NBA reveals 2021 Rising Stars rosters on NFT platform NBA Top Shot


The NBA unveiled its 2021 Rising Stars rosters on NFT marketplace NBA Top Shot on Wednesday. 

The Rising Stars Challenge is a basketball game that takes place at the annual All-Star Weekend when rookies and young players compete against each other. Because of the pandemic, the NBA isn't doing the game this year but is still recognizing some of the league's best players from the 2020-2021 season. 

According to a blog post published Wednesday, NBA Top Shot, along with the NBA and the National Basketball Players Association, have "hand-picked" 20 individual Moments from the 2020-2021 season to highlight each of the players chosen for the U.S. Team and the World Team. 

"These Moments, immortalized as digital collectibles on the blockchain, will be available in an unprecedented NBA Top Shot set this weekend," the post explained. "Add your favorites to your collection when packs drop on March 7 or shortly thereafter on the peer-to-peer Marketplace."

Named players include Zion Williamson and Ja Morant, whose highlights have already been sold for $100,000 apiece. 

NBA Top Shop did not immediately respond to The Block's request for comment. 

Dapper Labs, the company behind NFT collectible project CryptoKitties, also runs NBA Top Shot. NBA Top Shot has drawn thousands of users to its "Legendary Drops."

In mid-February,  the company was in the process of wrapping up a $250 million fundraising round at a valuation of approximately $2 billion. 

Related Reading

Get Your Crypto
Daily Brief

Delivered daily, straight to your inbox.

TRON USDC now available

Delivering on a vision for an interoperable global standard for dollar digital currency, Circle and TRON have partnered to make USD Coin (USDC) available on the TRON blockchain, which has grown to more than 56 million accounts and nearly 2.5 billion transactions since its founding just four years ago. TRON is home to a broad ecosystem for digital assets in Asia and around the world, and the TRON community can now benefit from easy access to the world's fastest-growing, regulated dollar digital currency. 
Read Full Story
Sponsored Post

Layer-1 Platforms: A Framework for Comparison

The Block Research was commissioned by Algorand to create Layer-1 Platforms: A Framework for comparison, which provides a “look under the hood” at seven platforms: Algorand, Avalanche, Binance Smart Chain, Cosmos, Ethereum/Ethereum 2.0, Polkadot, and Solana. We assess their technical design, related ecosystem data, and qualitative factors such as key ecosystem members to get an understanding of how they differ. Having done this analysis, we draw some insights for what the future of the broader smart contract landscape could look like for years to come. 
Read Full Story
Aug 11, 2021, 5:18PM UTC