It's Showtime 🤩
Featuring the Magic Johnson Drop, RIB Theories, Multi-Accounting Mayhem, Crafting Leaks & More
Good Morning, NFT Fam! Hope you had a great weekend!
We’ve got a series in the NBA Finals, with the Warriors bouncing back to even things up at 1-1. And much of the energy shift can be attributed to Draymond Green, who spent most of Game 2 roughing things up and getting under the Celtics’ skin.
This sequence in particular was pretty hilarious:
Let’s get into all the action from the last few days:
It's Showtime 🪄
We’ve got one of the most hotly-anticipated drops in recent memory on Top Shot today, with ‘The Anthology: Magic Johnson’ highlights hitting the platform at 11 AM PST.
Each pack (featuring one of four possible moments) costs $399 — and 1,600 total packs will be available across the two queues. Full details available here (a very slick landing page, kudos to the TS design team).
This will be an interesting one to watch on the marketplace, considering it will be going back to the platform’s ‘collectible’ roots:
You’re free to use the Moments in future challenges that require the criteria (Lakers Moment, Rare Moment, etc) but there won’t be any challenges specific to Magic Moments.
See you June 7!
And to be honest, I love it! I miss the days of Top Shot having ‘grail’ type moments (LeBron’s Kobe Tribute S1 Dunk, Zion Williamson’s S1 moments, the Cosmic set, etc.).
Nobody needed utility for those moments — they were valuable because they were simply amazing and significant highlights. This Magic drop feels along the same lines, and doesn’t need any gimmicky challenges or extra utility to make them special.
Also, an interesting nugget from the blog… WEN MJ?!?!?
Multi-Accounting Mayhem, Pt. ∞ 🤖
With highly anticipated drops and new features (like the Referral Program), come bad actors. And while the peripheral numbers have been trending up (see below), it’s fair to wonder how many new users are truly organic.
And when I see posts like this ( just one of MANY multi-accounting rings still being uncovered by community members), I really have to question if the ‘starter pack’ new user experience is worth these downsides:
It would appear that Top Shot feels the same way, with a few posts from the Community account late on Monday:
I also think the point below is important — if the community is finding and reporting these multi-accounters, I feel like something similar to a ‘bug bounty’ (rewarding users to find flaws in a system) should be in place. Because right now, there is very little incentive to continue:
Anyways, welcome to the many new users on the platform! Group photo time:
Crafting Leaks 🪠
Crafting has felt imminent for a few weeks now, and there’s even more smoke now following a ‘Crafting 101’ video that was released and promptly removed on Monday. But not prompt enough, as collectors saw and went wild with speculation on the placeholder moments used in the early edition of the video.
A busy day for the TS Community/Comms Twitter:
This gets filed under the ‘harmless mistake’ category for me, but any error at this point for Top Shot is blood in the water — the angry community feeding frenzy will always ensue.
It’s an interesting paradox though — people always point to expecting better out of a billion dollar company, but do we really scrutinize other products the way we do with Dapper? I certainly don’t read every blog on Apple’s website, or scour each description of products on Amazon’s platform — just a thought!
It’s a sign of a passionate community, but sometimes we all need a bit of perspective!
Around The First Mint 🗣
🎧 Burning Will Transform Sports NFTs
NFL All Day. Candy MLB. NFTU College Hoops. And this week - NBA Top Shot. Burning has finally arrived to the sports NFT world and just in time to combat the woes of oversupply. In this pod, we’ll explore the different methods for burning, and their short + long term impacts.
🎥 TFM Live: NBA Finals Challenge
🎧 The Soulbound Tokens Are Coming
Thanks for reading! — Zach @ The First Mint
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