$30 Trillion incoming to Web3

Who are the rugged Apes??!

Author

The Triple Scoop
July 14, 2023

The Triple Scoop

This Newsletter was brought to you by The Rugged Apes

GM to 41 new readers who joined us since our last issue. Thanks to everyone who continues to support & share Scoop with Frenzz..

SCOOPS OF THE WEEK 

⛓️ NFT’s

  • Get Protocol Raises $4.5m To Fund Ticketmaster Rivalry

  • Google Play To Allow NFTs In Apps & Games

  • Ether Adopts Sell-Out Approach

👨‍💻 WEB3

  • Snoop Dog’s $20m Music Platform Partnership With a16z

  • Binance Labs Invests $15M in Web3 Gaming Startup Xterio

  • On-Chain: Kid Safe Chat Bots For NFTs

🪙 CRYPTO

  • Ripple Surges 96% Due to SEC Win

  • Bitcoin & Crypto Stocks Soar on the Back of Ripple Win

  • Crypto Braced for $30 Trillion Dollar Earthquake

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The Rugged Apes

Welcome to the rugged apes!! Who are they?

The Rugged Apes, are just like you. Let us explain...

Rug pulls, wallet drainers, phishing links, pump N dumps, fake giveaways. We have all been victims of something on this list. But why? Why is this a universal experience in the NFT space?

The answer is simple. LACK OF EDUCATION.

The Rugged Apes intend to fill that gap by building our own educational platform. Reserving exclusive access for our holders, they will simultaneously educate the broader NFT space. The Rugged Apes believe it's integral for newcomers to have access to free educational content as it facilitates a smoother and safer onboarding process to benefit the entirety of the Web 3 space.

The project’s long-term goal is to expand beyond Web 3 though, allowing courses on any topic to attract a diverse community. To facilitate this, they will introduce a learn-to-earn mechanism with a token supported by the advertising revenue the platform brings in. You can earn tokens by watching and creating courses, passing quizzes, and more.

The E-learning Market is expected to twofold by 2028 to almost 500 billion dollars. A piece of the pie is waiting for us. Are you as hungry as the Rugged Apes?

(More details about the roadmap are in the medium article below. And no, don’t worry it’s not a copy-paste roadmap you’ve read a million times before)

Post Mint Roadmap

The mint is complete. Now what?

medium.com/@theruggedapes/post-mint-roadmap-1e27dd511995

⛓️ NFT’s

  • NFT Total Market Cap $6.42B - 24/hour change +4.75%

  • Volume Traded 24/hours - $14.4M +44.91%

  • Sentiment has picked up a few points, but something bigger is afoot.

  • The crypto market is very bullish right now which is a good thing for NFTs.

  • $30 Trillion worth of liquidity could be set to flow into the crypto industry & subsequently, Web3 is going to benefit.

  • Bullish markets attract excitement & liquidity to the markets, where does liquidity flow? Naturally, as Eth increases in value, NFTs are going to benefit significantly.

  • More attention to Web3 in general will naturally drive speculation.

  • Onwards and upwards for the market.

🍦SCOOP PREMIUM IS COMING

Very soon we will be launching Triple Scoop Premium

Dont worry! Nothing changes for our free readers, but for those who are interested in extra sprinkles & a cherry on top for less than the cost of an ice cream per letter, you can expect scoops of the following additional content

  • Regular In-depth review of pre-launch projects

  • NFT & Crypto Trends Predictions

  • Undervalued NFT projects picks.

  • Undervalued Crypto ALT coin picks

⛓️ NFTs

At a glance 🔎 

  • Get Protocol, an NFT Ticketing company is launching its “Web2.5” alternative to Ticketmaster.

  • So far, over 4 million tickets have been sold on the platform which includes celebrities such as Ne-Yo and Lewis Capaldi.

  • The raised funding created an agreement between Get Protocol and the Tezos Foundation where Tezos will be the default blockchain, although others can be used.

    🕵️ Scoops take:

This is a $77bn industry and the more NFTs involved the better.

It wouldn’t be an enjoyable customer experience if we only had one representative within the industry, so as per usual, the more rivalries fighting for the top spot, the better for us as each will be trying to outdo the other in getting custom.

The project is taking the right steps with the introduction of Web2.5, there is no absolute rush to get this right and the slow easing will help in onboarding the masses.

 

Google Play To Allow NFTs In Apps & Games

At a glance 🔎

  • The giants have announced a change to the current policy regarding Tokenized digital assets that will see NFTs feature.

  • Developers will be able to incorporate NFTs into apps and games within the store.

  • Apps and Games that will contain NFTs will have to state that there are blockchain-based elements in the app.

    🕵️ Scoops take:

It is vital for the future of the space that the largest technology companies are all in and with Google shifting its policy to the drastic effect it has is a huge boost to the industry as a whole.

We have recently seen Apple also adopt a much more positive NFT/Web3 approach as well so we are going to go through that consumers are the real winners’ motion again.

For mass adoption to work, we need the largest companies to come on board and thrive so there’s no better news for the stability of the future.

 

At a glance 🔎 

  • The launch which took place last week was not a success with the supply cut from 10k to 5.5k

  • Only 2075 had been minted

  • The project decided to have a Dutch Auction on the 12th of July with a supply of 1655 starting at 0.45 ETH

  • Every holder who missed out on the new pricing was airdropped an extra NFT for each one they held.

  • The remaining 1655 item collection sold out in under 20 minutes ending at 0.3ETH so all who bought about 0.3 will be refunded.

    🕵️ Scoops take:

As we highlighted, red flags appear when you hit one of the two criteria, never mind both, which are reducing the collection and pausing the mint.

When one or both of the above occur, the space is onto you like a flash, FUD inevitably comes and the project is then on a massive upward struggle.

To the project’s credit, they came up with a way to shift the remaining collection and now have a foundation to build on.

What will be disappointing for them is that the price is floating at 0.26 ETH, which is below the initial and new mint prices, so the upward struggle isn’t quite navigated.

With quick positive changes made, the project’s head team certainly acted quickly and efficiently so we hope they can build on this moving forward.

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THREAD OF THE WEEK

Lamboland is always delivering high-quality content, Ideas & curated information around the Web3 industry.

This week we explore the most painful moments in Web3 history

🌐 WEB3

At a glance 🔎

  • Web3 music platform, Sound, secured $20 million in Series A funding from Andreessen Horowitz, Snoop Dogg, Ashton Kutcher-led firm Sound Ventures, and others.

  • Sound uses blockchain to connect musicians directly with fans, allowing artists to mint and sell their songs as NFTs. Since its beta launch in 2022, Sound claims to have facilitated $5.5 million in direct music sales.

  • The funding will be used to expand artist relations, marketing, and engineering teams as the platform prepares to fully launch. Artists can use Ethereum and layer two solutions, Optimism, to mint their songs on-chain and sell them for ETH without requiring fans to create a wallet.

🕵️ Scoops take:

The recent $20M funding round for Sound heralds an exciting juncture in the Web3 music ecosystem. Harnessing blockchain to empower artists, it levels the playing field by eradicating intermediaries. This democratization of music ownership, with artists minting their songs as NFTs and selling directly to fans, is a monumental shift from traditional models. The involvement of influential figures like Snoop Dogg and Ashton Kutcher further validates the platform's potential, fueling optimism for a more equitable music industry. As Sound expands, we can look forward to a burgeoning landscape where creativity flourishes, and artists reap the full rewards of their work.

Binance Labs Invests $15M in Web3 Gaming Startup Xterio

  • Binance Labs, the investment arm of Binance, has committed to a $15 million investment into Xterio, a Web3 gaming platform and publisher, to boost game and technology development, including AI integration and token launch.

  • Xterio offers a free-to-play gaming platform and a GameFi-as-a-service product, and plans to expand its AI-driven interactive experience and develop an AI toolkit for generating 2D and 3D assets.

  • As part of this strategic partnership, Binance Labs will support Xterio’s growth and the startup's token will be integrated into the BNB Chain ecosystem. This follows Xterio's previous funding round in August 2022, where it raised $40 million.

🕵️ Scoops take:

Binance Labs' $15M investment in Web3 gaming startup Xterio signals a clear recognition of the potential of AI and blockchain in reshaping the gaming industry. By leveraging AI to generate consistent, high-quality assets and integrating blockchain for an on-chain gaming experience, Xterio positions itself at the crossroads of two profound technological trends. Furthermore, this collaboration expands the BNB Chain ecosystem, reinforcing Binance's role as a key player in Web3 advancements. As gaming continues to converge with the blockchain, we can anticipate more such partnerships that will further propel us into a future where entertainment is deeply intertwined with cutting-edge tech.

At a glance 🔎

  • OnChain Studios is integrating a child-safe AI chatbot called ChatGuardian into its Cryptoys NFTs, allowing children to safely interact with their digital toys while learning about digital ownership and NFT mechanics.

  • Parents can use ChatGuardian to control and restrict the use of certain keywords and topics, enhancing the safety of their children's digital environment.

  • The studio, known for creating kid-friendly NFTs based on popular franchises like Mattel’s He-Man and Star Wars, sees this move as a way to familiarize the younger generation with the often complex concepts of digital assets in a safe and enjoyable way.

    🕵️ Scoops take:

    OnChain Studios' decision to integrate a child-safe AI chatbot into their NFT ecosystem exemplifies the fusion of fun, learning, and safety within the evolving Web3 space. By allowing children to safely engage with their NFTs, OnChain Studios is creating an interactive playground where the future digital natives can learn about the nuances of digital ownership and NFT mechanics. This approach is not just ingenious, but also necessary. As we tread further into the Web3 era, it's paramount that we create a safe and enjoyable environment for the younger generation to explore, understand, and thrive in this new digital frontier.

🪙 CRYPTO CRUNCH

Interested in learning to trade? Click below to join our affiliated Crypto & Forex trading Discord group - The Take Prophet Collective

  • Crypto Total Market Cap $1.25T - 24/hour change +4.99%

  • Volume Traded 24/hours - $72.6B +131.98%

  • The news that $XRP isn’t deemed a security by the SEC is major and unleashed a wave of confidence across the markets yesterday.

  • Pretty much the whole market turned green upon the release of the positive news. Bitcoin & Eth rallied with Alts doing what Alts do rallying as much as 20-100%

  • Bitcoin pushed up to $31,800, and has since retraced to the lower 31s.

  • The next key level is $32K, can the bulls do it?

  • Most of the crypto Twitter is elated right now, and the chance of a pullback is getting more slim if we break $32K

  • If we clearly break $32K - the next is target is $34-35K.

  • Some analysts still think a pull back to the $28-29K levels.

  • Regardless the next 12 months are going to very very exciting.

    Crypto narratives to focus on this summer

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😡 THE REKT SECTION 😡

Alex Mashinsky

If you have been here a while you will know all too well about Celsius’s ongoing Bankruptcy case. What you may not know, is who was behind the company.

Step forward, Alex Mashinsky.

The former CEO of Celsius is now at the centre of a lawsuit.

He was recently found guilty by the Commodity Futures Trading Commission who concluded that Alex broke numerous regulations misleading investors causing millions of dollars in losses.

Legal experts have already commented on the lawsuit that has just been launched against Mashinksy, stating that given the scale of capital involved, he could be facing 15-20 years.

We can’t say for sure how this one will pan out and it’s not our place either, all we hope is those who lost funds with Celsius get their due rewards.

🏆 WEEKLY WINNER 🏆

Ripple Labs

There is only one place for this piece of news to go, if we had a Hall of Fame it would be inducted straight away.

There was a landmark decision made in the Court yesterday where the Judge ruled that the XRP token is not a security, but only in regards to programmatic sales on digital asset exchanges.

This conflict goes back years, December 2020 to be precise when the SEC filed a lawsuit claiming that XRP was a security that needed additional regulation.

The eyes of the Crypto world were on this case as if XRP was going to be found to be a security then there was a whole host of regulations coming.

What this victory for Ripple has done is let the rest of the space breathe and rejoice in Tokens being traded as non-securities. The future is now looking far more promising with some formal clarity regarding regulations.

Exchanges didn’t wait a minute to get the token re-listed on their websites with Coinbase re-enabling trading immediately. Binance never delisted XRP so some traders have been able to continually trade the token so there will be plenty of profit stories coming out.

The news could be felt by them more than Ripple as their Token pumped immediately following the decision from $0.45 to $0.88 before retracing a little back to $0.79.

A huge step towards a promising future.

And that's a wrap for today gang!

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

~ Scoop~

How did we do?
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*Disclaimer*

The Triple Scoop newsletter & podcast is not financial advice, it is provided for educational, informational, and entertainment purposes only.