NBA Top Shot seemed like a slam dunk — so why are some collectors crying foul?
In February 2021, Jesse Schwarz bought a Top Shot NFT of LeBron James dunking for $208,000, setting a record. It was the most expensive sale in the platform’s short history; at the time, the average price of a Moment — Top Shot lingo for an NFT — was $181.81, according to CryptoSlam. “To invest and set that record with the $208,000 purchase on LeBron just was an awesome Moment as a fan but obviously as an investor, too,” Schwarz told me then.
“The purchase I made about a year ago, that was kind of the peak.”
One of the…