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SCOOPS OF THE WEEK 

⛓️ NFT’s

• Reddit selling over 18 Million NFTs

• Deploy 10 NFTs per day with Binance.

• Proof Announces New Grails Edition

👨‍💻 WEB3

• Ubisoft To Launch First Web3 Game

• McDonald’s Launched McNuggets land In Sandbox

• Nevada Woman Sentenced For Bitcoin Hitman Plot

🪙 CRYPTO

• Crypto Influencer found dead & chopped up in a suitcase

• Is the worry over Worldcoin warranted?

• Greyscale Urges SEC to approve all Bitcoin ETFs simultaneously

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⛓️ NFT’s

• NFT Total Market Cap $5.86B - 24/hour change -0.91%

• Volume Traded 24/hours - $7.6M -12.3%

• Green, green, grasss! BAYC, Azuki, MAYC, DeGods, and Milady are totally owning the volume charts and staying strong like superheroes!

• QQL mint pass just went BOOM! It's up a whopping 17% and soaring at 9ETH! Folks are rushing into the party!

• Hold up, big news! Check out those massive sales - a jaw-dropping 75ETH BAYC sale took place and a cool 52ETH BAYC sale follow. Rare apes are making it rain!

• But we can’t forget about Art! Vera Molnar's theme & Variations drop is a total showstopper! From a humble 1ETH mint to a dazzling 6ETH floor price! Bravo, Vera, you have stolen the show

• Gen art is on fire! The creative geniuses are slaying it like bosses! Keep shining, you artsy wonders!

• Alright, that's a wrap for the week! Now go out, have a blast this weekend, and don't forget to touch some grass! Catch you on Tuesday!

Whales Are Scooping up:

• HV-MTL

• Bored Ape Yacht Club

• Azuki Elementals

• Azuki

• Mutant Ape Yacht Club

Reddit Sells Over 18 Million NFTs & Announces New Collection

At a glance 🔎 

• Reddit launches "Retro Reimagined," the Gen 4 drop of its Collectible Avatars with artistic variations of the "Snoo" mascot from various creators.

• The drop includes NFTs based on the Cool Cats PFP project and artist Micah Johnson's Aku NFT character.

• NFT avatars are limited edition releases, priced between $2.49 and $199.99, with many collections selling out.

• Reddit has made changes for the latest drop, limiting purchases on the first day based on account age and using CAPTCHA verification to deter bots.

• Reddit's Polygon-based Collectible Avatars have seen over 18.2 million minted and $33.6 million worth traded on secondary markets, showcasing the platform's success in NFT adoption.

  🕵️ Scoops take:

Reddit avatars have often been faded by the wider Crypto Twitter, we mean Crypto (X) community, but you cannot deny how the number of normies they have successfully onboarded to Web3 seamlessly.

It can be argued that the social giant has done more for Web3 than any other project or platform in the space to date.

Should you mint a Reddit avatar when they drop a new collection? Well, the answer is, it depends, not perhaps the answer you are looking for.

You have to consider Reddit avatars have a high supply of NFTs, but within that, some are significantly more rare than others.

Given market conditions, if you are looking for a quick flip. We would say Reddit avatars are probably not the one. Despite Reddit mania a few months back, the market is in a significantly different space so we don’t expect this launch to be a quick profit.

Deploy your own NFTs with Binance

At a glance 🔎

• Binance's NFT arm launches "Bixel," an AI NFT generator for custom artworks using AI technology.

• Users must complete KYC identity verification to access the tool and pay a minting fee of 0.008 BNB (approximately $1.90) for creating NFTs.

• The platform provides 10 free daily chances for users to produce art using the AI NFT generator.

• Binance faced allegations of stealing the AI NFT generator idea, which the exchange denied, stating that "Bicasso" was developed independently before the hackathon.

  🕵️ Scoops take:

Fancy yourself as a bit of a Picasso? Or a Bicasso perhaps.

Despite being one of the biggest Crypto trading platforms in the world & facing scrutiny worldwide, Binance still continues to support & innovate in the NFT space, making it easier for users to buy NFTs but not only that, now actively participate as artists.

Currently, NFTs are dominated by Art & PFPs, and Binance now allows users to produce art on a daily, however, we feel NFTs will come back round in a new format.

If you have read Scoop for any amount of time you will know that we believe that the market is bored of PFPs & Art getting produced. Whilst we love this innovation from Binance, we can’t help but think it’s only flooding the market further with valueless Jpegs.

Proof Announces New Grails Season

At a glance 🔎

• Proof unveils the fourth edition of its Grails digital art series, featuring the work of 20 unidentified artists.

• The artists' identities will be revealed after the minting process, which takes place from August 7-10, producing a maximum supply of 1,075 NFTs.

• A live reveal event on August 11 will disclose the participating artists and their creations, with generative art collections produced using the Art Blocks engine.

Cyber Kongs Genkai Needs to Reduce Mint Size Last Minute.. Sign of the times?

At a glance 🔎

Ronin:

• 3,000 minted at 0.25 ETH

• 1,000 airdropped to Mystic holders (vesting for 180 days)

• 3,000 airdropped to minters (vesting for 180 days)

ETH:

• 7,000 airdropped to holders (vesting for 180 days)

• 3,000 minted at 0.25 ETH

• 3,000 airdropped to minters (vesting for 180 days)

• The team adjusted the supply due to the high initial ask of 0.25 ETH in the current market.

• The mintable ETH supply was reduced from 9k to 3k.

• Minters on both ETH and Ronin receive an additional Genkai as an airdrop.

• The airdropped Genkais vest for 180 days.

• 🕵️ Scoops take:

In a world of wild swings and plummeting bags, people are now super cautious with their precious ETH. It doesn't matter what the product is or its supposed value; folks are wary of their ability to sell minted NFTs on the secondary, especially for new collections.

Having a kick-ass team, big plans, OG status, and past successes just isn't enough anymore. People are bored with the same old mints and standard roadmaps. It's gonna take something fresh and exciting to light up this space again.

Kudos to Kongz for launching during this rough patch! Selling out 20k supply with a price cut is still quite the feat in this market. Have they taken a bullet for the industry? Their mint has conducted a huge experiment that revealed the market's state, mood, and desires. It's a goldmine of knowledge for all builders out there.

THREAD OF THE WEEK

Elon Musk isn’t just the world’s richest man, he has also made people millionaires in a very short space of time.

When he announced the rebranding & change of Twitter to ‘X’ people profited massively.

Check below how this crypto wallet went from $642 to $580K

🌐 WEB3

Amazon Expands Web3 Cloud Tools

At a glance 🔎

• Amazon has introduced "Access" and "Query" tools to Amazon Managed Blockchain (AMB) to simplify the development of blockchain-based Web3 software.

• AMB Access expands node offerings, allowing developers to interact with digital assets across multiple blockchains, initially supporting the Bitcoin network.

• AMB Query provides developers with access to blockchain data across multiple chains, starting with Bitcoin and Ethereum, aimed at uses in crypto applications and NFT-based Web3 consumer engagement campaigns.

🕵️ Scoops take:

Amazon's move into Web3 infrastructure is a major nod to blockchain's growing mainstream acceptance. Their new tools "Access" and "Query" offer a user-friendly gateway to the tech, thereby paving the way for the widespread adoption of Web3 applications. What stands out is the company's intention to initially support Bitcoin's network, showing a vote of confidence for the original cryptocurrency. Moreover, the proposed services suggest a future where interacting with blockchain technology is as seamless as using traditional cloud services, which could spark a new wave of innovation in fields like crypto wallets or NFT campaigns, making blockchain more accessible for all.

2 Month Old Web3 Startup Values at $1.2BN

At a glance 🔎

• Web3 startup Zyber 365, launched in May 2023, has become India's first unicorn of the year, raising $100 million at a valuation of $1.2 billion.

• The funding round was led by UK-based SRAM & MRAM Group, which plans to use the funds to enhance Zyber 365's tech capabilities and global presence.

• However, SRAM & MRAM Group is facing allegations of fraud, casting doubts over its ability to finance the deals it has announced.

🕵️ Scoops take:

Zyber 365's rapid ascension to unicorn status is a testament to the growing influence and potential of Web3 technologies. By blending AI, cybersecurity, and blockchain, they are paving the way for new digital infrastructure. However, their success story is tinged with caution, as the significant investment comes from a group currently facing fraud allegations. This serves as a reminder that while the promise of Web3 is enormous, navigating this new frontier requires careful due diligence and a measured approach to ensure that the technology's potential is realized without falling prey to unscrupulous practices.

CBDC’s Have Got The Banks Worried

At a glance 🔎

• Banks are concerned that central bank digital currencies (CBDCs) could challenge their existence, by enabling individuals and businesses to transact directly with central banks and diluting private banking institutions' control over money.

• CBDCs could potentially prevent banking crises and improve financial stability. However, if depositors shift their funds to central banks during an economic shock, smaller banks could lose clients, potentially worsening financial instability.

• There's a possibility that banks could serve as intermediaries between CBDC platforms and consumers, which might allow them to profit from the new technology. However, this largely depends on central banks' decisions.

🕵️ Scoops take:

In the unfolding narrative of central bank digital currencies (CBDCs), banks find themselves in an ironic predicament. They're anxious about a future where CBDCs, designed to centralize control over money flow, could erode their traditional roles. However, rather than simply viewing CBDCs as existential threats, this moment could be a catalyst for innovation, driving banks to become necessary intermediaries in the CBDC ecosystem. Even as central banks tread into uncharted waters, it's crucial for traditional banks to reimagine their purpose and adapt. This financial evolution isn't a zero-sum game — both CBDCs and traditional banks can co-exist, creating a more robust, inclusive, and resilient financial system.

🪙 CRYPTO CRUNCH

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• Crypto Total Market Cap $1.18T - 24/hour change 0.03%

• Volume Traded 24/hours - $26.64B -15.1%

• Still chopping around the low $29K regions and Bitcoin feels heavy right now. A long-awaited pullback is likely.

• We are long-term bullish, but short-term cautious right now until the market gives clear signs of a new direction, which we hope is up only season.

• We will begin to deploy capital at our target of $27K - $28.5 $BTC levels.

• At that point, we will go heavy on ALTs that correspond with the narratives we have highlighted below.

• The opportunity that presents itself in the lead-up to the Bitcoin Halving in 2024 will be life-changing and we are super excited.

  Want to understand the tokens we are buying? Consider trying Scoop Premium below with a 14-day free trial.

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  Crypto narratives to focus on this summer

• - Telegram BOTs tokens.

• - AI Tokens

• - Decentralised Exchange Tokens

• - Liquid Staking derivatives projects

• - Metaverse & gaming tokens

• - RWA - Real-world Asset tokens

• - Cross Chain Projects

• - ‘Real Yield’ Bearing tokens/projects

  Top stories

• Crypto Influencer found dead & chopped up in a suitcase

• Is the worry over Worldcoin warranted?

• Greyscale Urges SEC to approve all Bitcoin ETFs simultaneously

😡 THE REKT SECTION 😡

FERNANDO PEREZ ALGABA

If there was ever a definition of being down bad. This is it.

In a shocking and gruesome incident, dismembered body parts of a crypto millionaire have been found stuffed in a suitcase near a stream in Buenos Aires, Argentina. The chilling discovery was made by a group of children playing in the area.

The victim, Fernando Pérez Algaba, was a well-known cryptocurrency influencer and entrepreneur, who had made a fortune through luxury vehicle rentals and digital coin sales. He had gone missing on July 18, leaving his family and friends deeply concerned.

The suitcase containing Algaba's remains was found last Sunday, and to add to the horror, his head was discovered floating downstream in a rucksack just a few days later on Wednesday. The local media and authorities have been closely following this disturbing case.

Authorities were able to identify Algaba, who was 41 years old, through his tattoos and fingerprints. An autopsy revealed the grim truth that he had been shot at least three times before the horrifying dismemberment took place.

The incident has sent shockwaves through the community, and investigations are underway to bring those responsible to justice.

🏆 WEEKLY WINNER 🏆

PROJECT: UNIBOT

The Telegram Trading Bot project $unibot has has a meteric rise over the past couple of months. Unibot were one of the first projects to kick off the telegram trading bot narrative.

Telegram trading bots allow for individuals to trade DEX only (hard to reach) crypto currency which arnt available on centralised exchanges directly in telegram and also allow traders to set certain buy & sell orders, executing trades instantly, without having to interact with dencentralised exchanges. Since inception, which was just a few months ago, the project has risen to an impressive $154 Million market cap and has launched a new narrative within the crypto space.

An investment of just $1000 70 days ago in $unibot would have returned $4M today.

And that's a wrap for today gang!

Love and sprinkles as always, catch you back here soon for the latest

~ Scoop~

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