Today’s must knows across Web3, Crypto, & NFTs.

GM Scoop Family. Let's dive in.

🍦 SCOOPS OF THE WEEK 🍦

⛓️ NFT’s

• DAO Maker Founder Creates Degen Zoo

• Starbucks Drops Siren Collection

• Blur Mobile Function Release

👨‍💻 WEB3

• Nissan files 4x new Web3 trademarks

• Australian Open Embraces Web3

• Pokémon are hiring a Web3 expert

🪙 CRYPTO

• Biggest Hack of 2023 - $197M

• Crypto Friendly Banks Collapse

⛓️ NFT’s

• NFT Total Market Cap - $22.3B - 7 day change +0.87%

• Volume Traded Prev 7 Days - $308.2M -30.45%

🍦 THE DEV'S NFT 🍦

At a glance 🔎

• Popular meme in Crypto & Web world 'The Dev's' NFT minting on March 27th

• The Collection celebrates the builders who have weathered the bear market and stayed true to their values.

• Created by 'Heyitsmethedev' & emmy award winning art director 'Jake Ferguson'

• Register for the Pre-mint raffle here to win a whitelist spot.

🕵️ Scoops take:

We certainly think this collection has legs, after all, it's a free mint, up only for sure if you manage to snag a whitelist spot. But outside of the freebie, this collection is well thought through and is playing on the meme of a guy who looks like a veteran trucker but also happens to be a world-renowned developer in Web3.

Yup, don't ask but check it out. It works.

🍦 DAO MAKER FOUNDER CREATES DEGEN ZOO 🍦

At a glance 🔎

• Chris Zaknun, CEO of DAO Maker, Tweeted that he could build an NFT game in 30 days.

• The game was based on Logan Paul's rug-pull Crypto Zoo.

• Funds are being raised through DAO Maker and anybody can buy into the project using their native token. So far, pledges of over $700m have been made and over 115,000 wallets have been registered.

🕵️ Scoops take:

When you have an ongoing lawsuit following a rug pull, it is never a good look for the defense when your excuses for the project failing are being proven incorrect. The less we say about Logan Paul on this the better actually as we are taking away masses of credit owed to Chris Zaknun who has only not onboarded a vast amount of people for financial gain, he has made it clear this is a purely charitable project. The bullishness we see towards Degen Zoo shows that despite what you may read, NFTs are far from over.

🍦 STARBUCKS DROPS SIREN COLLECTION 🍦

At a glance 🔎

• Starbucks Odyssey, which is the coffee giant's Web3 loyalty programme, has launched its Siren NFT collection.

• Members were able to mint up to 2 of the 2000-piece collection for $100 per NFT

• The collection sold out in 18 minutes and secondary sales are booming.

🕵️ Scoops take:

When it comes to having a loyalty programme in place, it's no surprise that the largest coffee company in the world knew what they were doing. The tricky part that they have navigated so well is the Web2 to Web3 transition that we have seen so many corporations struggle with. With the current floor sitting at 0.5 ETH, the members who were able to mint are swapping the espressos for champagne. Hopefully, a few companies looking to transition from Web2 to Web3 can take a bean out of Starbucks' book.

🍦 BLUR MOBILE FUNCTION RELEASE 🍦

At a glance 🔎

• The Marketplace has created the ability to browse and purchase NFTs on mobile.

• The rollout is just beginning so using your mobile will not be as fully functional as the desktop version.

• They are taking the steps to improve the service already.

🕵️ Scoops take:

As you know, they've been winners and they have been rekt but one thing we have to give them credit for is their passion for user experience. The Marketplace has made it clear that it will continue to make the new functions as straightforward and accessible as possible so even though the "p" word of patience is not often present in this world, it may be the key here. You never know when you want to sweep a floor or dump your bags so having that ability on the move is a must.

🌐 WEB3

🍦 NISSAN FILES 4 METAVERSE TRADEMARKS 🍦

At a glance 🔎

• Japanese auto brand Nissan has filed 4 new Web3-related trademarks in the US covering its Nissan, Nismo and Infiniti brands.

• Metaverse test drives and purchasing options being trialled in Japan

• Plans to create virtual clothes, cars, headgear, trading cards, toys, tickets, and an NFT marketplace for trading and minting NFTs.

🕵️ Scoops take:

Web3 developments are revving up in the auto industry at the moment. We’ve seen major players like Porsche, GM, Chevrolet, Cadillac, and big daddy Ford all making moves in the space recently, representing a significant shift in how corporate brands engage with their customers as well as cashing in on blockchain tech. With Nissans Japanese arm launching its trial of metaverse test drives and purchasing options with Hype Lab, car sales could be shaken up forever. Whilst the Nissan cube will likely look just as hideous in the metaverse as it does in real life, we can’t wait to see where this one goes!

Forget lambos! #wennissan ?! 🚗💨

🍦 AUSTRALIAN OPEN EMBRACES WEB3 🍦

At a glance 🔎

• 2022 saw huge success for the tennis tournament with the launch of 'Art Balls' NFTs selling 6,776 pieces to 3,679 holders and receiving heaps of positive feedback.

• Their Decentraland metaverse experience served an ace attracting 175,000 visitors.

• Roblox added to the metaverse lineup for this years AO attracting 6.3m visits so far.

🕵️ Scoops take:

What do sports and Web3 fans have in common? They're loyal, engaged, and passionate - a match made in heaven. This is a ballsy move from the AO and we love to see it. They're offering fans something truly unique, bringing the brand to a whole new set of eyeballs and showing a progressive approach by opening up to Roblox. This is one of the best examples of brands making Web3 accessible and engaging to consumers whilst offering genuine utility to holders with perks of ownership, a low mint price of 0.067 last year, and having relatability to real-world events. AO smashing it, game, set & match! 🎾

🍦 POKÉMON HIRING WEB3 EXPERT🍦

At a glance 🔎

• Pokémon are searching for a "Corporate Development Principle" - someone with 'A deep knowledge and understanding of Web3, including blockchain technologies and NFT, and/or metaverse.

• The job listing doesn't give away exactly what the companys plans are in the space.

• Controversy sparked as fans are split by by the direction of the franchise.

🕵️ Scoops take:

As an ecosystem that's already mastered the concepts of art, rarity, and collector's items, adding Web3 functionality to Pokémon games would be as natural as Squirtle in water, but The Pokémon Company has been slow to get around it. This job listing however looks like that may be about to change.

The role will advise the company on Web3 strategy and innovation. Incorporating NFTs into the game would create an in-game economy where players can sell their Pokémon for a profit, with the company receiving a percentage. Storing Pokémon as NFTs in a Web3 wallet would also allow for continuity between game titles, playing into the strong narrative theme of the brand.

NFTs would combine the rarity and collectibility of the Pokémon Card Game into each game title, streamlining the trading experience. A Web3-enabled Pokémon game would be a game-changer, and we may be staring it right in the face.

🪙 CRYPTO

• Global Cryptocurrency $1.08 Trillion - 24/hour change +7.17%

• Volume Traded 24/hours - $88.827 Billion +3.03%

🍦 EULER FINANCE - HACKER STEALS $197M🍦

At a glance 🔎

• DEFI lending protocol Euler finance was targeted by a flash loan attack on the 13th of March. The hacker was successful in stealing crypto assets worth $197M

• Crypto assests stolen consisted of $USDC, $DAI, Stacked Ether, and Wrapped Bitcoin

• The attack has already become the largest hack of 2023.

🕵️ Scoops take:

What is a flash loan attack we hear you ask? In easy terms, these types of attacks are used to manipulate the price of tokens in a pool within a DEFI protocol and drive down the prices of such tokens. The tokens are then bought at a much lower price & quickly sold back for a profit once the price recovers.

If you want a deeper dive into flash Loan attacks you can do here.

This is something we never want to see, for two reasons. It is incredibly damaging to those affected, we have seen members of the crypto community lose up to $3M in this attack alone. But secondly, large hacks only give authorities more ammunition to stifle the development & adoption of crypto & decentralized finance.

There are tonnes of opportunities in crypto outside of complex Defi protocols. Unless you have a strong understanding of what you are interacting with, we recommended staying out. Some of the Crypto OG's of the space were affected by this.

🍦 CRYPTO FRIENDLY BANKS COLLAPSE 🍦

At a glance 🔎

• Silicon Valley Bank which served the tech & crypto industry collapsed due to investing short-term deposits into Long term bonds. When interest rates rose the value of the banks fell, wiping out the equity of the bank, marking the second biggest bank failure since 2008.

• Circle's Stablecoin $USDC designed to hold the price of 1$ de-pegged after Circle announced it had 8% of its reserves in Silicon Valley Bank. The stablecoin dropped to as low as $0.88

• Signature Bank - New York based bank with deep ties to the crypto industry collapsed over the weekend after depositors made a run on the bank.

🕵️ Scoops take:

There is a lot to unpack here, but firstly Silicon Valley Bank's poor risk management resulted in a bank run whereby they didn't have sufficient funds to allow depositors to withdraw their funds. The knock-on effect caused $USDC stablecoin to become.. well, not so stable. PTSD from Terra Luna kicked in for the crypto industry causing users to jump out of $USDC holdings in seek of more stable shelter.

Stablecoins are a huge beneficiary to the crypto industry, but once they de-peg, significant trust is lost. If it de-pegged once, what's stopping it from de-pegging again?

If matters couldn't get worse, following the closure of Silvergate and Silicon Valley Bank, another institution was ready to meet the grim reaper. Depositors of Signature Bank (bank that served the crypto industry) were spooked causing another bank run where users couldn't receive their deposits.

Despite the chaos that ensued over the past few days, the prices of crypto have soared, possibly due to users moving funds out of stablecoins to riskier assets such as $ETH or $BTC, but also that people may be waking up to the fact that Banks aren't always the 'safest place' for your money. For the first time since 2008, people in the western world suddenly understand the importance of Bitcoin.

😡 THE REKT SECTION 😡

For mass adoption to work we need those Web2 companies to really nail Web3 and when they do, commit to it.

They came with all the best intentions from the social media sector and seemed to adapt Web3 technology well.

However, it has been revealed that Meta will be sunsetting NFTs, for now, to focus on other ways to support creators, people, and businesses.

What a bearish sentiment that leaves us very disappointed.

🏆 WEEKLY WINNER 🏆

Unlike the REKT section, this company has gone on to show how well you can move from Web2 to Web3.

Their loyalty program has gone from strength to strength and their most recent collection led to a 1ETH + profit for those who minted.

A brilliant quality about this project is they appreciate the difficulties members faced with the mint page crashing and will look to rectify this in the future.

It is definitely an exciting time to be a part of this project and they have certainly set the blueprint on how to transition from Web2 to Web3

Well done to Starbucks. 🏅

I Loved it 🍦🍦🍦🍦🍦

It was ok🍦🍦🍦

Get another job 💩

Annd that's a wrap for today gang!

Love and sprinkles as always, catch you back here on Friday for the latest 😎

~ Scoop Crew

*Disclaimer*

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