧 Crypto Portfolio 101 (Feat. Scott Melker)

Thanks for reading! — Zach @ The First Mint

Follow Zach on Twitter at @GhostOfGregOden.

**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.”

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