NBA Top Shot Moments Now Independently Verifiable on IPFS

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 day ago

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Decentralized Storage: NBA Top Shot has announced that all Moments are now stored on the decentralized IPFS network, allowing every video highlight, thumbnail, and metadata to be independently verified by anyone, thereby enhancing the authenticity and durability of digital collectibles.
Asset Permanence: By migrating all minted Moments to IPFS, Dapper Labs ensures the permanence of each digital asset, mitigating the risk of asset loss due to platform shutdowns, which significantly boosts user confidence in digital collectibles.
Verification Mechanism: Users can verify the authenticity of any NBA Top Shot Moment through the IPFS Reference App without needing an account or permission, a mechanism that not only enhances user experience but also sets a new standard for ownership of digital assets.
Future Outlook: All newly minted Moments will be linked to IPFS media from the outset, and Dapper Labs plans to extend this architecture across all products, further solidifying its leadership position in the digital collectibles market.

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Technical Analysis for FLOW

Technical Sentiment Analysis for Flow (FLOW). As of , Flow (FLOW) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for FLOW stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, FLOW is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Flow (FLOW) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0194	0.0219	0.0248	0.0273	0.0301	0.0326	0.0355
Fibonacci	0.0219	0.024	0.0252	0.0273	0.0293	0.0306	0.0326

About FLOW

Flow is a layer one blockchain designed from the ground up for consumer apps and the digital assets that power them. The network runs on a Proof of Stake consensus mechanism with a unique 'multi-role' architecture that solves the blockchain trilemma, balancing scalability, efficiency, and cost.FLOW ($FLOW) is the native utility token that is used for:Fees for processing transactions and storing data.Buying, selling, and trading assets on FlowStaking and delegating to secure the networkFlow tools include:Cadence, a purpose-built smart contract programming language designed for consumer-grade applicationsFull EVM equivalence, allowing anything from Ethereum to work on FlowProtocol-level account abstraction and mobile support for onboarding new usersCross-chain interoperability with the wider web3 ecosystemDeveloper hub with comprehensive documentation and tools

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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