Trader Just Dropped $105K On NBA Crypto Collectibles: Report

One Trader just dropped $105K on NBA crypto collectibles, expanding his NFT inventory as we are reading more in today’s crypto news.

The NFT trader just dropped $105K and according to his Twitter handle, he is called Pransky who announced his decision to purchase a lot of NBA licensed NFT tokens which are crypto collectibles. the purchase was made in honor of LeBron’s James Birthday. This popular basketball player brought more than $2 million in revenue. For LeBron’s birthday, NFT trader Pransky decided to double down on the NBA Top Shot with a blockchain-based digital trading card game that was making a lot of money for investors recently.

As it's @KingJames's birthday I just bought out an @nba_topshot account for 140 ETH ($105K), 6,272 extra moments including 50+ #1 serials. Volume has been picking up for weeks so I decided to double down!https://t.co/rDoOyTvnxi pic.twitter.com/68sojSqM1d

— Pranksy (@pranksyNFT) December 30, 2020

Pransky is a 29-year old mobile game designer from the UK and he is a well-known NFT trader. He made about half a million dollars trading NFTs according to his statements on the Zima Red’s two-hour-long podcast. Pransky put his money to work by spending 140 ETH on a nba_topshot and more than 50+ #1 serials. The volume increased over the past few weeks so he decided to double down on the opportunity and to increase his NFT inventory.

Pransky’s latest investment was the creation of the Vancouver based Dapper Labs and it is licensed by the NBA. The NFTs are a form of digital scarcity capturing the best plays from the recent history of NBA with each card of the game coming with stats and a video highlight. Before opening to the public, the game closed its beta for the users and purchased 43,000 randomized packs of cards which brought NBA top Shot about $2 million in revenue. Pransky’s purchase wasn’t the first one regarding LeBron James. Lebron’s moments were some of the most expensive cards that were traded so far. Four have gone upwards of $2000 with the most expensive one being the “LeBron James Cosmis Dunk” that goes for $5000.

Much like the regular trading card game, NBA Top Shot Moments are launched in sets with limited runs and the growing popularity recently incentivized NBA Top Shot to enable collectors to hold the unopened packs for trading. The tokens were the first product to launch on the Flow blockchain by Dapper Labs. Flow was conceived by the team responsible for the creation of CryptoKitties. Over $5 million dollars were traded through NBA Top Shot since they were opened to the public.