Collectibles

Note: Data in this section last updated May 28th, 2022

Collectibles are the second most popular category of digital art, representing 19% of sector and ~ 13% of all NFTs.

There are several categories of collectibles, but one of the most popular is proving to be sports. Sports NFTs may provide an ideal venue for onboarding “normies” into crypto, given the rabid fanbase and high degree of overlap with the $30 billion fantasy sports / trading card market. Indeed, we have seen several notable projects in the space – such as UFC Strike, NFL All La Liga and cricket’s FanCraze – and Deloitte estimates that 4 to 5 million people will purchase sports NFTs in 2022, generating revenue of over $2 billion.

One of the top sports collectibles is a project known as NBA Top Shot, which was formed as a partnership between the NBA and Dapper Labs, the company that created Cryptokitties.

The platform allows users to collect and trade “moments” – video clips of specific game highlights with relevant information such as statistics about the game and players featured. In short, they’re the modern equivalent of baseball cards.

Notable NBA Top Shot “Moments”

Source: Menabytes.com

NBA TopShot has recorded over $1B in sales to date, peaking at nearly $225M in February 2021. Some of the top collections include:

Source: Cryptoslam