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The Top-10 Moments From 2022 In The NBA Fastbreak on FanNation

Whereas High Shot makes use of decentralized blockchain expertise to make it simpler for customers to hint and confirm the authenticity and shortage of their digital collectibles, this challenge’s enterprise operations are pretty centralized at their base. The NBA selects which sport highlights may be made right into a Second, and works with Dapper Labs to determine what number of Moments they need to mint for every spotlight. That is at present a time-consuming, handbook course of, and the High Shot crew is contemplating new methods to standardize it — and even to include followers into the decision-making course of sooner or later. The platform is run using Dapper Labs’s Flow blockchain, and gives users the ability to trade digital assets based on video clips from NBA games.

“Well, it was celebrating,” Doncic said, if you can’t open the tweet above. “But, honestly, a lot of people asked me about this back in the locker room. I thought we won it. So when I went to the crowd like this, I thought we had won the game. But when I saw the score, I was like, ‘Oh.’ I didn’t know what to do.” Whether they’re a local Magic fan or a Collector from far and wide, the Magic Team Community is making an effort to make sure all members of the community feel welcomed to the Top Shot family. Turning Magic dreams into reality is something that iRacer77 focuses on when it comes to enhancing the overall fan experience for Magic Top Shot Collectors. As a Team Captain, iRacer77 played a big part in bringing Just_Glyding in for this experience, which they were able to experience together.

BREAKING: Star Player Ruled Out For Celtics-Thunder Game

NBA High Shot faucets into an enthusiastic client base, and drives blockchain adoption by decreasing limitations to entry, requiring minimal understanding of the underlying expertise itself. That mentioned, the platform’s underlying blockchain expertise supplies a number of irreplicable advantages to NBA High Shot prospects by enabling a wide selection of cutting-edge options. NBA High Shot is a joint digital collectibles enterprise between the Nationwide Basketball Affiliation and Dapper Labs, the latter of which launched the pioneering non-fungible token buying and selling platform CryptoKitties in 2017.

nba top shop

A Second’s traceable historical past begins the second it’s minted by Dapper Labs. From there on out, the Second’s value historical past, possession, and time-stamped transaction file might be completely logged on the blockchain. This provenance, along with every Second’s distinctive serial code, helps to make sure that every Second is provably distinctive and non-fungible. Such a complete provenance construction is feasible as a result of each High Shot Second is an NFT. These blockchain-enabled collectibles permit customers to show shortage and possession in a digital world that has traditionally been inundated with unsanctioned file duplications and unrestricted content-sharing. Along with the High Shot crew’s future improvement plans, a number of NBA gamers have additionally seen the worth in High Pictures and are contributing to the challenge in their very own methods.

For more information on the Magic Team Community, check them out here. To learn more about joning your team’s Fan Community, start here. To watch a recap of Just_Glyding’s experience in Orlando, click here.

You can go online and print a copy of the Mona Lisa, but it’s nowhere near as valuable—or prestigious—as what is telcoin owning the real thing. It’s that pride of ownership that sets NBA Top Shot Moments apart.

#4 Luka Doncic’s Heroic 60-Point, 21-Rebound, 10-Assist Night – December 27, 2022

Past performance is not a reliable predictor of future results, especially if the market is cooling off. Like trading cards, Moments are finite, and NBA Top Shot determines how many to release at once. So, getting a Moment that’s 1 in 49 is more valuable than one that’s 1 in 11,000. Boston looked like they were in control of this series by stealing the first game on the road in San Francisco and then winning Game 3 at home to go up 2-1 on the Warriors, but then Golden State’s experience and championship pedigree showed up.

  • In different phrases, whereas every High Shot Second can at present be described as a cross between a buying and selling card and a video clip, these NFTs are slated to function new functionalities and advantages as High Shot evolves over time.
  • To watch a recap of Just_Glyding’s experience in Orlando, click here.
  • He is one of the most beloved players in the entire league not just from fans, but from his competitors as well.
  • Doncic has been making history left and right this NBA season and this past Tuesday, he had one of the most unique performances we have ever seen in league history.
  • It’s that pride of ownership that sets NBA Top Shot Moments apart.

Whereas NFTs have been making a splash on the planet of tremendous artwork, High Shot has efficiently tapped into one thing much less intellectual, and probably much more accessible to the mainstream. High Shot has additionally been criticized for the way in which the platform handles withdrawals. Although the platform has generated a whole lot of tens of millions of ’ value of gross sales, as of March 2021, solely $18.7 million had been withdrawn from High Shot. In keeping with the High Shot crew, this delay stems from the truth that the platform permits customers to make funds utilizing each fiat currencies and digital property. Because of this, all withdrawal requests are topic to heavy compliance checks to watch for cases of nefarious exercise.

Giannis Antetokounmpo Makes NBA History In Bucks-Wizards Game On Tuesday Night

High Shot makes a revenue from pack gross sales, and in addition collects a 5% charge for every P2P trade. These revenues are divided among the many NBA, Dapper Labs, the Nationwide Basketball Gamers Affiliation , and out of doors buyers (though the precise proportions of this fund distribution haven’t been disclosed). Potential for financial gains aside, those who are truly passionate about NBA basketball and collecting Moments of their favorite players and game highlights have the potential to benefit from the sheer joy of the pastime. As with any investment, it’s entirely possible to lose money on NBA Top Shot’s NFTs. Some collectors have reported purchasing packs, then discovering the Moments inside are worth less than the cost of the pack itself.

Moments are digital and stored online, so they can’t be damaged or stolen, nor will they degrade over time like physical cards. Their authenticity is already verified on the blockchain—there’s no need for a costly grading process. Like physical trading cards, Moments’ value depends on supply and demand. Moments produced in greater quantities, or featuring lesser-known players, aren’t worth as much as a LeBron dunk. NBA Top Shot also hosts a healthy secondary marketplace where fans can buy, sell, trade, or gift packs or individual Moments. Brett Siegel joined Fastbreak on FanNation as a credentialed NBA journalist in April 2022 after previously covering the NBA for NBA Analysis Network and working with Louisville Basketball, aiding in daily operations, scouting and recruiting.

nba top shop

From the behind-the-scenes interviews with all these legends to the pictures they took with one another, this was an iconic moment for the NBA and it should continue to inspire future generations for many years, decades and centuries to come. One of the coolest moments of 2022 in the NBA was during the All-Star Game. A moment that gives you goosebumps every time you look back on it. Every report you hear is not always 100 percent factual and at some point, every single one of us journalists and reporters get something wrong, but we have to give a lot of credit to Brian Windhorst for the job he did speculating about and talking about Utah here. The dunk contest, three-point shooting contest and other events were just alright this year, but aside from the 75th anniversary team coming out on the floor together, which we will touch on a little bit later, the All-Star Game itself was a spectacle to see.

Klay Thompson nets 54, Warriors win on Looney’s tip

Wherever you are, you can be confident in your loyalty to your favorite team, and cheer them on from any setting. Our NBA Top Jersey Store offers authentic NBA clothing in men’s women’s and youth sizes, so it is bound to have the perfect fit for you and everyone in your family. Jerseys, t-shirts, jackets, hats, polo shirts, hoodie with team colors and logos, all licensed NBA player accessories we’ve got it. Visit or browse our store, which have newly-released styles apparel for you to choose from. From coaching Team USA to Olympic gold to winning five championships with San Antonio to then becoming first on the NBA’s most wins list by a head coach, Popovich has had the best career any coach has ever had in this league.

Luka thought tying shot vs. Knicks was a game-winner

First of all, don’t ever let Luka fool you into thinking he didn’t know what to do on a basketball court. Over the last 20 years, in fact, 13,885 teams trailed a game by at least nine with 35 or fewer seconds to play, and the Mavericks are the only one to come back to win. Moreover, if a consumer violates the phrases of service, High Shot can droop or delete that consumer’s account and Moments from the platform with out advance discover. In different phrases, whereas the monitor file of every Second is virtually tamper-proof — even for the NBA or Dapper Labs — the High Shot crew has the flexibility to destroy Moments if it deems the phrases of service have been violated.

Moreover, NBA High Shot is designing new methods for folks to work together with and use their Moments. Dapper Labs is at present engaged on an immersive gaming expertise referred to as “Hardcourt,” which is able to permit customers to create their very own customized NBA Moments basketball groups and use their Moments to improve their gamers’ talents. With Hardcourt, customers would have the ability to management their gamers in a digital basketball court docket, take part in on-line tournaments, and presumably even compete for the possibility to win further uncommon Moments.

Top 4 Ways to Save Gas Fees While Buying NFT – Coins To Use

As a Top Shot VIP, Just_Glyding’s collection and dedication to the team is something that other Magic fans also take pride in. Get the best highlights and stories – yeah, just the good stuff handpicked by our team to start your day. Investors and collectors seeking to diversify their holdings may consider taking a small position in NFTs.

The Spurs were and have not been anything special through the years, but when you think of coaching in the sport of basketball, it is hard not to think of Popovich and all the accomplishments he has had in his career. Those who do not watch ESPN’s day-time shows may not understand this one, but ESPN’s Brian Windhorst took the NBA world by storm with his appearance on First Take during the summer. Morant is one of the best athletes in the entire NBA and against the Los Angeles Lakers on a big stage, he made one of the most athletic plays you will ever see in league history. Kevin Durant’s ability to score from anywhere on the floor is truly something we have never seen from a 7-footer before and even after suffering an Achilles injury in 2019, Durant is still playing at an MVP-level. There are so many other dunks we could list that Morant had this year, but the Grizzlies’ All-Star continues to be one of the young, rising faces of the league.


Interest Expense: A Simple Definition And Why Its Important

Walmart also breaks down its interest expense into debt interest expense and finance lease interest expense– which amount to $1.787 billion and $341 million in the fiscal year 2023. With $254 million in interest income for 2023, the net interest expense is $1.874 billion. Principal is the amount of money borrowed, while interest is the cost of borrowing that money.

  • More equity and less debt would probably improve both financial and macroeconomic stability.
  • Company tax paid is netted against income tax owed so the total tax paid on distributions is equal the individuals income tax rate.
  • Simple interest is a straightforward way of calculating the cost of borrowing money.
  • Heavily indebted companies may have a hard time serving their debt loads during economic downturns.
  • Inaccurate interest expense calculations can disrupt your cash flow management.

We spotlighted the tools that streamline these calculations, emphasizing the indispensable role of accounting software. This technological ally not only automates calculations but also offers real-time tracking, user-friendly interfaces, and integration with financial and payment systems. Modern accounting software provides real-time data tracking capabilities, allowing businesses to monitor changes in principal amounts, interest rates, and time periods as they occur. This real-time visibility empowers financial teams to make informed decisions promptly, adapting to dynamic market conditions or evolving business needs. Most commonly, interest expense arises out of company borrowing money. However, another transaction that generates interest expense is the use of capital leases.

Interest Terminology

It may also be time to look at your business plan and make sure it can accommodate rate increases. Otherwise, staying profitable and growing your business could prove challenging. While mortgage interest is tax-deductible in the United States, it is not tax-deductible in Canada. The loan’s purpose is activity ratios definition formula also critical in determining the tax-deductibility of interest expense. This is a great time to try and maximize what you’re earning on your savings. For starters, certificate of deposit (CD) and high-yield savings account rates are significantly higher than they were just a couple of years ago.

  • Operating expenses include costs for maintenance, utilities, rent, employee payroll, etc, that have to do with the regular day-to-day activities of a business.
  • This real-time visibility empowers financial teams to make informed decisions promptly, adapting to dynamic market conditions or evolving business needs.
  • Borrowing is the same as not using equity, and as such the loan simply enables the equity holders to do something else with their money.
  • Interest expense is an account on a business’s income statement that shows the total amount of interest owing on a loan.
  • The effective annual interest rate is the total interest a company can expect to pay out on a loan or other debt obligation after taking into account compounding interest over the year.
  • Interest expense is one of the core expenses found in the income statement.

A also thereafter incurs a $5,000 cash charge per year, which reduces its net cash flow and thus its annual income by $5,000. To recognize this, this cash flow expense is deducted against its cash flow income, so A is taxed only on its real net income. The answer is that in an income tax system, as a matter of principle, when interest is an expense of producing taxable income it is subtracted from same in order to accurately compute net taxable income. The two scenarios that you present are not exactly equivalent and therefore would not be expected to have the same treatment.

This is a good indicator that the company will have no problems covering its interest expense obligations with its operating income. If the same company takes on debt and has an interest cost of $500,000 their new EBT will be $500,000 (with a tax rate of 30%), and their taxes payable will now be only $150,000. Interest is a reduction to net income on the income statement, and is tax-deductible for income tax purposes.

Optimize tax deductions

A higher ratio indicates that a company has a better capacity to cover its interest expense. There is a huge difference in kind between debt financing and equity financing. Modigliani Miller doesn’t claim that there is no difference between debt and equity financing, it just says that the value of the firm is not affected by debt versus equity financing.

Any time you borrow money, whether from an individual, another business, or a bank, you’ll have to repay it with interest. The interest part of your debt is recognized as an interest expense in your business’ income statement. For example, if a company has a total of $100 million in debt at a fixed interest rate of 8%, the annual interest expense is calculated by multiplying the average debt principal by the interest rate. Interest Expense represents the periodic costs incurred by a borrower as part of a debt financing arrangement. Conceptually, interest expense is the cost of raising capital in the form of debt.

Generally, both the interest and dividends earned on savings accounts is considered taxable income, according to the IRS, which means that you’re on the hook for taxes on the earnings each year. So, if you’re using a high-yield savings account to earn hefty interest right now, chances are good that you’ll need to pay taxes on what you earn. It’s pretty clear to me why mortgage interest is tax deductible–homeowners (and builders, realtors, bankers, etc.) are a very powerful special interest group. Why is business interest deductible against taxes on business earnings?

Interest Expenses: How They Work, Coverage Ratio Explained

Conversely, if interest has been paid in advance, it would appear in the “current assets” section as a prepaid item. Fully avoiding taxes on savings account interest may be challenging, given the prevailing tax regulations. However, a nuanced understanding of the tax landscape, combined with strategic financial planning, may enable you to deploy legitimate strategies to reduce your tax burden.

What Is the Difference between Interest Expense and Interest Payable?

Note that there are some corporate taxes (I believe some Canadian life insurance or something strange like that) that are based on revenue, not net income. But revenue taxes can be perceived as unfair because “it takes money to make money” so you can end up paying more in the revenue tax than you have left after paying for basic things like salaries. We need to think of debtors as part owners, since they get the assets in bankruptcy. After all, most equity owners don’t get the assets in most cases either, and their dividends are equivalent to interest. When interest is deductible to businesses, then it should be deductible to individuals too, since individuals borrow money to make investments in their life, essentially like businesses.

Generate detailed reports on interest expense, including breakdowns of principal amounts, interest rates, and time periods. These reports help internal decision-making and serve as valuable documentation for audits and compliance. Inaccurate interest expense calculations can lead to misleading financial statements.

Diversification of investments goes beyond the conventional approach and offers an opportunity to create a tax-efficient portfolio. For example, index funds and tax-managed mutual funds are designed to minimize taxable events, making them conducive to creating a tax-friendly environment for wealth accumulation. These investments are structured to limit capital gains distributions, providing a level of control over the tax implications of the overall portfolio. Timing withdrawals strategically can also help to optimize tax efficiency.