GM Scoop Family. You've been missed. Now let's dive in.

🍦STATE OF THE MARKET

We had a flurry of crypto price surges this week. $ETH is up a staggering 17% in the last 7 days, we hope you have been dollar cost averaging 😉. As for other tokens.. $Doge.. Well of course $Doge is up 35%! Something to do with Elon maybe? King Bitcoin is up 6.2% in the last 7 days too!

There has definitely been excitement across Twitter. Traders, Influencers & Investors who have been hibernating through the 'Bear' are rising up after a long deep slumber, and rightly so, these types of % moves on such large assets are huge, especially when compared to the market we experienced. Yup things are certainly looking more buoyant across Crypto, is it a relief rally? Is it the end of the Bear market? We shall see and keep you informed.

As far as the NFT markets there are now more traders in profit than those in losses across the last 30 days, and some collections have been making a rally themselves.

The NFT markets have been consolidating for a while, but just recently we have seen a slight uptick in the 'NFT Blue Chip Index", combined with the crypto markets heating up we may begin to see the NFT markets heating up once again.

🍦SCOOPS OF THE WEEK

🍦The NFT Scoop Refferal Program! - Win NFTs by sharing the Scoop!

🍦Elon Musk Buys Twitter

🍦UK Votes to Recognize Bitcoin and Crypto as Regulated Financial Instruments

🍦Google Introduces Blockchain Node Engine

🍦NFT Vending Machine

🍦Looks Rare To Cease Creator Royalties

The NFT Scoop referral scheme!

We are proud to bring to you 'Our Scoop family' The NFT Scoop Referral scheme!

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Elon Musk Buys Twitter and he's chopping heads

To our surprise, it's been 3 months since the Entrepreneur has featured in our Newsletter, and for those newer members here, the news wasn't positive.

The story was in relation to two of his companies, Tesla and SpaceX facing a $258 billion lawsuit.

Well as you can tell by the headline, this news is a bit more positive...for Musk anyway, but maybe not for the employees at Twitter..

It broke on the afternoon of the 27th of October that he has finally concluded his $44bn deal to purchase Twitter.

Usually, when you arrive at your new office you bring with you certain personal belongings such as a photo of the family, or a favourite mug well Musk brought a sink with him...if you don't believe us click here.

Now what does this mean for the future?

Our previous newsletter referred to a story about a Twitter Crypto Wallet being on the way.

Is this due to Musk's incoming takeover? We aren't quite sure but it wouldn't surprise us.

Musk is no stranger to our world and even though tech changes won't be happening overnight we can certainly expect to see the horse bolt quicker all things Metaverse.

However, not all changes take time. Elon has had the chopping board out and axed several heads of the company. CEO Parag Agarawal, CFO Ned Segal & Cheif Content moderator Vijaya Gadde, who got Twitter to ban Donald Trump, political ads & censor the Hunter Biden story have all been FIRED!

Elon sure isn't afraid to make an impact and ruffle some feathers.. TBH we wouldn't expect anything less from the lad.

UK Votes to Recognize Bitcoin and Crypto as Regulated Financial Instruments

Quite apt timing if you ask us...we told you in our previous newsletter that the new Prime Minister of the UK was keen on all things crypto wishing to turn Britain into a "Crypto Hub".

Only a few days have passed since this however moves have already been made.

The UK has voted in favour of recognizing Crypto as Regulation Financial Instruments.

So what does this actually mean?

The answer, regulatory oversight will be provided for crypto promotions.

It is worth noting however that only the first element of the vote has passed, there are still two more stages to go.

Regulations will need to receive final permission from the House of Lords and then rubber stamped by the King.

Our View?

The movement was to be expected, Sunak is extremely Pro-Crypto and he's not daft in committing to regulation in the sense the Treasury would benefit from tax introductions.

Google Introduces Blockchain Node Engine

Google just can't keep our the headlines and to be honest it's all good!

The previous story is about the partnership with Coinbase which sees two giants of the world join forces to make some sort of power Thanos would be jealous of...we love to see it.

The latest is an interesting move...Google has announced their Blockchain Node Engine.

It can be slightly complex to dive deep into the logistics of what this means so we attach the full press release here.

Our Take?

It's extremely bullish from Google, they are not just moving slowly. They have clearly mapped out their transition to Web3 and appear to be wasting as little time as possible in their next step.

NFT Vending Machine

Snickers...no thanks, Kit-Kat...nope, NFT...YES PLEASE

Marketplace myNFT has announced it will unveil its first-ever physical NFT vending machine at the upcoming event NFT.London which is scheduled to take place 2nd to 4th of November.

The purpose of the vending machine is to provide a simple and accessible way for newcomers wishing to start buying and trading digital assets without needing deep knowledge of the Web3 industry. The vending machine will allow users to purchase an NFT without owning a digital wallet.

How will the machine actually work?

Investors/users wishing to purchase an NFT from the vending machine will need to select one of the envelopes on display, and then key in the code provided. After paying, they’ll be able to scan the QR code in the envelope, which will come with an invitation to set up a myNFT account, complete with an NFT wallet where they’ll receive their NFT.

Wondering what the best part is? Proceeds will be donated to charity.

Our View?

We saw recently how Reddit has succeeded by toning down lingo that may put people off entering the world. This isn't the sole reason for their success but it certainly ensures newcomers will feel more welcomed and less daunted.

Looks Rare To Cease Creator Royalties

Immediately you are thinking, uh-oh another debate on 0% royalties, well not is all as it seems.

This is a shake-up that will still see creators earn royalties, just the way they do has changed.

So what's changed?

The Project is aiming to achieve 0% seller fees through a rebate on protocol fees paid.

They will be directing 25% of protocol fees to creators removing standard creator royalties in full. Investors can however opt-in to pay optional royalties at checkout.

For the rest of the changes check out the project's announcement here.

Our View?

As we have previously stated, royalties create an aligned incentive between creators and holders. Creators get to earn on every sale, and holders get to fuel innovation in a project they care about.

Even though creators are still to receive a % by an adjusted format, this has been limited by only buyers being able to opt-in to pay optional royalties. With no provision for sellers, this has removed the opportunity for sellers to show the artists some financial gratitude towards potential profits the artist's work may have led to.

🏆SCOOP'S WEEKLY WINNER

We are following up on the brilliant write-up from our new resident L0rd Marlborough.

In case you missed it, please go back to our last newsletter and check it out...it's awesome!

So given the above spoiler, we may as well get it announced...this week's winner is Blur.

Why?

We know they have had a recent rapid rise, now that stats are here to back it up.

Blur has become the 2nd largest NFT Marketplace based on 24-hour trading volume.

They gave the top dogs Opensea a real run for their money in terms of daily trading. They conducted 1160 ETH of 24 hour trading on its platform.

Regardless of the motive behind this surge in volume, this is extremely impressive and well worthy of winner status.

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THE REKT SECTION 😡

The Reddit community has been breaking their NFT virginity left right and center. More so than a college frat party.

But unfortunately for some, they are learning the harsh truth of unprotected Se.. Sorry NFT purchases.

One user has now experienced what it feels like for Floor to dump in price. LOL

Well, unfortunately, it leaves us no option, 'Reddit User - IndubitablyBen' Welcome to REKT.

WHERE WOULD WE BLOW 5-10 $ETH?💰

Not financial advice you know the drill!

RTFKT - Clone X

We attempted to Mint the new RTFKT NFTS in collaboration with Rimowa. The Mint raffle experience was powered by Oncyber (an engine to used to build and power Web3 worlds). Refreshing to see a mint raffle so immersive, it takes you into a themed game environment built around the story & lore of the project.

Once you are in which you control an avatar with a keyboard and navigate to the area where you enter the raffle. RTFKT isn't messing around, continually innovating & partnering with ground-breaking solutions to differentiate itself from the competition. With all that in mind, it's probably fair to say that RTFKT Clone X is a great purchase for a long-term hold given they are nearly a 3rd of the all-time high price.

*This isn't a flippers market right now. Seek out builders and projects here for the long haul.

If you don't quite have the funds available for a Clone X then we still think the collections below are a nice pickup.

Helix Founder Pass - Metaverse Pass with future Airdrops

Renga

The Plague - Riskier play - Passionate community. Solid Leader

Otherdeeds Land - Yuga

Potatoz - Successful IRL business 'Genius Marketeers'

💧WHAT'S DROPPED?

RTFKT X RIMOWA - PHYGITAL COLLECTION

RTFKT 'Web3' development firm owned by 'Nike' who is known for pushing the boundaries of innovation when it comes to digital collectibles & physicals has recently partnered with Rimowa - a Luxury Luggage house owned by LVMH founded in 1898. Rimowa isn't new to partnering with other brands, having already done a number of collaborative pieces with the likes of Supreme & Moncler, as far as Rimowa's first entrance into Web3 goes, it is pretty impressive, and RTFKT looks to be the perfect partner.

We will get on to what the duo is actually dropping, but first a little bit about the story.

It's now well known that storytelling projects & NFT collections typically perform well. community members get immersed in the narrative & are often rewarded for interactions & engagement. RTFKT & Rimowa have done just that. On their website, you can already watch the beginning of the story play out in a short teaser film. The world has been created by of course RTFKT but in collaboration with Rimowa which you can see throughout the designs. The quality & graphics are top draw to say the least. The story is centered in a futuristic sci-fi world whereby a space station has been taken over by "The Fud Virus' We can only assume this is a play on the crypto acronym FUD (Fear uncertainty & doubt). Nice. The Fud virus has infected characters throughout the project's story/lore. Within the space station is a character 'legendary 'Artisan' called Wandersmith. Wandersmith creates empowering gear for explorers + world changers in the spaceship workshop See below.

Next up you have the 'Workerbots'. The Workerbot's job is to help out 'Wandersmith'. and ensure the space station workshop is ticking over.

Then you have the 'AI worm' The AI worm is the space station's defense system, unfortunately, it is unable to stop 'The FUD virus' for now. Both 'Wandersmith' and the 'Workerbots' have been infected with the FUD virus. It is up to the community to work & interact with the AI worm to save the space station.

RTFKT & Rimowa will be dropping 888 x Digital Luggage items which can be later redeemed for physical luggage at a price of (2.3 ETH) & also 2222 x 'Worker Bots' for 0.08 ETH. I have to say, I would defo rock the cabin luggage on my next holiday.

The NFT mint raffle took place today, where entrances had to enter via a virtual world. Holders of Clone X had a higher chance of winning the raffle (Fair enough).

This is a prime example of how brands are using NFTs to create deeper connections with their audience, incentivize interactions & generate value for their community. If you were lucky enough to win the raffle we believe this is an awesome project to be a part of in the RTFKT ecosystem. The team continues to innovate time after time, pushing the boundaries of what is possible with Web3.

🤡 WHOEVER CONTROLS THE MEME CONTROLS THE UNIVERSE Who's going to the Halloween party as an NFT founder?

Disclaimer

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

NFT’s can be highly illiquid markets, causing sharp drops in prices due to changes in narratives and trends.