NBA Topshot - What's Next?

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NBA Topshot was obviously really big at the beginning of last year. And it really pushed, like a lot of people say that NBA Topshot was the catalyst for NFTs, sales taking off in the first place. But when the first kind of like NFT micro-bulrun ended, they never recovered volume-wise because all of that action went to Ethereum based marketplaces and exchanges. So I think it's interesting that the NBA is trying to basically invest in a platform through So Rare that is putting their trading card platform on ETH.

Welcome to Chain Reaction, where we unpack and explain the latest in crypto news, drama and trends, breaking things down block by block for the crypto curious.

For our Thursday episode focused on major news topics this week, we discussed the latest drama surrounding crypto mega exchange Binance which is making its presence known in the stablecoin game and shaking up the ecosystem as it looks to muscle its way to supremacy. We also covered:

Sorare gets into NBA fantasy sports thanks to a new partnership with the league. Can Sorare beat out Dapper’s NBA Top Shot?
MicroStrategy ex-CEO and Bitcoin bull billionaire Michael Saylor sued for tax fraud by DC Attorney General; the government estimates Saylor may owe as much as $100 million in income taxes to DC.

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Chain Reaction comes out every Thursday at 12:00 p.m. ET, so be sure to subscribe to us on Apple Podcasts, Spotify or your favorite pod platform to keep up with the action.