Why LeBron James’ NFT auction has the potential to shatter Top Shot records.

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Three Legendary NBA Top Shot NFTs will be auctioned off in the near future, including one that holds the record for the most lucrative Top Shot moment ever sold.

House of Kibaa, a nonfungible token studio, has revealed an auction of three “Legendary” NBA Top Shot NFTs featuring slam dunks by famed pro basketball player, LeBron James.

The auction will be hosted in partnership with Heritage Auctions, and will run from May 6 until May 20. The three NFTs will be auctioned off as a single collection. Each of the tokens were released during the first season of NBA Top Shot and are of Legendary scarcity — the rarest tokens that Top Shot collectors can own.

NBA Top Shot has grown in popularity since its closed beta introduction in June 2020, followed by a three-month transition to open beta.

Top Shot had total revenue of more than $230 million by March 2021. Top Shot’s secondary peer-to-peer platform, according to CryptoSlam, sees more than $1.8 million in transactions every day on a 30-day rotating average, with Legendary tokens fetching six-figure rates in recent months.

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House of Kibaa spokesperson, T.C. Lau, described the offering as “the largest auction sale in NBA Top Shot history,” noting that each of the tokenized moments have serial numbers that “hold a great significance to the late Los Angeles Lakers star, Kobe Bryant.” The tokens to be auctioned boast the serial numbers #26, #41, and #42.

The #26 token represents James’ classic “Kobe Bryant Tribute Dunk” on February 6, in which James executed the same “break away, reverse windmill, two-handed slam dunk” popularised by Bryant in the same arena about 19 years ago.

Bryant’s death date, January 26, 2020, is also referenced by the #26 serial number. The #26 serial will never be in circulation again for a Kobe Tribute NBA Top Shot moment, according to the release.

After being auctioned for $387,600 on April 16, a #3 serial Legendary token representing the same tribute dunk from the same series set a new record for the most expensive NBA Top Shot moment sold.

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The #42 NFT shows LeBron leading the Lakers to their 17th NBA title in the 2020 NBA playoffs. The Lakers secured their first championship since Bryant won his fifth and final NBA crown with the franchise almost a decade ago, with James promising to deliver the victory in celebration of Bryant’s legacy. Bryant will have been #42 at the time, lending weight to the NFT’s serial.

The last token up for bid has the serial number #41 and was the first Legendary LeBron NFT minted by Top Shot. The NFT shows James dunk two days before he and Bryant were pictured together at the next Lakers game. Bryant was 41 years old at the time of the dunk.

During the May 15 ceremony for Kobe Bryant’s posthumous induction into the Naismith Basketball Hall of Fame, the auction will be open.

 

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