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SCOOPS OF THE WEEK 

⛓️ NFT’s

• Machi v ZachXBT

• Nike x Fortnite

• Sotheby’s Auction Concludes

👨‍💻 WEB3

• Animoca claims ‘Triple-A Console-Style’ Web3 Games in 2024

• Hong Kong Says Cyberport Attracted 150 Web3 Firms In A Year

• Web3 Chimpanzee To Save The Planet?

🪙 CRYPTO

• Worlds Largest asset Manager files for Bitcoin ETF

• Binance Shuts operations in the Netherlands

• Binance Under investigation in France

• Ripple $XRP partners with Colombia’s Central Bank

🔦 PROJECT SPOTLIGHT

The Most Expensive Mint In NFT History Is About To Take Place.

is Memeland truly The Real Most Valuable Player?

To celebrate Memeland’s 1 year anniversary, the project is ‘teleburning’ 111 NFTs from their treasury over to the BTC Ordinals network from the MVP collection (You are The real MVP) which will be dubbed ‘MVP ordinals’

If you aren’t familiar with the MVP collection, time to get clued up. MVP is the Godfather of the Memeland ecosystem.

MVP Ordinals will be even more exclusive than the original ‘MVP’s with only 111 in circulation. Those who wish to get their hands on one will have to enter an Auction, in classic fashion, the highest bidders will win.

Back when Memeland started the ‘ETH based’ MVP auction managed to fetch an impressive 5.3ETH. Remember, there were no Captainz, and No Potatoz back then, and the community was only just getting started.

The Ordinals Advisor to Memeland is none other than Danny Huuep founder of Onchain Monkey. He is considered an expert in the Ordinals arena and is highly respected by Ray the founder of Memeland.

It’s clear that Ray & the team at Memeland are taking their venture into Ordinals seriously. Not only are they migrating a portion of ‘MVP’ across but they have also announced that they will be dropping a ‘BRC20’ token at the same time as they launch $MEME token.

When one of the most prominent projects of the time takes a big leap into Ordinals, we don’t know what more convincing you may need if you haven’t started exploring them yourself already.

Given that the current floor price for ‘MVP’ on ETH is 63ETH and that ‘teleburning’ MVP over to Ordinals will increase their scarcity even further, we will not be surprised to see the auction mint rally as high as 70-120ETH.

Sound Crazy? Let’s wait and see.

⛓️ NFT’s

• NFT Total Market Cap $6.53B - 24/hour change -0.23%

• Volume Traded 24/hours - $22.7M +11.56%

• Market sentiment is holding up!

• Following last week’s mega generative Art Sales, the majority of the market has held pretty steady.

• Interestingly Yuga ecosystem including BAYC & MAYC has slid down in Floor price and is underperforming somewhat. Despite that Whale investors look to be piling in and picking them up for a bargain.

• When we look back 18 months, it was Yuga mania, but right now it really feels like Memeland & Degods are taking center stage in the battle for relevance & market dominance.

• The generative Art category especially Artblocks have been holding up well and to be honest, it always has. Art is Art, you don’t need continuous initiatives to keep communities engages.

• The Bitcoin Ordinals market isn't slowing down anytime soon, the pace of new projects hitting the scene is increasing, and secondary sales volumes are insane.

Whales Are Scooping up:

• MAYC

• BAYC

• Beanz Official

• Azuki

• Bored Ape Kennel Club

Machi v ZachXBT

At a glance 🔎 

• Machi, who was part of the largest NFT dump ever that included 90 BAYC and 112 Azukis, has sued popular blockchain investor ZachXBT.

• Machi accuses ZachXBT of libel following the accusation of fraud made on a social media post.

• ZachXBT has responded to the claims suggesting they are baseless and an attempt to chill free speech.

• ZachXBT has opened a wallet to help with the potential legal costs and raised over $840k in 24 hours with big donations from the likes of CZ.

🕵️ Scoops take:

As it’s an ongoing legal dispute, the less we say about this the better.

What we will comment on is the immediate narrative that we are seeing and that is mass support for ZachXBT whose work in the space has been massively respected.

We hope this one is amicably resolved ASAP as the last thing we need to see in the space is Civil War.

Nike x Fortnite

At a glance 🔎 

• Fortnite, which averages 25m daily active users, is adding in-game items for holders of Nike NFTs.

• The collaboration will feature Nike-designed skins, cosmetics and special rewards as well as an Air Max-themed experience.

• A teaser was shared by Nike for an “ultimate sneaker hunt” on Fortnite beginning June 20th 

🕵️ Scoops take:

If you are going to pick a game to get your NFTs involved with then pick the game that had an estimated 243m users in the last 30 days.

Not that Nike need the exposure but sometimes the best partnerships happen when it is the two market leaders of their sectors coming together.

Nike recently partnered with another gaming giant EA and even though both are keeping fairly quiet about what is to come, there has never been a bigger time when the virtual world can mirror the physical.

In this case, will the skins for avatars be physical, who knows but Nike is really laying down a marker in their NFT journey.

They are taking “Just Do It” to the depths of the Metaverse.

Sotheby’s Auction Concludes

At a glance 🔎 

• The Goose took all the headlines last week, but there was a whole host of NFTs up for grabs.

• In total, 37 pieces were sold bringing in over $10.9m

• The bankruptcy case is continuing and these sales have made a small dent in what creditors are owed.

🕵️ Scoops take:

What was remarkable about the latest auction, aside from the Goose fetching $6.2m, is the comments of two Sotheby’s employees saying it was the youngest audience they had seen in the salesroom, with many first-time bidders in their 20s and 30s raising their hands for six-figure NFTs.

Whether it was a case of those in attendance seeking a bargain or creditors trying to take their own jabs at 3AC, it is amazing for the space that there is a wave of new money cementing their place.

It is vital for the future of NFTs that there is significant value that can be on par with Cars, Properties, Watches etc. What these auctions have confirmed is that there is no doubt a high-end market for NFTs where the items can be respected with high value.

The majority of creditors shouldn’t be holding their breath regarding 3AC but the bullish sentiment of the sales paints a positive future.

THREAD OF THE WEEK

Looking for a consolidated Thread of the hottest upcoming BTC Ordinals NFT Projects? Look no further frenzz

🌐 WEB3

Animoca claims ‘Triple-A Console-Style’ Web3 Games in 2024

At a glance 🔎

• Robby Yung, CEO of Animoca Brands, predicts that triple-A console-style games built on Web3 technology will emerge by 2024.

• Yung believes that the development of these games will boost the adoption of blockchain technology, as games are a highly engaging and popular form of media.

• Animoca Brands, known for its partnerships with well-known brands and IP, aims to be at the forefront of this transition, working to bring traditional game franchises to the blockchain.

🕵️ Scoops take:

The intersection of gaming and Web3 is on the brink of a revolution and its it’s no surprise that Animoca Brands are the firm leading the charge here. Robby Yung's bold prediction of triple-A console-style games arriving on the blockchain by 2024 not only shows the rapid progress in technology, but also its potential to shake up the gaming industry.

By harnessing the power of Web3, these games will redefine user engagement, potentially creating a richer, more interactive experience for players. Moreover, this leap could serve as the much-awaited catalyst for blockchain adoption in the mainstream arena. Better strap in; the pixelated landscapes of our favourite games are about to become the frontiers of the Web3 world.

Hong Kong Says Cyberport Attracted 150 Web3 Firms In A Year

At a glance 🔎

• Hong Kong's digital technology park, Cyberport, reported that it attracted 150 Web3 companies over the past year, indicating a burgeoning interest in the blockchain and Web3 sector within the city.

• Cyberport has positioned itself as a leading global hub for digital technology, housing a vibrant ecosystem that fosters innovation, collaboration, and development for tech startups.

• The government-backed park, which accommodates more than 1,700 companies, offers resources like funding, mentorship, and networking opportunities, contributing to Hong Kong's reputation as a key player in the global Web3 landscape.

🕵️ Scoops take:

Hong Kong's Cyberport is undeniably becoming a central hub in the pulsing heart of the Web3 ecosystem, as evidenced by its substantial influx of 150 Web3 companies in just one year. This movement not only highlights the city's commitment to fostering digital innovation but also the allure that such collaborative and resource-rich environments can exert on Web3 entrepreneurs.

As global interest in blockchain technology continues to surge, the growth of Cyberport spotlights Hong Kong's potential to serve as a pivotal player in the next chapter of internet evolution. The ripples of this transformation extend beyond the city, paving a future where Web3 is deeply integrated into our global digital infrastructure.

Web3 Chimpanzee To Save The Planet?

At a glance 🔎

• ChimpZee, a Web3-powered platform, aims to combat environmental issues by promoting sustainable practices and wildlife conservation, harnessing NFTs and blockchain technology.

• ChimpZee has built a gaming universe where players can earn rewards while supporting real-world ecological causes. Each in-game action contributes towards real-world projects such as tplanting.

• The project not only delivers an engaging gaming experience, but also creates a community around conservation, allowing players to understand their impact and see real-time progress of supported projects.

  🕵️ Scoops take:

  Enter ChimpZee, a gleaming example of Web3's potential in marrying entertainment and noble causes. This project cleverly employs the fascination of gaming and NFT rewards to foster a community motivated by eco-action. What it offers is a breath of fresh air: an immersive, fun-filled universe that impacts real-world conservation efforts, transforming gamers into planet warriors. This fusion of tech and eco-consciousness isn't just a game changer, it's a planet changer, proving that blockchain can indeed be an ally to our environment.

🪙 CRYPTO CRUNCH

• Crypto Total Market Cap $1.07T - 24/hour change +0.61%

• Volume Traded 24/hours - $28.91B 44.63%+

• The Bulls took control the last few days.

• As suggested last week, if we broke past $25,650 for BTC we would see moves upward, and that we did.

• Targets are still set in sight for $32K for BTC with the next major resistance point being $27.3K for BTC which must be broken to push higher.

• Bitcoin dominance just crossed 50% which means that should Bitcoin keep rallying, it is likely to outperform most Altcoins, apart from some outliers.

• Short term we may still see some choppy action. For the mid to long-term, we are extremely bullish on crypto with a number of catalysts coming to propel the markets forward. These being ‘Blackrock ETF’, Bitcoin Halvening ‘May 2024’, and China relaxing their stance on crypto.

Crypto narratives to focus on this summer

• - AI Tokens

• - Decentralised Exchange Tokens

• - Liquid Staking derivatives projects

• - Metaverse & gaming tokens

• - RWA - Real-world Asset tokens

• - Cross Chain Projects

• - ‘Real Yield’ Bearing tokens/projects

  Top stories

• Do Kwon sentenced to 4 months in prison

• Is China about to turn on the money printer?!

• UK Lawmakers edge closer to crypto adoption

😡 THE REKT SECTION 😡

FTX

Whilst the Bankruptcy case slowly trundles on with investors/creditors patiently waiting on some form of good news it has transpired that a lot of money is being paid out, just not to those who are on the list.

A recent report has revealed that $10m per week is leaving FTX to pay financial and legal advisor fees. The total sum of $120m was paid between the 1st of February and 30th of April with a grand total of $0.00 going to victims.

With no real movement in the case we anticipate there will be many more of these payments regularly going out whilst the victims are expected to sit on their hands and patiently wait.

The sooner this trial gets a move on, the better.

🏆 WEEKLY WINNER 🏆

Everything that the project touches turns into gold.

Well now an investor has been able to get their own slice of gold and it was all in the space of 5 days.

An investor purchased De God 1694 which is ranked 189 for 50 ETH on the 13th of June before flipping it for 63.33 ETH just 5 days later.

A tidy profit of 13.33 ETH ($23,020)

Even though the outlay was big, there are still massive profit opportunities out there, so don’t let the bear-market scare you.

And that's a wrap for today gang!

Love and sprinkles as always, catch you back here soon for the latest

~ Scoop~

*Disclaimer*

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