Non-fungible tokens, or NFTs, took off within sports during the spring. The market has since calmed down, but investors still see a future within sports.
covering the Top Shot market and bid $100,000 on the LeBron dunk highlight, of NFTs. “I have bought into this, I have sold out of this, I still hold some of this, but yes indeed. How many dunks has LeBron James had this year?”
As it relates to Top Shot, the market blew up in the spring, reaching heights that no one expected. It has since calmed down, and Poland said steps have been taken to make sure more digital cards are available for sale so demand doesn’t immediately spike resale prices. But items such as the LeBron dunk will continue to hold long-term value.“I don’t think that’s been for sale in at least three months,” he said. “These people are holding it.
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