Today, NBA Top Shot hit $500M in Marketplace Sales. It's a notable accomplishment
It took 256 Days.
It's been a quick (yet long) road to get to this point, featuring:
Record Breaking Events
Platform Scale Issues
300k+ New Users
Thread on how we got here
@nbatopshot

It took 256 Days.
It's been a quick (yet long) road to get to this point, featuring:



Thread on how we got here

@nbatopshot

First Day of the @NBA Finals.

The Marketplace peaked at $79k in 24H and was followed by an off-season lull
It took 2+ months to hit that figure again

Dec 22: With new season came the @raf_tyler promo (first with a player)
Start of 2021 also featured:
First Legendary S2
Rookie Badge Blog
Hours-long sell outs of S2 Base Packs (shocking!)
Below is a chart from Jan 15. Everyone was excited.
But it was just starting...
Start of 2021 also featured:



Below is a chart from Jan 15. Everyone was excited.
But it was just starting...
Many people credit the @BalesFootball blog with being the linchpin that started it all.
It dropped Jan 19
Short term, the flurry of newcomers was astonishing. The MP peaked 6 days later on January 24 with a $7M day
Long term, it had just begun...
It dropped Jan 19

Short term, the flurry of newcomers was astonishing. The MP peaked 6 days later on January 24 with a $7M day

Long term, it had just begun...
Zooming out, Jan 19-24 was but a blip.
The 3-week dip that followed saw pack drop + MP woes
It was painful.
But it was a build up to the true explosion:
Feb 15-18 | All major NA sports outlets cover TS
Feb 18 | @joshhart becomes aware of TS
Feb 19 | All 15000 CC go LE
The 3-week dip that followed saw pack drop + MP woes

But it was a build up to the true explosion:



By end of February there had been 1.8M+ transactions on the MP
And NBA Top Shot was mainstream
So much that the @NBA announced the 2021 Rising Stars
roster on the platform.
Heck it even got a mention from @FriedgeHNIC
But all was not peachy... https://twitter.com/TheReelPhilD/status/1365843986464784387

And NBA Top Shot was mainstream

So much that the @NBA announced the 2021 Rising Stars

Heck it even got a mention from @FriedgeHNIC

But all was not peachy... https://twitter.com/TheReelPhilD/status/1365843986464784387
Through both Feb + March, the platform was mired with performance issues.
Top Shot had to deal with major scale problems like:
Slow withdrawal access
Bots and DDOS
Multi account/gaming
And of course: Pack Drop problems
. In less than a month, a queue system was born.
Top Shot had to deal with major scale problems like:



And of course: Pack Drop problems

Sidenote: The issues are ongoing. They are improving but long way to go.
Some believe there is lack of objectivity from community voices. Personally I will do my best there, and think it's OK to be excited long term but openly discuss short term issues. We must show both sides.
Some believe there is lack of objectivity from community voices. Personally I will do my best there, and think it's OK to be excited long term but openly discuss short term issues. We must show both sides.
March 2021: Tons happened
Issues noted above
3x different All Star Game Drops (Supply Saturation)
Marketplace Cool Downs (Volume killer)
Overall Market Dip
And DESPITE ALL THAT we still saw:
Multiple $10M+ days on MP
180k+ Unique Buyers (most of them real)




And DESPITE ALL THAT we still saw:


April 2021: Modern Day
Gifting is revamped
40k+ have withdrawal access
Bad actors being exposed
And even on a quiet day we are seeing $2M in volume.
More importantly, it really feels like this community has galvanized
Those that are still here will stay long term.



And even on a quiet day we are seeing $2M in volume.
More importantly, it really feels like this community has galvanized

What Comes Next
Of course I will say this: the future is bright.
Playoffs are 6 weeks away
Marketing might soon be "turned on"
Whispers of added Utility for the Moments
The next $500M will happen faster than we think. And likely way smoother.
Enjoy the ride.

Of course I will say this: the future is bright.



The next $500M will happen faster than we think. And likely way smoother.
Enjoy the ride.
Honourable Mentions
The purely chaotic events that have made this a once-in-a-lifetime experience:
Cool Cats 1 Price Watch
12:15am PT Stress Test
"KAT" Cats news
SHAQ news
Rookie Badge Day
+ shoutout to the squad in @TheFirstMint network & across the community

The purely chaotic events that have made this a once-in-a-lifetime experience:





+ shoutout to the squad in @TheFirstMint network & across the community
Here is the Hart tweet, for reference
[End of Thread] https://twitter.com/joshhart/status/1362536129128505351
[End of Thread] https://twitter.com/joshhart/status/1362536129128505351