NFL ALL DAY surpassed NBA Top Shot in NFT sales for the first time in August. This has put NBA Top Shot at risk of losing its top spot on the Flow blockchain.
NFL ALL DAY and NBA Top Shots are NFTs on the Flow blockchain. As one of the leading NFT blockchains in terms of sales, Flow has sold over $1 billion in digital collectibles to 463,091 unique buyers across 23 million transactions.
As the new collection on Flow, NFL ALL DAY generated about $7.3 million in August. This is the highest level in 4 months since sales of the collection plummeted. Previously, in April revenue reached $7.5 million.
Meanwhile, NBA Top Shot hit a 20-month low after grossing around $7 million. The last time this collection generated monthly revenue of less than $7 million was in December 2020.
NFL ALL DAY attracts more buyers
NFL ALL DAY had 16,745 new buyers while Top Shot attracted only 15,369 buyers.
This disparity can be attributed to the NFL ALL DAY Series 1, Headliners package drop on Aug. 12 featuring legendary moments by Derrick Henry, Jalen Ramsey, Trevor Lawrence, Derek Carr, Jonathan Taylor and Zach Wilson.
NFL ALL DAY was launched at the beta stage in December 2021 before its public release in August. NBA Top Shot has been on the market since May 5, 2020, and the total revenue has surpassed more than $1 billion.
Although the total number of NBA Top Shot transactions (423,164) is higher than nfl ALL DAY (173,809 transactions), the average transaction value of NFL ALL DAY ($42.07) is 2.5 times that of NBA TOP SHOT ($16.64).
Will NBA Top Shot hold on to the top spot on Flow?
As of September 18, NBA Top Shot had grossed $2.9 million while NFL ALL DAY had regional revenue of $8.3 million.
With less than two weeks to go until the end of September, sales of NFL ALL DAY could be 5 times more than NBA Top Shots when October begins.
NFL ALL DAY’s total revenue is only around $50 million – 20 times lower than NBA Top Shot – the top 10 NFT collections by revenue count.
NFL ALL DAY rises
Sales from NFL ALL DAY were first tracked in February 2022 and have surpassed CryptoKitties, crypto Unicorns, Chain Runners, Panini America, and Ape Kids Club.
However, NFL ALL DAY is still far behind more mainstream projects such as CryptoPunks, Otherdeeds, Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club, Axie Infinity, and Moonbirds.
NFL ALL DAY helps recover Flow’s price
FLOW opened on February 1 with a trading price of $6.80 and soared to $8.65 before Russia invaded Ukraine resulting in a significant drop in the price of the cryptocurrency.
In the months that followed, FLOW fell to $1.22 and traded below $2 in the third week of September.
Overall, FLOW has reduced its price by more than 70% since the collection’s release.
Several experts have opened up about the competitive potential of NFL ALL DAY.
“It will undoubtedly add value to the Flow ecosystem, these are two of the biggest franchises in world sport. The mass exposure and adoption that NFL ALL DAY will bring to the chain are priceless. Flow has done well to ensure they provide the right platform to keep organizations like that on their chain,” said Philip Gunwhy, CMO of Farcana, a blockchain gaming Metaverse.
Sebastian Menge, the COO of Fitburn gave his opinion; “Today’s events look like a battle between the NBA and the NFL. It’s worth noting that the NFL ALL DAY is a more recent project, and that’s why it generates more hype. Top Shot NBA is a project that had its highest, if I recall correctly, about a year ago or in February 2021.”
Menge concluded, “That was the reason behind the community’s interest and the main reason that NFL ALL DAY has outperformed TOP SHOT NBA at this point. Flow blockchain or Flow ecosystem, in turn, profits from every new project that creates hype. But whether that hype will be permanent, you may never know, as it needs constant fueling.”