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- BORED APED HACKED AGAIN! + ILLUVIUM LAND SALE + SNEAKERHEADS PUBLIC RAFFLE INSIDE
BORED APED HACKED AGAIN! + ILLUVIUM LAND SALE + SNEAKERHEADS PUBLIC RAFFLE INSIDE
Disclaimer
The information contained in this NFT Scoop newsletter or podcast is not financial advice, it is provided for educational, informational, and entertainment purposes only.
The information contained in or provided from or through this website and podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.
NFTâs can be highly illiquid markets, causing sharp drops in prices due to changes in narratives and trends.
Weekly Market Update
As the above chart shows, the NFT market over the last 7 days was less erratic than in previous weeks and trended in a more consistent fashion. However, there are continued signs of volatility. The % of projects with decreased listings was the most erratic in the middle of last week then rose sharply going into the weekend before leveling back off. The sharp rise of % of projects with decreased listings suggests a mix of holders were becoming a little less bullish in their holdings and holders freeing up some liquid for secondary markets. The increase in the % of projects with increased volume has risen quite sharply over the last couple of days which would suggest some positive movement in the secondary market is to be expected. A continued theme for this week is that free mints are still showing dominance.
NFT Scoops of The Week
The English Premier League Kicks things off this week!
The EPL âEnglish Premier leagueâ officially submits trademark applications for NFTs & digital assets.
More global brands are increasingly showing interest in non-fungible tokens (NFTs) and the metaverse as part of opening more avenues to connect with fans.
In this line, the English Premier League (EPL), one of the most-watched sports leagues globally, is the latest entity to venture into the metaverse with two filings before the United States Patent and Trademark Office (USPTO).
On the 4th of June, the Bored Ape team took to Twitter to advise that their Discord had been hacked.
The statement read as follows:
âOur Discord servers were briefly exploited today. The team caught and addressed it quickly. About 200 ETH worth of NFTs appears to have been impacted. We are still investigating, but if you were impactedâ
What we know so far is that the community manager Boris Vagner's Discord account was breached and the below message was posted onto a channel within the Discord. As you can see below, the âofficial websiteâ was the phishing link and allowed the hackers to execute their plan.
We remind all users to remain vigilant when clicking on websites. As the space continues to grow there will be more sophisticated phishing attacks that appear to be credible.
For those not familiar with Illuvium, they are described as an open-world fantasy battle game built on the Ethereum blockchain. Credited as perhaps the first AAA game on Ethereum, the company aims to deliver a source of entertainment to both casual gamers and hardcore DeFi fans through a range of collecting and trading features which include incorporating NFTs.
They have held a land sale over the last week and announced on their Twitter that over $72m dollars had been raised.
To be more specific, the sale occurred between June 2 and June 5, 2022. Of the 20,000 plots of land available, 19,969 were sold, with the remaining 31 plots of land to be held for future giveaways.
Illuvium took pride in their announcement by informing block capitals that no gas war occurred. The reason for this is because Illuvium incorporates the Immutable engine, built by scaling tech developer Immutable, to reduce NFT transaction fees and allow self-custody of NFTs.
By all means a very successful land sale. Comparing the same to the Otherdeed land sale which was marked with criticism surrounding the huge gas wars at the time (see our newsletter 03/05/22 Breaking news section), it is excellent to see investors have a flawless experience.
We attach a link to the collection and as you will note, Illuvitars and Illuvials are coming soon so keep your eyes peeled for the next developmentâŠ.. we will of course be there in case you miss it!
NFT Gallery to open in Mayfair
The NFT Gallery has announced that they are set to open in June.
They announced the following:
âThe NFT Gallery is a space for collectors and creators alike to purchase, produce and learn about NFTs and digital art. We combine sensational artists, technology, and teams to speak to the traditional art world audiences and new collectors. By opening a physical gallery in Mayfair, the heart of the London art scene, we provide a place for collectors to build their NFT collections accepting payment in both Crypto and FIAT currency. Being a female-led space, we champion female participation in the NFT and digital art market.â
The 1st exhibition is set to open on the 9th of June running until the 22nd of July and is titled âSurface Tensionâ
We attach a list of the artists involved, each possessing an impressive story.
Snoop Dogg and Food Fighters Universe have announced plans to open Dr. Bombayâs Sweet Exploration, an âimmersive retail dessert experienceâ.
Food Fighters Universe was created by the founders of Bored & Hungry the first eatery inspired by a Bored Ape Yacht Club NFT which opened in Los Angeles on April 9th, 2022.
The name Dr. Bombayâs Sweet Exploration suggests that this plan has been in the pipeline for a while as Dr. Bombay is the name that Snoop Doog gave his Bored Ape Yacht Club avatar.
With two eateries soon to be in the real world, we would expect further expansion plans in the near to immediate future. As we all know, those involved with the Bored Ape Yacht Club donât sit still.
The Winnerâs Circle
As per our alpha section in our previous newsletter, âHolders of the famous Goblin Town NFT will be able to claim the second stage of the project titled McGoblin Burger today. Given that Goblin Town has sparked the Free mint frenzy then it could be worth picking up a Mcgoblin Burger Item on the secondary. Mystery surrounds what these NFT claims will be used for. From what we can see they will either be a Mcgoblin Burger, Fairy wings Fries or Drink. Whilst this all may sound insane, the Goblins have pioneered a free mint movement, and love them or hate them, the team is very talented & we would bet this is not their first Rodeo.â
Well, the drop came and Burgers were the chosen avatar for the free drop.
The bizarreness / uniqueness continues with the bio reading as follows â yummmie yumss da burgur es deelishus tu eet wit da dreenk an da side yu cn eet et anee tiem an steel tasts graet even eef yu dun liek dem butt maebe eet dem ur sumtink mite heppan we dunt knoâ
Onto the stats, the free airdrop was to no surprise a success, with the floor immediately floating between 1.4 Eth and 1.6 ETH with the highest sale being 5ETH.
At the time of release, the total worth of holding a goblin and a burger reached a peak of 9Eth which is quite remarkable from a free drop, especially with the team offering no roadmap, guidance, or promises.
We (and for that matter anyone) cannot say what will be next in line for this project in terms of the immediate future but as the benchmark for the free mint craze that will immerse itself into the space, we imagine that the team will not want to let this title go and will continue to surprise us with whatever else they have up their sleeve.
If you have not seen the avatar for the burger, then look no further:
This Newsletterâs second entry this week is yup you guessed itâŠ.. another free mint.
The project We are all going to die has taken a similar idea to Goblin-Town by stating âno website, free mint, no map, only deathâ
The project began minting on 3rd June at the grand total cost of $0.00 (obviously) and quickly sold out the 6,666 collections and the art is following a pixelated theme with eerie avatars.
The Floor opened at 0.38 ETH rapidly rose to 1.65 ETH and has now settled at 1.1ETH. The most notable sale has been item 5805 which sold for a remarkable 8ETH.
Even though there is no roadmap and no website which would usually come across as concerning we are currently in a trend and more of the same is to be expected.
What should be noted regarding this project is the number of holders also being Blue Chip NFT holders. The below chart shows that these projects are being taken seriously and rightly so, they are on-trend, unpredictable, and have brought a wave of excitement to the bear market.
Again, it is impossible to predict what happens next, all that we can confirm is that there is a real excitement amongst the space.
Floors to Watch
In a previous newsletter, we analysed what Adidas have been building and that an airdrop for holders of âInto The Metaverse collectionâ would be imminent. Well, as of this week, that airdrop discussed has occurred and delivered holders a value of around 0.5eth if they chose to sell now. This is exactly as we predicted and further to this, it looks like this one may have some ties to BAYC. After the announcement, BAYC was quick to retweet their partnersâ tweet and it has led to some speculation that BAYC is involved to some extent with this airdrop. While we donât have any information to prove that, we do believe that BAYC and other partners will be involved in the project throughout the roadmap. We are bullish on Adidas long-term, it is expected that there will be another airdrop in Phase 2, another two during Phases 3 and 4, and the highly anticipated Adidas PFP. Thus, considering holders could have sold this airdrop for 0.5-0.8eth during the first day, another 3 or 4 airdrops could return holders multiple ETH in value and is one of Web3âs safest plays. The airdrop itself is a funny one, as we said Adidas already said the Capsule will have utility in the form of game theory in the ecosystem. However, no more information is known than that. We do not wish to speculate on things we donât have information on so we will leave it there. Aside from the airdrop, the genesis Adidas has held value extremely well. Normally after airdrops, you expect to see a big sell-off and a dip in floor price. However, the floor has actually increased to around 1.25eth. In a long-term view, we think this will go much higher than 1.25eth. The project is going to be integrated into a bigger platform and will work with the biggest and best names in the space. Holders will get priority to this. We predict this is them speaking about a potential metaverse and working with their collaborative partners such as BAYC and Prada. As we did months ago, we urge you not to sleep on Adidas. Itâs undervalued and if they keep delivering it will not stay at this entry price forever.
Another project that we encouraged a bear market purchase in was Murakami Flowers. Well for those that have been watching the market this week then they will have seen that Murakami has been on the move, in a positive direction! News of an upcoming airdrop has been released and we have those details for you. A snapshot will occur on June 12th to confirm the wallet selection for the airdrop. We expect the floor to steadily climb until the 12th. Then we expect a swift sell-off after the deadline which will trigger a great buy-in point. Thus, there will be two great trading opportunities that present itself next week. Murakami increased from a floor of around 2.7eth to over 5eth after the announcement of the airdrop. It has since retraced to around 4eth. We expect it to go down a little more then increase until the snapshot. After the snapshot, a buy-in around 2eth would be a great investment.
Alpha
We found a great pre-mint raffle for you to sign-up for. âSneakerheads isnât just a brand. It isnât just a collection. Born from the mind of Ali Dawood - they are creating Web 3.0âs largest sneaker community. One that gives power to the creators and the community. Starting with 5000 avatars, and 42 distinct models, Sneakerheads is a canvas for collaborations, physical and digital, bringing real utility to sneaker culture.â
The Requirements:
0.25eth in your wallet.
Following @sneakerheadsoff on Twitter.
Join the Sneaker Heads Discord.
Key Details:
Registration closes on: June 13th, 2022, at 4 pm UTC
The mint price is 0.25eth.
The raffle takes place on June 16th, 2022, at 7 pm UTC.
Mint is on June 18th, 2022, at 6 pm UTC.
There will be 500 winners in the raffle.
You can check out their website here. Good luck in the raffle!