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- Doodles no longer an NFT Project? 😨
Doodles no longer an NFT Project? 😨
Gary Vee's social platform ripping hard 🔥
The Triple Scoop
March 17, 2023
Today’s must-knows across Web3, Crypto, & NFTs.
GM Scoop Family. Let's dive in.
🗞️ SCOOPS OF THE WEEK 🗞️
⛓️ NFT’s
Doodles No Longer An NFT Project?
DeGods Bitcoin Mint
Sewer Holders Can Now Burn Their Passes
👨💻 WEB3
Leading Music Brand Beatport enters Web3
Salesforce Drive Web3 Adoption
Social NFT platform Launches On Mobile
🪙 CRYPTO
Biggest Token Airdrop In Crypto History
SVB Financial Goes Under
What do you want more of in Triple Scoop?
🔦 PROJECT SPOTLIGHT
Sharemint returns to the newsletter as earlier this week Triple Scoop had the pleasure of speaking with the Founder of Sharemint Amir Hagafny. ShareMint's new platform is a Web3 affiliate network, allowing new & existing Web3 projects to easily launch affiliate programs.
The platform makes it super easy for bloggers, content creators, or individuals to earn portions of mint revenues by simply recommending projects they believe in.
Check out the podcast interview below!
⛓️ NFT’s
NFT Total Market Cap - $22.43B - 7 day change +2.41%
Volume Traded Prev 7 Days - $325.4M -16.95%
At a glance 🔎
👉 Doodles Founder "Poopie" took to Discord to share the message.
👉 It stated that they are trying to go from a start-up to a leading media franchise.
👉 "We are no longer an NFT project"
🕵️ Scoops take:
Pre-bear-market, Doodles was firmly in the blue-chip category and in more recent times, the project was firmly focused on all things NFT with their Doodles 2 launch. The message that was shared in the project's Discord was certainly a surprise and it has been met with plenty of backlashes as well as criticisms which include how the team pocketed millions in royalties and VCs. The loss of confidence in blue chips during the bear market is certainly coming to fruition as we have seen heavy dips to the floors of Doodles, MoonBirds and CloneX. Once upon a time, the Doodles floor had an ATH of 25 ETH, and now the floor currently sits at 3.6 ETH down from 5.3 ETH in the last 7 days. A sad day for the space.
At a glance 🔎
👉 The largest Solana-based project is having its Bitcoin Ordinals debut
👉 535 Items in total will make up the collection
👉 Investors have been told to load up a self-custody Bitcoin wallet with at least 0.444 BTC
🕵️ Scoops take:
Those who have been subscribers for a long term know we are bullish on DeGods, however, there has been some backlash on the recommended load-up being a tad excessive coming in at just under $11,000. We may be in the minority who think the price is reasonable given the NFT is an already burnt DeGod that isn't available on another chain. The current floor price of a DeGod in SOL is 560 ($10,953) so the price recommended is reasonable. Given there will only be a total of 500 available in a public mint, first come, first serve we think these will be a real hit within the space. The mint is set to take place on Friday 17th March in the afternoon PST.
At a glance 🔎
👉 Yuga Labs opened the minting for the newest collection on Wednesday 15th of March
👉 The collection named HV-MTL will have 30,000 items
👉 Burning your Sewer Pass will reveal an Evo 1 Mech which allows holders to participate in future minigame sets with their Evo 1s to unlock additional evolution stages.
🕵️ Scoops take:
When we see the blue chips that have suffered recently there is one project that has reigned supreme and that is Yuga Labs. The latest collection is only about mid-way through the burning stage and already has a floor of 2.33 ETH. An indication of why Yuga remain on top is that there was an issue with the companion trait not showing which was rapidly resolved within 4 hours. They have a complete roadmap but the details are limited to keep holders strapped in for the ride. Everything they have touched so far has led to success so we have no reason to doubt that the future is safe within the Yuga ecosystem.
🌐 WEB3
At a glance 🔎
👉 Beatport is the place to go to source high-quality audio files - used by DJs worldwide.
👉 They've partnered with Polkadot to bring electronic music on-chain with Beatport.io
👉 Artists, producers, and record labels set to enjoy the benefits of Web3, while also giving music fans an opportunity to explore the value of digital collectibles and deepen their connection to their favorite artists and DJs.
🕵️ Scoops take:
Who doesn't love a sweaty rave and a long hard look at yourself in the mirror at 4am? This is a real crowd-pleaser of a move from Beatport. Whilst the press release is pretty damn vague as to the details, the music industry is certainly ripe for innovation and no one seems to have quite cracked the code just yet. With such a major brand putting its best foot forward we may be about to see something pretty special. It looks like they'll be enabling artists to produce digital assets with genuine utilities to be tradable with fans and we are 100% here for it ❤️
At a glance 🔎
👉 Salesforce, the CRM provider is helping companies build, manage and integrate NFTs to deepen their relationships with customers.
👉 They're also releasing NFT Management, a platform that allows companies to create and monitor the success of their NFT collections through the Salesforce interface.
👉 Major companies such as Mattel, Scotch and Soda, and Crown Royal all tested Salesforce’s technology with their own Web3 technologies.
🕵️ Scoops take:
Salesforce has been dabbling in Web3 tech since way back in 2018, and boy, have they come a long way. Kudos to them! Following their partnership with Time Magazine last year to create 5,000 NFTs for Miami, this is a huge leap in weaving Web3 into their services. With some heavyweight players and major $$$ on board, having a trusted name like Salesforce behind this could be the ultimate portal for Web2 companies to get on board with Web3.
But let's not forget the bigger picture here... They're not just doing this out of the pure love of the tech. NFTs offer a goldmine of opportunities for brands to gather customer data. And with Apple tightening the reins on its cookie policy, brands will be hunting for new ways to harvest info. The saying "Don't dig the gold - sell the shovels" comes to mind! ⛏️
At a glance 🔎
👉 Major web3 VC backers Gary V, Guy Oseary & Ivan Soto-Wright
👉 Metalink an ‘All-in-one' NFT platform allows users to interact, follow announcements & monitor their portfolios, with transactional capabilities coming later this year.
👉 Intended to simplify the fragmented process for trading NFTs and building community.
🕵️ Scoops take:
Community, community, community! You know we've heard it time and time again, but this one is truly a game-changer. Starting off as a humble private chat app for BAYC fans, it's mind-blowing to see what Metalik's morphed into. We're head over heels for the idea behind Metalink and can't wait to see how it unfolds in the future. Being able to swiftly and securely verify token holders from any collection would be huge, and by streamlining the often daunting process of researching, buying, and engaging with projects, we're inching closer to that sweet, sweet widespread adoption. Watch out, Discord... Wherever Gary goes, attention and cash tend to follow, soooo...
🪙 CRYPTO
Global Cryptocurrency $1.14 Trillion - 24/hour change +5.5%
Volume Traded 24/hours - $79.62.7 Billion +5.92%
At a glance 🔎
👉 Arbitrum, the biggest player in Ethereum Layer 2 Scaling solution is airdropping a token $ARB on March 23rd
👉 $ARB token release will mark the official transition of Arbitrum into a (DAO) decentralized autonomous organization.
👉 Holders of $ARB will be able to vote on key decisions governing Arbitrum One & Arbitrum Nova.
🕵️ Scoops take:
Arbitrum has $3.69B locked into its network and is the clear market leader in ETH scaling solutions making it one of the most token anticipated airdrops in crypto history. If you have been a reader of Triple Scoop for any length, you will know we have suggested exploring projects within the Arbitrum ecosystem. We know what you're thinking.. Do I qualify for the airdrop?
Criteria for the airdrop is based on users' transactions, applications used, and how long individuals have been using the chain. A total of 1.15 billion tokens will be airdropped, which makes up 11.5% of the total supply. We project the market cap for this token on day one of launch will be circa $1.5 billion.
You can check your eligibility here.
Note! - This airdrop will be ripe for phishing scams. ensure you use official links and never give out your private key.
Wen? Now. 🧑🚀💙🧡
— Arbitrum (💙,🧡) (@arbitrum)
1:01 PM • Mar 16, 2023
At a glance 🔎
👉 Silicon Valley Bank Parent company - SVB Financial Group has filed for chapter 11 bankruptcy protection.
👉 SVB Financial is no longer affiliated with Silicon Valley Bank which was shut down by regulators last week.
👉 SVB Financial Group along with its CEO & CFO were targeted this week in a class action lawsuit that claims the company didn't disclose the risks that future interest rate increases would have on its business.
🕵️ Scoops take:
Another one bites the dust Are the cracks starting to show for the US banking system?
It will be interesting to see how far this financial contagion spreads. Whilst the recent banks that collapsed did support the crypto industry, ultimately on a macro level the collapse of centralized institutions is bullish for crypto & decentralized systems.
😡 THE REKT SECTION 😡
We criticised META earlier in the week for abandoning NFTs as we felt this severely damaged the potential for mass adoption.
What we have seen here is a blue-chip project all of a sudden decide to abandon its NFT stance, the foundations on which the community was built.
More details are to follow but the loss of confidence in the project can be shown in the continual drop in the floor price which stands at almost 2 ETH in the last 7 days.
When blue chips are starting to abandon the space it creates more questions than answers and its a move we despise.
Doodles...REKT.
🏆 WEB3 WINNER OF THE WEEK 🏆
Innovation within the space is a key factor for success.
New and exciting ideas get the space engaged and it's a strong way to build a community.
This new invention creates a one-stop shop for all creator tools that make launching an NFT collection and building a community effortlessly.
The invention is called the Creator Hub and has been brought by Coinbase.
Check out more details here.
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 & podcast is not financial advice, it is provided for educational, informational, and entertainment purposes only.
