Michael Jordan recently made an investment of 305 million dollars in a company called NBA Top Shot. NBA top shot is the latest craze in the digital cryptocurrency space.
How it works is you as a fan are essentially purchasing a digital version of an NBA game moment.
Whether it’s an infamous Michael Jordan dunk, a three point shot, a block etc.
The question on a lot of people’s minds though is:
Why should I go and purchase a quote unquote game moment when I can go and watch them for free on YouTube?
Well my answer to that is I would like to own a piece of Basketball history, especially if it is a history that involves one of the greatest basketball player’s of all time in Michael Jordan.
I am interested to see how Jordan’s investment help NBA Top Shot as it is a relatively new concept in the Sporting world.
Will it pick up steam like Bitcoin and other cryptocurrencies or will it just be another fade?
Let’s wait and see.