A Series 1 Scratch-Off 🍀
Featuring the NBA Schedule Release, Series 1 Locker Packs, Supply & Burn Numbers, Challenge Corner & More
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:
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).
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:
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:
Speaking of burning and reducing supply — this tweet from @jonboybeats was pretty eye-opening:
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:
Reward: Nikola Jokic
Deadline: Tuesday, Aug. 23 @ 10 AM PST
Current Cost to Complete: $316
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).
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.
Around The First Mint 🗣
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.
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.”
About The First Mint
The First Mint is a web3 media company. We make. We write. We talk. We listen.