NBA TopShot opens to public after closed beta drives $2M in NFT sales

NBA Top Shot, the officially licensed crypto collectibles from the team behind CryptoKitties, has opened its beta version to the public.

NBA TopShot, the flagship non-fungible token-powered game built by Dapper Labs on their Flow blockchain, has launched in open beta.

The transition to public beta came on October 1, alongside Top Shot's launch on the Samsung Galaxy Store.

Top Shot is the first app offering blockchain-based collectibles to launch on Samsung's mobile shop.

Top Shot allows users to collect multi-media "Moments" of varying scarcity representing significant highlights across basketball's history.

The limited edition tokens feature video and statistics depicting an event - like a buzzer beater shot - with users able to unlock extremely rare tokens by completing particular "Sets" of tokens showcasing related moments.

"NBA Top Shot, on a scalable blockchain like Flow, is the first time fans can own a piece of the on-court action."

Top Shot's 17,000 closed beta users have purchased nearly 43,000 packs of NFTs so far, driving more than $2 million in revenue.

The first wave similarly sold out in just minutes, driving more than $40,000 worth of sales on September 28.

Top Shot's "Early adopters" common base set also sold out this past week, following Dapper's announcement that any unsold packs from the closed beta period would be burned prior to the platform opening up to the public.