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LeBron James NFTs rise after he breaks NBA scoring record
Tuesday was a record-breaking day for LeBron James both in terms of NBA performance and NFTs. Sales of collectibles began to pick up on February 5th, amassing over $234,000 in total sales to date. Also, NBA Top Shot reported that over 2,500 individual NFTs were traded, breaking a personal record for the player since May 2022.
LeBron James’ NBA Scoring Record: How Are His NFTs Doing?
Four decades after Kareem Abdul-Jappar broke the NBA’s scoring record, LeBron James became the NBA’s all-time leader with 38,388 points on February 8. Thanks to his outstanding performance, the star’s NFT collectibles also shot up in popularity.
The surge began last Sunday and LeBron James’ NFTs exceeded $652K in sales volume over the past 7 days, Dapper Labs data showed.
How about the new top NBA shot?
To celebrate the 2023 NBA season, popular marketplace NBA Top Shot launched 25,000 brand new NFT packs on February 8th. Consequently, every card pack buyer will receive an exclusive airdrop starting February 23rd. The luckiest coiners can get one of the 99 legendary record high moments.
If you’re a LeBron James fan, you should also keep an eye out for the unique NFT edition of trading cards available via Sorare. This unique NFT is currently up for auction; at the time of writing, the highest bid is 6.3117 ETH.
All in all, collectors are definitely more interested in NBA-related NFTs right now, with NBA Top Shot being a top marketplace. The dedicated platform was founded in 2020, just before the NFT boom of 2021. Its dedicated collectibles have amassed over $1.05 billion in total sales, and the numbers continue to rise.
Are sports NFTs on the rise?
While NBA Top Shot is undoubtedly growing at lightning speed, sports NFTs in general are a powerful niche. The most popular types of NFTs in this category are NFT trading cards which you can mostly find via NFL All-Day, Sorare and UFC Strike. This new way of collecting themed memorabilia attracted investors, collectors and even NFT newbies to the market.
The latest example comes from Sorare, who started 2023 by partnering with the Premier League. Accordingly, the digital platform (which boasts over 3 million users) will release an NFT fantasy football game. Sorare’s impressive list of partners also includes Bundesliga and Primera Divison to name a few.
All in all, the sports NFT market amassed a whopping $2.6 billion in 2022 – almost double compared to the previous year. Additionally, experts predict a total of $41.6 billion in sales for this niche by the end of 2023, according to Market Decipher data.
