Try Quests to earn FLOWNBT Top Shot: FLOW Price Impact
Introduction
This dashboard provides a comprehensive overview of NBA Top Shot NFT sales and examines an analytic question: How does the Flow price impact NBA Top Shot sales? The dashboard is useful for those who want to invest in the project, trade NBA Top Shot, and study the effect of blockchain token price on NFT sales.
Methodology
In this dashboard, we will first provide an overview of the dependent variable, which is NBA Top Shot (TS) sales. This includes analyzing the total number of sales and examining how sales differ depending on the serial number.
Next, we will highlight trends over time by presenting graphs and metrics such as the number of sales, volume of sales, and average price of ADs.
Moving on, we will analyze the independent variable of interest, which is the Flow price. We will explore how the Flow price has changed over time and its correlation with the BTC price, which serves as the market leader.
Afterwards, we will integrate the Flow price data with other relevant metrics to gain a comprehensive understanding of how the Flow price influences the metrics associated with AD sales.
Lastly, we will revisit the impact of the Flow price in a comparative context. Specifically, we will examine how the drop in FLOW price has affected the sales of four sports NFT projects on the Flow platform.
In the conclusion section, we will discuss the analysis conducted throughout the dashboard and highlight the important findings that emerged from the investigation.
What is Flow?
Flow is a blockchain designed to provide fast and low-cost transactions for dapps such as NFT marketplaces and crypto-infused video games without using sharding techniques. Flow was developed by Dapper Labs, the company behind NBA Top Shot, and is now being used for all of its own projects. It is built for collectible and interactive crypto experiences that are quickly growing in prominence, with the potential to generate huge sums of cash and find major mainstream attention.
What is NBA?
The National Basketball Association (NBA) is a premier professional basketball league in North America, consisting of 30 teams (29 in the US and 1 in Canada). It was established in 1946 as the Basketball Association of America (BAA) and later merged with the National Basketball League (NBL) in 1949. In 1976, the NBA and the American Basketball Association (ABA) merged, adding four franchises. The NBA season runs from October to April, with 82 games per team, followed by playoffs that extend into June. NBA players are currently the highest-paid athletes in the world.
What is NBA Top Shot?
NBA Top Shot is a popular NFT marketplace built on the FLOW blockchain where basketball enthusiasts can buy, sell, and trade video clips of NBA highlights. Launched in 2020 through a collaboration between the NBA and Dapper Labs. These digital assets, known as "Moments," are officially licensed by the NBA and come with unique serial numbers and data, including game and player statistics. Similar to traditional sports trading cards, Moments gain value based on their rarity. Owning NBA Top Shot NFTs offers a sense of prestige and authenticity, akin to owning a unique piece of basketball history.