GM to the 66 new readers who joined this week. Again another huge week in Web3 land. Without further ado. LFG

SCOOPS OF THE WEEK 

⛓️ NFT’s

• Amazon Release Free NFTs

• Y00ts Migrating To Ethereum

• Salvator Mundi To Be Minted As An NFT

👨‍💻 WEB3

• Microsoft & Aptos Partner Up To Marry AI & Crypto

• Solana Slashes Sage Phone 40% Only 4 Months Post Launch

• 19% Of New York Residents Own Crypto

🪙 CRYPTO

• Is Coinbase disillusioned with crypto?

• “$XRP token is not a security period”

• 10 Crypto narratives to keep your eye on

🏆 SCOOP PREMIUM

• Has the public forgotten about this NFT gem launching this month?

• These 2 familiar cryptocurrencies could be poised for a violent move upwards

⛓️ NFT’s

• NFT Total Market Cap $5.71B - 24/hour change 0.0%

• Volume Traded 24/hours - $15.8M +70%

  • Sentiment popped up and volume has nearly doubled.

  • Yesterday Degods released season 3. The team faced a major backlash, due to what is described as a ‘lackluster’ ‘mid’ Art update.

  • The updates included a more ‘Luxury feel’ to the brand, Female Degods, 4 pieces of Generative Art per DeGod, Scrapping of traits people don’t like,

  • Fud is Fud, which has caused the floor price to tank hard (-30%).

  • Some speculate this is all a planned act to cause shockwaves & take the spotlight. (Check the Thread of the week below), Rewarding diamond hands with opportunities to pick up cheap Degods, and punishing those who faded frank. We shall see, but a whale clearly didn’t like the update & actually dumped 100 DeGods & 200ETH worth of their native token $DUST.

  • We however have faith in DeGods, and feel right now is a better time than ever to pick one up. Frank is due to release another update on Sunday!

  • Sproto Gremlins have mooned up, a project we mentioned a couple of issues ago in the market update. This is PFP linked to the HarryPotterSonic10Inu token. Complete Degenery. But as we say, the meme is the message!

  • It will be all carnage right now. but in the midst of chaos lies opportunity.

Whales Are Scooping up:

• DeGods

• Azuki

• Yue Minjun

• Dorkz

• Himalaya

🔦 TOP PFPs - 0.5ETH AND UNDER

credit to NFT Power Rankings

1. SappySeals

2. AkidcalledBeast

3. ThePlagueNFT

4. Lil Pudgys

5. Nakamigos

6. Genuineundead

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Premium Unlocks this week!

• 1 x new upcoming NFT project led by a team who have major credence in the Web3 space, including project analysis and how you can secure yourself the bag.

• 1 x major NFT Project which is launching end of this month. The sheer work, craftmanship & planning that have gone into this extraordinary, but has the public forgotten about this hidden gem?

• Time Sensitive! - 2 x familiar crypto tokens that according to the charts could be on the cusp for a violent explosion to the upside. Find out what they are and why we are bullish.

* NOTE - Our Premium Member-only Info is found at the bottom section of our Newsletter.

Amazon Releases Free NFTs

At a glance 🔎 

• The largest E-Commerce company has made its next NFT move.

• Prime customers are now able to claim their free in-game NFTs.

• The free NFTs are for games like Mojo Melee and Blankos Block Party.

  🕵️ Scoops take:

Amazon is making all the right moves in its NFT/Web3 ventures.

The latest is huge for a couple of reasons. They have over 170m Prime subscribers across the world so not only are they reaching a globally engaged market but they are leveraging gaming to appeal to a digitally native audience & deliver digital assets.

Will Amazon soon have us all marked & tracked on the Blockchain?

Y00ts Migrating To Ethereum

At a glance 🔎

• The 2nd largest project under Frank’s guise announced the move on the 9th of August.

• It was only 4 months ago that they bridged to Polygon.

• The only details shared are the $8M grant provided by Polygon will be returned and that they wish to unite the DeGods and Y00ts communities.

• The migration date is yet to be announced.

  🕵️ Scoops take:

We remain bullish on Y00ts and we covered why in Tuesday’s Newsletter.

There are certainly two sides to this news. On one hand, you have a failed Polygon accelerator program/launchpad which will have no doubt wasted quite a lot of time somewhere along the line, this tied with the scrapping of the trait creation program for artists certainly shows the negative aspect of this news.

On top of that, it doesn’t bode well for Polygon, will projects now be more reserved in launching on the chain?

Now onto the positives; Y00ts moving to ETH, will enable the project with more trading volume, liquidity, users & investors with deeper pockets. DeGods & Y00ts will now be far more aligned. Stronger together. Partnerships with other large Web2 companies may become more appealing due to any restrictions previously tied with Polygon.

There are certainly both positives and negatives, but one thing is for certain, Frank delivers so now is not the right time to doubt him in the long term.

Salvator Mundi To Be Minted As An NFT

At a glance 🔎

• Leonardo da Vinci’s painting will be launched as an NFT on the 12th of August.

• The IRL version of the painting is worth $450m and is the world’s most expensive painting.

• ElmonX (a digital asset platform) has partnered with image licensing firm Bridgman Images to conduct the sale.

• The Mona Lisa NFT was sold for 3.7 ETH

  🕵️ Scoops take: 

It would be foolish to think that the NFT versions of these world-famous paintings would attract the same value. However, what these sales are doing is opening up the digital space for art enthusiasts to obtain items digitally that are extremely rare for a more reasonable price.

Given how early NFTs are in their life cycle, owning the NFT of this painting could lead to a massive long-term profit. It’s very much low-risk high reward.

By having extremely rare pieces available to purchase, there is going to be an extremely high ratio of supply to demand which will only boost this sector.

THREAD OF THE WEEK

FrankDeGods is facing heat across the timeline & the price of Degods has been dumped following what is being described as a lackluster release of ‘Degods’ Season III.

But have faith, does Frank have a plan up his sleeve?

🌐 WEB3

Microsoft & Aptos Partner Up To Marry AI & Crypto

At a glance 🔎

• Aptos Labs is partnering with Microsoft to develop AI-integrated blockchain tools, resulting in a 15% surge in Aptos' token price after the announcement.

• Powered by Microsoft's Azure OpenAI, a new chatbot, the "Aptos Assistant," will guide users and developers in the Aptos ecosystem; Aptos' native language, Move, will integrate with GitHub's AI tool, Copilot.

• The duo aims to explore blockchain-based financial products, including tokenization and digital currencies, with Aptos leveraging Microsoft Azure for enhanced network security.

🕵️ Scoops take:

In the promising convergence of AI and blockchain, Microsoft's collaboration with Aptos Labs stands as a pivotal moment. This partnership, rooted in the ashes of Facebook's Diem, signifies a proactive step in intertwining two transformative technologies. By combining Microsoft's potent AI capabilities with Aptos's blockchain prowess, we're witnessing the creation of tools that may very well redefine user interaction in the Web3 domain. Such initiatives democratize access, ensuring that the Web3 evolution isn't just for tech elites but for anyone keen to participate in the next digital frontier. The future, it seems, is not just decentralized but also intelligently accessible.

Solana Slashes Sage Phone 40% Only 4 Months Post Launch

At a glance 🔎

• Solana Mobile has slashed the price of its Solana Saga phone by 40%, dropping from $1,000 to $599, aiming to boost mobile web3 adoption.

• On-chain data indicates a significant drop in Solana Saga sales since April and May, with around 2,100 unique Saga Genesis NFT owners till date.

• While some early buyers expressed dissatisfaction over the price cut, others highlighted the exclusive Claynosaurz NFTs early adopters received, which have a value surpassing the price differential.

  🕵️ Scoops take:

Solana Mobile's decision to cut the Solana Saga phone price speaks to a wider challenge in the nascent web3 space: balancing early adoption incentives with mass-market appeal. While early adopters often bear higher costs, the swift drop in price suggests either an overestimation of initial demand or a strategic move to penetrate a broader market more rapidly. With the blurred lines of product value in the web3 ecosystem — where tangible and digital perks intertwine — companies like Solana must navigate carefully. They're not just selling gadgets, but pioneering an era where devices, decentralized apps, and NFTs coalesce into a new digital narrative.

19% Of New York Residents Own Crypto

At a glance 🔎

• New York emerges as a crypto stronghold, with 19% of its residents owning cryptocurrency and many believing it makes the financial system more equitable and a good future investment.

• The state hosts 692 blockchain organizations, with over half of the Fortune 100 pursuing crypto or web3 projects since 2020, primarily in tech, finance, and retail sectors.

• Fashion brand Morphew blends antique styles with futuristic tech, using blockchain to archive unique fashion collectibles, showcasing the convergence of fashion and innovation in New York's ecosystem.

🕵️ Scoops take:

Pretty wild news here - the big apple’s embrace of crypto innovation underpins a broader shift in understanding the transformative potential of digital assets. As nearly one-fifth of its residents now own cryptocurrency, the Empire State is emerging as a beacon for the web3 revolution. It's not merely about financial democratisation; brands like Morphew are showcasing how blockchain's archival capabilities can transcend industries, blending heritage with future tech. As we witness the fusion of fashion, finance, and technology, it becomes clear that blockchain's reach isn't confined to the digital realm—it's weaving itself into the very fabric of our daily lives, offering promise and potential in unexpected avenues.

🪙 CRYPTO CRUNCH

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• Crypto Total Market Cap $1.17T - 24/hour change -0.19%

• • Time Sensitive! - 2 x familiar crypto tokens that according to the charts could be on the cusp for a violent explosion to the upside. Find out what they are and why we are bullish.

• Just in! The SEC has just delayed the approval of ‘ARK Invest’s’ BTC ETF approval, the market hasn’t seemed to react either way in the immediate instance, but time will tell.

• The crypto market despite a few hot trending coins has been just darn right choppy. We approach $30K for BTC, then retrace back.

• Having been stuck in a range for a solid few weeks now, eyes are now on $28.5K level for $BTC again.

• The plan remains the same for us. Mid to long-term bullish, Institutions are getting hungry and this is the only industry you can front-run before they are allowed to invest.

• short-term, we are cautious, we have to exit this range-bound period of chop before we see real momentum to the upside. If you play around too much in choppy waters, you risk fumbling the bag.

• Patience is key. Don’t get sidetracked. Stick to your strategy.

  Crypto narratives to focus on this summer

• - AI Tokens

• - Telegram trading Bot tokens

• - Decentralised Exchange Tokens

• - Liquid Staking derivative projects

• - Metaverse & gaming tokens

• - RWA - Real-World Asset tokens

• - Cross Chain Projects

• - ‘Real Yield’ Bearing tokens/projects

Top Stories

BREAKING - SEC Delays ARK’s spot Bitcoin ETF approval

• Is Coinbase disillusioned with crypto? 

• “$XRP token is not a security period”

• 10 Crypto narratives to keep your eye on

😡 THE REKT SECTION 😡

Supreme Court

Every now and again the Supreme Court hands down a ruling that knocks a big dent into the space’s momentum.

This time, the decision revisits a road that has caused huge discussion in the past.

The Court has decided that Apple can continue to tax app developers 30% on revenue generated on the App Store.

They famously blocked Coinabase from rolling out their app on iOS due to the requirement of gas fees having to be paid through the in-app purchase system so they could collect their 30%.

This is a huge dent to projects and a potential bump in the road for mass adoption on cells/mobiles but a real win for the app developers.

🏆 WEEKLY WINNER 🏆

Cmacpeng

When it comes to certain projects and IP rights, there is a potential for a double benefit.

One would be gaining the natural floor price increases of the project and the other would be creating products that can lead to personal profits as opposed to community-wide.

Cmacpeng is a Pudgy Penguins holder and decided to write a children’s book based on the NFT they own.

The book is titled “Can penguins fly? A community story”

Well, the success has been amazing as the book reached #1 in its category on Amazon.

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