Yesterday at Consensus 2021, Dapper Labs CEO Roham Gharegozlou said that the NBA Top Shot non-fungible token (NFT) app had passed a million registered users. However, not all are yet paying users, with half having purchased something so far.
Revenues are approaching $700 million, with the bulk of that figure in player-to-player transactions as opposed to directly buying from the app in ‘drops’. While a small number of NFTs trade for more than $100,000, Gharegozlou was keen to emphasize that two-thirds of the 4.5 million transactions to date are for less than $50, with some as little as a dollar.
Gharegozlou said the daily credit card spend is still low, implying that most are using cryptocurrencies to make purchases.
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