
Julian Dorey Podcast
#37 - Nick Gurol - NBA Top Shot, The NFT Market, & Dapper Labs
Wed, 03 Mar 2021
Nick Gurol is an investor and teacher. Recently, Gurol was an early investor in NBA Top Shot NFTs. Dapper Labs, in partnership with the NBA & NBAPA, launched Top Shot in July 2019––and the market has seen a major influx of participants and capital in early 2021. Gurol is also known for his 2017 national public feud with Brooklyn Nets All-Star Guard, Kyrie Irving, over Irving's claims that the earth is flat. ***TIMESTAMPS*** 6:06 - NBA Top Shot intro; NFTs; Dapper Labs & The Flow Protocol on the Ethereum blockchain; Hardcourt & Fantasy sports 15:22 - How Nick got involved in NBA Top Shot; Jonathan Bales & his original newsletter on NBA Top Shot; How the secondary market works; The NBA Ad campaign for Top Shot; The Daily Fantasy Sports community influx into Top Shot 23:05 - Series 1, Series 2 & Common, Rare, and Legendary Top Shot classes; How the NBA Top Shot Moments work; Dapper Labs Dr. Seuss project; NFTs and video games; The value of NFTs and Top Shot Moments; Scarcity 32:25 - How the Top Shot website and market works; Could the exchange be hacked?; Dapper’s fight against bots on the site; Coinbase and Mt. Gox exchange examples 39:40 - Dapper Labs valuation; The theories behind the NBA halting their ads; The timeline of the NBA Top Shot explosion into the mainstream; The pack drop that bombed; Examples of Moments in packs 44:45 - Gurol’s “proprietary algorithm” for uncovering outliers in the NBA Top Shot Moments Market; Revisiting Rare, Common, & Legendary levels; Steph Curry 3-Pointer Moment’s crazy price 49:26 - Gurol’s investment; Revisiting Michael Lewis’ Flashboys book; Why Nick is bullish on Top Shot and the NFT Market; The grind and work behind Top Shot investing; When Gurol knew it was time to sell many of his moments 59:39 - Status of current Top Shot market cycle; Money Laundering protocols Dapper Labs has in place; Fine Art and historical use for money laundering, tax evasion, etc.; NFT Market hard to hide things? 1:04:34 - The timing of Top Shot’s rise; Revisiting the Gamestop, Reddit, Robinhood saga; Is the Top Shot market at a “top?”; Peak sales on Top Shot; The sports card market, PSA, Starstock, and the higher barriers to entry there 1:16:37 - Jared Dillian, The Seafood Tower Theory, & The Taxi Driver Theory 1:25:46 - The NBA’s marketability moving forward; Top Shot restriction in China?; Anthony Fenu, Riley Horvath, Justin Baker, & Soar’s potential in the NFT market with volumetric content, holograms, and 3D capabilities; “Friction” and why Top Shot is a better investment than sports cards 1:49:29 - Dapper Labs 5% “rake” on transactions; Flow Protocol and its scalability with dollar integration; Cryptokitties; NFTs explained definitively; Sam Merrill’s Top Shot Moments 1:57:21 - Gurol’s national public feud with Kyrie Irving over his flat earth belief; The elaboration likelihood model; The psychology behind changing your mind; Anchoring; the 3 Doors Test; The effects low barriers to entry on public platforms has on our discourse; Reporting and journal
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