NFL ALL DAY LONG surpassed NBA Top Shot in NFT sales in August for the very first time. It has put NBA Top Shot vulnerable to losing its top-dog status on the Flow blockchain.
NFL ALL DAY LONG and NBA Top Shots are non-fungible tokens housed on the Flow blockchain. Among the biggest NFT blockchains by all-time sales, Flow has processed a lot more than $1 billion worth of digital collectibles from 463,091 unique buyers across 23 million transactions.
Because the newer collection on Flow, NFL ALL DAY LONG generated approximately $7.3 million in August. This is a four-month high since sales of the collection declined steeply after Aprils $7.5 million in sales.
NBA Top Shot, however, reached a 20-month low after grossing around $7 million. The final time this collection generated significantly less than $7 million in monthly sales was in December 2020.
NFL ALL DAY LONG draws more unique buyers
There have been 16,745 new buyers for NFL ALL DAY LONG while Top Shot only taken in 15,369 unique buyers. This difference was likely because of the announcement of the initial public NFL ALL DAY LONG Series 1 pack drop that was dubbed Headliners. The drop happened on Aug. 12 and featured legendary moments from Derrick Henry, Jalen Ramsey, Trevor Lawrence, Derek Carr, Jonathan Taylor, and Zach Wilson. NFL ALL DAY LONG premiered in closed beta mode in December 2021 before being opened to everyone last month.
NBA Top Shot has been on the markets since May 2020 and the longevity explains its all-time sales that have surpassed a lot more than $1 billion.
Despite NBA Top Shot total transactions of 423,164 outpacing NFL ALL DAYs 173,809, NFL ALL DAYs average sale value of $42.07 was two and half times that of NBA TOP SHOTs $16.64.
Is NBA Top Shots status because the best performing NFT on Flow at an increased risk?
By Sept. 18, NBA Top Shot had generated sales of $2.9 million while NFL ALL DAY LONG had sales around $8.3 million. With significantly less than fourteen days till the finish of the month, there exists a huge chance that NFL ALL DAY LONG could have a lot more than five times the sale of NBA Top Shot by enough time October rolls around.
Having said that, NFL ALL DAYs all-time sales are just around $50 million 20 times below that of NBA Top Shot a high 10 NFT collection by sales volume.
NFL ALL DAY LONG upgrading the ranks
NFL ALL DAY LONG did little to regenerate FLOWs price
FLOW opened on Feb. 1 with a trading price of $6.80 and spiked to $8.65 before Russias invasion of Ukraine resulted in a substantial decline in the costs of cryptocurrencies.
In the months that followed, FLOW crashed to $1.22, also it traded below $2 in the 3rd week of September. Overall, FLOW has shed a lot more than 70% of its price because the collections release.
With competition from NFL ALL DAY LONG, Be[In]Crypto reached out for some skillfully developed;
It’ll undoubtedly add value to the Flow ecosystem, they are two of the largest franchises in world sport. The mass exposure and adoption that NFL ALL DAY LONG provides to the chain are priceless. Flow did well to make sure they provide the proper platform to help keep organizations like this on the chain, said Philip Gunwhy, CMO of Farcana, a blockchain gaming Metaverse.
Sebastian Menge, the COO of Fitburn gave his opinion; Todays events appear to be a battle between your NBA and the NFL. Its worth noting that the NFL ALL DAY LONG is a newer project, and thats why it creates more hype. Top Shot NBA is really a project that had its highest, easily recall correctly, in regards to a year ago or in February 2021.
Menge concluded, That has been the real reason for the communitys interest and the primary reason that NFL ALL DAY LONG has outperformed TOP SHOT NBA at this stage. Flow blockchain or Flow ecosystem, subsequently, profits out of every new project that creates hype. But whether that hype will undoubtedly be permanent, you might never know, since it needs constant fueling.
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