State of the market ⚡

We’re still riding choppy seas at the moment, the NFT blue-chip index has taken a dip over the last 7 days, and the crypto markets have taken a slight pullback today, with $ETH dropping down to around $1500. What is interesting to see is that total NFT holders continue to climb week on week. We are currently sitting at 2,822,667 total unique addresses, which is at an all-time high, looking at that metric NFT adoption continues to rise.

With regards to overall market sentiment, we are still chilling on Ice. We are at that point where friends and family are telling us that crypto & NFTs are down.. “thanks Carol.. we only write a newsletter twice a week on the subject” Overall this time is a great opportunity to be patient, stack ETH & level up your knowledge and skills within both the NFT & crypto ecosystems.

But how can we level up our skills we hear you cry… How about a guide on how to source NFT alpha Twitter accounts. Let’s dive in.

Guide on Finding NFT Alpha Twitter accounts 101 🧠

• First things first, make a list of all the NFT projects that have been successful. What you deem successful could be different from somebody else. So for simplicity, let’s look at 10K PFP projects with a Floor price around 10ETH & some Ecosystem Pass projects.

• Here are a few pointers. Bored Ape Yacht Club, Moonbirds, Meebits, AZUKI, Clone X, Doodles, Proof Collective, You the real MVP, Admit one, HangoutDao.

• The point is.. look at any projects you may have missed but you wish you knew about earlier. We are about to take you back in time to show you who was talking about these projects before they hit the masses. for this example, we’re going to use the Bored Ape Yacht Club.

• Research when Bored Ape Yacht Club Minted (April 23 2021)

• Open Twitter on your desktop browser, in the search bar at the top right you will see 3 dots.

• Click Advanced Search > In the ‘This exact Phrase box, type "Bored Ape Yacht Club". This will search for people tweeting this phrase in the time frame we are looking for.

• Remember we researched when they minted. Next, let’s use that date. We have used the date range March 10 2021 to May 31st, 2021 to see if we can find individuals who were in the know before they launched.

• Run search.

• Just like that, you have found the Twitter accounts that were some of the first OGs to mint ‘Bored Ape Yacht Club’. What else might these guys be ahead of the game on??

• Assess the Twitter accounts you find. Are they still active in the game? If you could learn more from these profiles moving forward then you can create specific lists on Twitter to add them into. Visit the list when youre on the hunt for new alpha & cut through the noise. Here is one of our favorites from the recent search. This was tweeted on the 24th of May 2021. The price of BAYC then was just 0.49ETH.

Scoops of the Week 🍦

🍦GameStop speaks out following offensive 9/11 NFT

🍦Class Action lawsuit heading for Yuga Labs

🍦Metaverse Courses to begin at Tokyo University

GameStop speak out following offensive 9/11 NFT

We told you last week that Gamestop NFT marketplace was heading in the right direction after surpassing Coinbase NFT’s lifetime volume in 48 hours…..well they have had 72 hours from hell!

Artist, “Jules” created a deeply offensive NFT called “falling man” which was based on a photograph of a man jumping from the World Trade Centre during the September 11th 2001 attack.

The image went viral with all users horrified at the content…..we can confirm all PR is not good PR.

After 24 hours GameStop have finally spoken out of what action has been taken which is as follows:

• The NFT has been removed from the marketplace

• The Artist has had their minting ability removed

• They have been in contact with the Artist about their actions

Will they be able to recover from this PR disaster…..time will tell

Class Action lawsuit heading for Yuga Labs

Just like Elon Musk, Yuga Labs can’t keep themselves out of the headlines.

Law Firm Scott + Scott is collating a Class Action lawsuit against Yuga Labs on behalf of investors who want to "seek restitution for losses" relating to the firm's tokens and NFTs.

The firm claim that investors were "inappropriately induced" to buy financial products including Bored Apes and ApeCoin with Yuga Labs using "celebrity promoters and endorsements" to inflate prices.

Yes Ape Coin did reach highs of $26 and dropped to $3 however Bitcoin also dropped from $67,000 to $20,000 and with a bit of DYOR you’d have known Ape Coin was due to fall following the land sale…..there’s our 2 pence!

The papers are yet to be filed and Yuga have not responded but that hasn’t stopped the potential lawsuit being laughed out the virtual window by the crypto twitter community.

One thing we will add is even if our favorite celebrity told us to buy a Bored Ape, they are currently going for $120,000 so it’s not like buying some candy at the store!

Metaverse Courses to begin at Tokyo University

Engineering…hmm, Law….not sure, Medicine….erm, Metaverse….Boom that’s for us!

The University of Tokyo which currently has around 30,000 enrolled students will begin to offer a variety of courses all things Metaverse.

The aim for these courses is to create skilled personnel for the emerging digital technologies and will include Cryptocurrencies and NFT’s.

Being a graduated degen… yes please!

Scoop’s Weekly Winner 🏆

Remember we told you about GODA mint pass in our 10th June newsletter….. in case you forgot here’s a reminder:

The Goda Mint Pass offers holders of the NFT exclusive access to Goda artists and drops by giving holders priority mint and allow-list opportunities for all Goda artist drops.

Collections of over 5000 items will give NFT holders 2 mints. Any collection of 1500 - 5000 will give holders 1 mint and anything less than 1500 will be treated on a case-by-case basis.

Well, this week’s winner is The Goda Mint Pass following the latest drop last week……Nina's Super Cool World

The 5.1k collection quickly sold out at the mint price of 0.5 and given the collection size meant holders of the Goda pass received 2 mints.

The Floor rose to a high of 1.13 ETH so if you minted both you could have made a tidy 1 ETH profit.

The art is neat and is certainly unique.

With the potential of a quick 2x this weeks winner goes to those who minted Nina's Super Cool World and those that hold The Goda Mint Pass.

REKT SECTION 😡

Rug pull we hate to see it……Sea Raiders…..welcome to REKT

Of course in true Rug pull fashion, the Twitter page has disappeared and the project appears as if it never existed. So, what happened?

Leo the Captain was the mastermind behind this project, 5555 pirate NFTs that were a free mint due to launch 24th July 2022.

Unfortunately, during the minting process, it quickly transpired that this project was a complete rug with minter’s wallets being drained following connection to the mint page.

In true pirate fashion, following the theft of minter’s NFT’s, the project was shut down and Leo the Captain fled with the stolen goods.

As always, we will take this opportunity to beg that you always do your own research and even then it is worth using a burner wallet to mint to ensure that your precious assets will be protected.

Where would we blow ETH this week?

Potatoz 🥔 by MEMELAND

We are putting our money where our mouth is this week. Full disclosure, Just 2 days ago, NFTScoop purchased 3x Lava ‘Potatoz’. On top of a hard-hitting set of advisors, the Pototoz is a ticket into the Memeland ecosystem & speculation is surrounding they will in some way help you grant access to the memelist. On top of that, the news just broke today that Memeland has onboarded another ‘Heavyweight’ as an advisor. No, we’re not talking about Anthony Joshua… It’s @Adriancheng. As the name suggests Cheng is part of the ‘Cheng’ family, who is one of the wealthiest families in Hong Kong, he is a property tycoon & CEO of New World Development, Founder of K11 Brand, C Ventures & Eureka Nova. To get your juices flowing he was an early investor in ConsenSys, RTRKT & Sandbox.

This project may dip further in price, but at the current floor of 0.67ETH we are certainly happy to take the risk on this ecosystem & project. During more uncertain market conditions, it’s super important to back builders with long-term prospects and vision. 9GAG MEMELAND certainly does.

Scoop Risk Rating - 6/10

There are 10 Potatoz up for grabs! Enter here at Premint for your chance to win a Free Potatoz NFT worth 0.7ETH - ENTER NOW

Whats Dropped? 💧

LEDGER MARKET GENESIS NFT

[ Ledger ] Market is the most secure platform for artists and brands to release their NFTs, where Ledger customers can securely connect through Ledger Live and clear sign their transactions. By becoming a holder of the Genesis Ledger NFT you can be the first to access exclusive collaborations, Ledger hardware, software, and services.

The opportunities for big NFT collaborations are strong with this one, in fact, they have already partnered with RTFKT.

Disclaimer

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

NFT’s can be highly illiquid markets, causing sharp drops in prices due to changes in narratives and trends.

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