Are De[labs] the best to do it in Web3?

The SEC is declaring war on crypto

The Triple Scoop

Summer is here, which means The Triple Scoop is officially the best NFT newsletter by default.

Let’s do it babyyyy 😎

SCOOPS OF THE WEEK 

⛓️ NFT’s

  • Warner Brothers To Sell Superman NFT Movie

  • FrankDeGods Announces DE.XYZ

  • GameStop x Illuvium

👨‍💻 WEB3

  • PayPal Leads $52M Web3 Funding Round

  • Superman Web3 Movie Experience Announced

  • Apple’s VR Headset Set To Spike Metaverse Interest

🪙 CRYPTO

  • SEC Sues Binance

  • SEC Sues Coinbase

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⛓️ NFT’s

  • NFT Total Market Cap $7.91B - 24/hour change -1.88%

  • Volume Traded 24/hours - $15.4M +14.37

  • Azuki has been stealing the show, reaching an impressive 17.79 ETH Floor and holding solid volumes, just last issue they sat at 16ETH.

  • But with Azuki rising, we can’t forget Azuki Beanz which has pumped up an impressive 16% this week.

  • The DeLabs ecosystems ‘Degods’ and ‘Y00ts’ have also had a solid week, with both 11% and 6% increases in Floor prices respectively following their latest update.

  • Innovative projects with solid communities are shining through right now. We have been saying this for a while, but the landscape is becoming clearer than ever.

  • There is currently a handful of heavyweight projects showing the world what NFTs can really be, some to name are ‘Degods/y00ts, Yuga Labs, Azuki, Memeland & Pudgy Penguins, RTFKT

  • With examples like this set in times when any team could pump any project are fading fast. We love to see it.

  • Whilst some of your NFT bags may have suffered. Examples are being set for the industry which will bring us forward leaps and bounds.

At a glance 🔎 
  • The movie which was released in 1978 will be launched in NFT bundles.

  • Bundles will include 4K Ultra HD, image galleries and artist renderings.

  • The bundles are set to launch from the 8th of June with the standard edition coming in at $30 and the premium edition at $100.

🕵️ Scoops take:

Hollywood and blockchain are getting super comfy under the same sheets here. Warner Bros and DC are strapping a cape on Superman and propelling him straight into the Web3 cosmos, crafting a unique movie experience using blockchain tech. You know, the kind of stuff that **could actually make you enjoy extras again… Plus, they're tossing in some neat NFTs for the collectible junkies. Whether you're a Superman superfan or just a curious bystander, this is a clear signal of a shift in the way we interact with entertainment. As movie nights morph into immersive experiences that include digital ownership, we could see a blurring of lines between passive film-watching and active participation, all in the blockchain bucket seat. 🍿🎬

At a glance 🔎 

  • Rebrand on the ‘DE’ logo. Yup, we love it, soothing on the eye.

  • Next up a merger of the DeGods + Y00ts discord is launching & it won’t just be any old discord

  • The aim is to redefine the meaning of community engagement, marketing & how to capture attention.

  • One of the biggest announcements is the DE[id] feature. This feature verifies your Twitter profile that you are a holder of a y00t or Degod which then grants you a follow from Degods & Y00ts official Twitter account.

  • There is a caveat. Sell your NFTs and you will be unfollowed.

  • The new community discord will also host Think Tank sessions with Frank himself + workshops & fireside chats.

  • Frank maintains that “we are gonna be #1 and #2 projects in the world”

🕵️ Scoops take:

Frank & the team truly are fostering a true Web3 movement, these changes now further align incentives, meaning both DeLabs and Y00ts/DeGods community members can flourish socially & financially. As the community unifies, boosting each other & actively promoting native community content, it creates a flywheel that draws in more participants to the ‘DE’ Webaverse. Not only that but lets not forget that as Twitter is now rewarding content creators, it looks like the DeGods & y00ts community will be in pole position to reap the rewards.

6 months is a long time, but in the NFT space, it can be a lifetime. What hasn’t changed is what we shared with you in our last newsletter of 2022 where we said the following about DeGods & Y00ts:

Why can’t DeGods & y00ts be ignored?

  • Proven innovators

  • Building Web3 products used by other projects

  • Generating revenue outside of Royalties

  • Large active community

  • Building transparently

  • Community lead Sub DAOs (Clubs) with strong brand equity

    being created.

  • Doxxed leadership

  • High-quality captivating artwork (that makes great Profile Picture)

  • Strong Meme game (Don't underestimate the power of Memes)

  • Now moving to the most active chain

Here we are just around the corner from Season III of DeGods following the successful bridges that were outlined in the roadmap and everything Frank is touching is turning to gold.

We may need to snap up some more Degods & Y00ts before its too late.

At a glance 🔎 

  • The blockchain game developer has partnered with GameStop to launch a 20,000-item collection.

  • The collection will be launched on the 12th of June.

  • The NFTs will each possess 108 possible combinations based on 6 different illuvials.

🕵️ Scoops take:

As you will know we are massively bullish on the potential gaming has for NFTs. The recent partnership of Immutable X and Polygon kept the wheels in motion for a really exciting time for the industry.

When that partnership was announced we said it was only a matter of time before Illuvium take centre stage.

Well just like clockwork here they are to assist GameStop in a debut collection. Given its huge reputation, Illuvium will be backing itself to ensure this is a success.

It was only last week that GameStop partnered with the Telos Foundation, aiming to expand its Web3 gaming strategy.

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THREAD OF THE WEEK

How FrankDeGods is changing the game for Web3 with DeLabs. Another class thread from Zaimarii.

🌐 WEB3

At a glance 🔎

  • PayPal Ventures led a $52 million Series B funding round for Magic, a Web3 authentication provider.

  • The funds will be utilized to enhance Magic's identity-focused solutions, expand the team, and enable global businesses to provide seamless login experiences.

  • Magic's authentication protocol allows users to access Web3 services using a unique email and password combination, thereby eliminating the need for private keys or seed phrases, simplifying the adoption process for mainstream users.

🕵️ Scoops take:

The leap of faith in leading a $52 million funding round for Magic clearly shows the growing appetite for user-friendly web3 experiences. As Magic weaves its authentication charm, removing the arduous need for private keys or seed phrases, it's evident that the mainstream web3 adoption clock is ticking faster. This alliance could help bridge the notorious crypto usability gap, blending the complexity of decentralisation with the familiarity of traditional login processes. It's a nod to the future where accessibility is the real magic trick that brings Web3 to every internet user's fingertips.

At a glance 🔎
  • Apple is reportedly working on an augmented reality (AR) headset that could revolutionize the gaming industry and potentially catalyze the development of the Metaverse.

  • The rumored headset is expected to have advanced features such as eye tracking, Iris recognition, and a resolution of up to 8K per eye, all of which could elevate the AR experience to unprecedented levels, enhancing both gaming and broader Metaverse interactions.

  • Apple's move into the AR space could boost the adoption and development of Metaverse technologies, as Apple's influence and established user base could mainstream Metaverse experiences and accelerate the integration of physical and digital realities.

🕵️ Scoops take:

Apples AR headset is set so shake things up massively and we haven’t seen anticipation like this for an Apple product for some time now. Rumoured to be released early next year, this snazzy new bit of kit doesn’t come cheap at $3,499.

Whilst not directly metaverse focussed, Apple’s entrance into this market could set the pace for mainstream adoption of AR tech. It's not just an evolution; it's an Apple-flavoured revolution, driving us closer to a world where virtual becomes the new reality. We’ve already seen some hype surrounding many metaverse tokens as the market’s anticipating a renewed spark of interest in this sector and we’re thrilled to see just how this shapes the space going forward! 🕹️

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🪙 CRYPTO CRUNCH

  • Crypto Total Market Cap $1.08T - 24/hour change -4.24%

  • Volume Traded 24/hours - $47.37B +65.33%

  • Recent headlines of the SEC taking a massive swing at Crypto have caused a wave of fear to rip through the markets.

  • The total crypto market cap has dropped roughly 5%

Binance bites back with a return fire statement following the SEC’s complaint.

  • Bitcoin & Ethereum have held up strongest and altcoins have taken a beating.

  • Our opinion is that the SEC is trying to make an example out of the major exchanges Binance & Coinbase.

  • These events have historically marked a bottom for Crypto.

  • Binance.US ‘the entity in question’ makes up for 5-10% of the total trading volume of all Binance entities. Whilst this is small, the complaints the SEC is making can’t be taken lightly.

  • No new crypto company or project will wish to open in the US from this day forward.

  • The SEC is stifling financial innovation in the US & harming the younger generation in an attempt to save the dying dollar.

  • The question is.. Does the SEC truly care about the individual investors? or are they trying to crush the industry at all costs? It will be truly interesting to see how this unfolds in the coming weeks.

  • Binance & Coinbase have the industry’s best legal times in their arsenal. Who knows will they team up against the SEC?

    Crypto narrative focus for this summer

  • - AI Tokens

  • - Metaverse & gaming tokens

  • - RWA - Real-world Asset tokens

  • - Cross Chain Projects

  • - ‘Real Yield’ Bearing tokens/projects

    Top stories

  • SEC Sues Binance 

  • SEC Sues Coinbase

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😡 THE REKT SECTION 😡

Reggie Fowler

A huge issue for the space is the lingering smell of the accusation that cryptocurrency is a playground for fraudsters.

One man that certainly didn’t help that is Reggie Fowler, former co-owner of the Minnesota Vikings.

Fowler had provided shadow banking services to cryptocurrency exchanges to the tune of $700m over a 10-month period.

He was sentenced to 6 years in prison on the 5th of June.

The fewer people we have dragging the space through the gutter, the better.

🏆 WEEKLY WINNER 🏆

To disrupt the natural order takes some doing, but when something is so impressive then credit has to be given.

Over the last month, Bitcoin has officially become the second most popular NFT chain, overtaking Solana.

Bitcoin NFT’s rise to 2nd place is backed up by very impressive stats, with the monthly sales multiplying more than six-fold from $32m in April to $195.7m in May.

Unfortunately for Solana, their secondary sales dropped nearly 50% in May to $44.9m from $85.7m.

Bitcoin identified that Solana users will already be using Bitcoin but Bitcoin users may not necessarily be using Solana.

This has led to the foundations of success and who knows how high they will go.

Annd 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.