NBA Topshot
I am not sure if anyone remembers this, but last year a website called NBA Topshot absolutely took over the world for about a week, maybe a month. NBA Topshot was a new project that allowed users to buy digital packs of cards. Each pack was a fixed price and there were a fixed amount of packs. Not only were there a fixed amount of packs, but a fixed amount of each “moment” (digital card) that could be distributed. At first this just seems like a fun new way to collect basketball cards if you have a few extra dollars lying around. But then came the hysteria.
NBA Topshot had a marketplace where people could sell the moments they got from different packs, and it was madness. There were cards selling for 1000x what you paid for the pack. The marketplace was flooded with moment purchases of upwards of $100,000. It was covered on large international news networks because of the crazy profits some lucky early adopters were making.
This was the first introduction to NFTs many people had. After this, we have had a year where NFT projects have dominated talks in the crypto space. Where popular NFT projects are selling for millions of dollars. And just recently, in January, OpenSea (a popular NFT platform) hit a new all time high for volume.
A new kind of collectible
With all this hype and hysteria swirling around NFTs, enter UFC Strike. UFC Strike is made by the same company that created NBA Topshot, Dapper Labs. They are using the same formula that made NBA Topshot so successful. Now you might be saying, “That’s cool, but NBA Topshot hasn’t been that popular in a while.” This is true, but UFC Strike will breathe new life into this NFT card collecting craze.
There are a few things that set UFC Strike apart and give it an advantage. For one, with the NBA cards, there are far too many players in the league and too many moments. This led to the market becoming saturated with too many collectibles of each player, thus leading to less demand. The UFC is different. There are a lot less fighters than NBA players, and there are wayyy less great fighters than great NBA players. This means if someone is looking for a moment from a great fighter there will be far less supply. This will lead to higher prices and profits on the marketplace. For example, if you receive an Israel Adesanya card from a pack, there may only be 2 different moments for Israel released and each moment only having 20,000 NFTs. Especially early on because there will be less pack drops meaning less moments to choose from. While with Topshot there may have been upwards of 500,000 Lebron James moments. These factors will make flipping these cards on UFC Strike much more profitable for users.
UFC Strike Hysteria
I wanted to post this article today because tomorrow, February 15th, there will be a major push in this project. Tomorrow there will be a pack drop, called the Fully Loaded packs. They will be releasing an additional 30,000 packs from the original Fully Loaded pack drop they did last month.
Even better than a pack drop, February 15th, UFC Strike will officially be opening their marketplace to allow for users to sell their moments. This is absolutely huge, the marketplace is what allowed for NBA Topshot to become so massive.
As a bonus, UFC Strike is giving away an Israel Adesanya collectible to those who spend more than $500 in the marketplace by February 25th. You know so many people are going to be blowing money just to get this collectible because Israel is such a superstar.
So tomorrow, February 15th, the UFC Strike hysteria starts. I am not sure if the large price profits will be now or later, but I want to get in early.
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