He coaches shooting in NBA. I asked him about this because when I was growing up we were taught to hold the ball about eyebrow height or higher and then release from there.
He used Steph Curry as an example of a shooter with a chest high release point and talked about how you can get the shot off quicker, more accurate and longer range from there. Trae Young is another example.
Obviously you are not hitting fade away corner 3 jumpers like Kobe with those mechanics. But they are definitely taught that way now. Textbook.