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NBA Top Shot sales revenue fell by more than $10M in February

2022/03/07 14:21

NBA Top Shot recorded approximately $47.5 million during the second month of 2022, according to BeInCrypto Research. Sales for February declined by $11.4 million from January, a staggering 19.35% decrease. Total sales revenue in February 2021 was $224 million, a 452% spike in the sales recorded from the first month of 2021. From the statistics provided, it can be deduced that NBA Top Shot saw a year-on-year decrease of 78% in February and an 82% decrease from the yearly high in February up to the last day of 2021. Three factors contributed to the fall in sales revenue for NBA Top Shot — increasing supply, a decline in market prices for the moments, and a massive drop in unique buyers.
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