flpx

NBA Top Shot Moments will now be permanently stored on IPFS, a decentralized network, making each one a collectible that exists in perpetuity – independent of any single entity. Every video highlight, the thumbnail, and metadata. Built in collaboration with the NBA and Dapper Labs, this is expected to be announced this week. Explainer follows. IPFS (InterPlanetary File System) is a decentralized, peer-to-peer storage network used to store, share, and access files and data without relying on central servers. IPFS is made of multiple IPFS nodes, so no one entity can control what is shared on the network, this allows immutability (unchangeable data) and permanence - but only if the data is pinned to at least one node. Pinning is what turns "accessible in theory" into "accessible permanently." The more a Moment is requested, the more nodes it passes through, and the more opportunities for it to be pinned organically by others. This can also be done deliberately through a pinning service as well, and Dapper Labs would likely use one or several of these to ensure redundancy. Whenever a node wants to share content on IPFS, it runs the content through a cryptographic hash and returns a CID (Content Identifier). The CID is tied to the content itself – change anything at all, and you get a completely different CID – this is what makes it tamper-proof. Moments will have a public CID, so anyone can independently verify the media is authentic and access the original files directly – no middleman needed. Moments will become decentralized IPFS-pinned assets to ensure they remain accessible forever, so even if Dapper Labs ceased operations, your collectibles would still exist and be retrievable, no matter what.

@EdventureTime @CardAficionado Top shot moments will live on. IPFS announcement coming this week to confirm collectible permanence in perpetuity.

A small beauty that we take for granted in digital collecting – instant liquidity. A collector jumped on the secondary marketplace and grabbed a sealed Freshman Gems Case Topper pack for $625 – the original owner was able to cash out their investment with a nice monetary gain and the buyer took a shot. The Reveal: #1 Freshman Gems Kon Knueppel 💎 There was already a standing $1,900 offer on the Moment, but within minutes, another buyer slid in and grabbed it for $2,007. On-chain transparency, instantly settled, all in under an hour. The market moves at internet speed, not postal speed. No grading backlog or 'lottery' on grade. No shipping risk. No “lost in the mail.” No insurance claims or chargebacks. No wondering if the corner got dinged in transit. No return fraud. No “item not as described.” No worrying about scamming from the buyer after delivery. Just instant provenance, instant liquidity, and instant flex.

Seems like we are now seeing this all the time. People act like digital collectibles have no utility, but this is a major component of the utility. SECURITY!!!

The top 15 all time in career points per 75 possessions (minimum 5,000 minutes played).

@KingsofCardio Eastbound & Down

What's the greatest sports show ever?

Digital collectibles are not securities. 🍻

The attention that Paolo Banchero draws when he’s on the ball is exactly why Orlando bet on him as their cornerstone You can see how much Dort is cheating off his man in case Paolo gets down hill, and Paolo capitalized on that by kicking it to the corner

so smooth

Jalen Suggs remains one of the most underrated players in the NBA. Even forgetting the defense -- which is truly elite -- for a second: The way he helps organize Orlando's offense is massive for the Magic.

Imagne sitting on your couch & every card ever produced is available on your phone. No counterfeits, all PSA10s. Every buyer & every seller can buy & sell instantaneously.Your entire collection isn’t stored in a closet or a vault. It sits right in your hand, 24-7-365. @nbatopshot

Dejounte Murray Desmond Bane Trey Murphy Derik Queen Goga Bitadze Jeremiah Fears Bryce Mcgowans Saddiq Bey Karlo Maktovich Yves Missi Jordan Hawkins Micah Peavy Deandre Jordan Trey Alexander

Steph Castle’s head literally in the rim

COOPER FLAGG SOARS TO THE RIM 🚀

@CardAficionado Absolutely. Reading these comments makes me smile.

Some gems in the comments 😂

@Dm_Cards_ @CardAficionado pretty strong argument. can't argue with that.

@CardAficionado how about just digital cards suck, is that more acceptable of a reason?

It's kind of crazy you still have physical collectors going with "lol, right-click save" regarding digital collectibles. It's such a stupid argument. Here's why: * They already understand the nature of value exceeding the underlying asset. They spend thousands on printed cardboard. * They already understand that ownership is the key to the whole thing. * They already understand that if someone takes a screenshot of the card they have in a vault, prints out a photo they posted to brag about their stuff, or took the card and made a photo-quality copy of it that person would not have the same thing as the card. * They even understand that some cards made from the same material, depicting the same image, but created after the card was originally made (aka, reprint) has a different value than the first one. Their entire collection is based on the exact same foundation as digital collectibles. I know this because I've collected physical for almost 45 years. And they still go with that. Just be honest and say "Digital isn't for me" or express their fear about considering digital. I can at least respect that argument.

Yea, the same colossal damage, that the dotcom bubble did to the internet. People said exactly the same. Pretty fun to see this play out .. again.