GM Scoop Family. You've been missed. Now let's dive in.

🍦STATE OF THE MARKET

• NFT Total Market Cap - $22.86B - 7 day change  +0.89%

• Volume Traded Prev 7 Days - $214M +14.17%

We don't agree with the market sentiment. Here's why.

The market is cool apparently. We promise we are more bored writing this than you are reading it.

But the reason we say this is because we actually don't agree with the rest of the market. Why? The market is showing signs of waking up.

Crypto bears have been on the back foot with ETH & Bitcoin showing strength with some analysts saying we could be on the push for $30K BTC. But it's not just crypto, the NFT market has shown some gusto over the past few weeks. Opensea's January sales volumes of $320 million with still a week to go, compared to December's $283.5 Million. Month on Month growth for the NFT market has not been seen since April 2022.

We suggested in an earlier post that the Crypto/NFT markets behaved similarly to they are now before a parabolic move in NFT floor prices.

Stay tuned and remember memes will always pump, but projects with strong leadership and active communities will also shine bright in the long term.

🍯 THE MELTING POT

How has our basket of NFT gems performed this week? Let's dive in.

Below are the individual % changes in Floor price for each of our selections since we decided to APE in.

The Plague OG - Current 0.846 ETH - (-51%)

Lil Pudgy - Current 0.62 ETH (-25%)

WonkyStonks x2 - Current 0.31ETH (0.62ETH total) (+6%)

Sappy Seal - Current 1.12 ETH (-38%)

Friendship Bracelets - Current 0.4 ETH  (+24%)

Total Melting Pot value Current - 3.6 ETH

ETH value Melting Pot Performance since 5th Jan (-32%)

Market Performance - Denominated in ETH- -0.92%

Trade Change to the 'The Melting Pot'

As of today the 24th of Jan, we are selling x2 Wonky Stonks for 0.62 ETH and Purchasing another 'Lil Pudgy' for the price of 0.62ETH.

Why? We are bullish on the long-term vision of the Pudgys.

• Backed by a serial entrepreneur - Luca Netz

• Relentlessly attempting to build one of the worlds biggest brands.

• Innovating with Soul Bound tokens & sub communities

• Held by a number of whales and influential collectors.

Update: We were running a competition to win an in-real-life Adidas x Bored Ape Yacht club Tracksuit.

This is still on but we experienced a technical issue with our referral program. Rest assured this will be back on come Friday's newsletter.

Have a think of who you could refer! The race will be on!

Where would we blow our ETH ?

Right now, the Yuga Sewer Passes could be an interesting entry into the ecosystem. Now.. they have rallied over the past few days, but don't say we didn't give you a heads-up.

The collection currently sits at 2.9ETH Floor. If you want to know more about the passes you can refer to our previous issue on 'Everything you need to know about Dookey Dash' - Here

Holding a Sewer Pass will grant you entry into a Yuga skill-based mint experience, but rumor has it, if you can navigate through to the end, you could end up minting a 'Mecha Ape' suit in the grand finale.

🍦SCOOPS OF THE WEEK

🍦Porsche Launch Details Revealed

🍦Binance Take a Stricter Approach

🍦Blur Tokens Delayed

🍦Doodles Snaps Up Animation Studio

Porsche Launch Details Revealed

The waitlist opened in July and some minor details were shared before Christmas but the project has now hit max speed with the majority of details being released.

The last update before Christmas was that they would be launching 7500 NFTs to be used in a "virtual world"

The details known shared were:

1. The collection will be launching in January.

2. Users will be able to customize the features of the cars which will all be the 911 model.

3. The collection will be designed in Epic Games' Unreal Engine 5 so the belief is gaming interactions are coming.

The latest development from Porsche is as follows:

The company have confirmed that the collection will be 7500 items with each having a mint price of 0.911 ETH with each item being made available in 4 separate waves.

The full mint is to take place on the 23rd of January and each wave will begin at a different time:

The 4 waves are as follows:

Wave 1 - Hold a Porsche POAP, a partner NFT and be registered on the following website here.

Wave 2 - Hold a partner NFT and be registered on the same website.

Wave 3 - Hold a Porsche POAP and be registered on the website.

Wave 4 - Be registered on the website.

Even though the company have long-term plans in the space, they have stated that minting from this first collection will mean you are placed in the "Pioneers Circle".

The Pioneers Circle will provide utility such as the chance to co-create the company's Web3 future, limited merchandise, access unique traits, join a private Discord and attend virtual/IRL events. There will also be exclusive airdrops in the future.

As revealed before Christmas, Users will be able to customize the features of the cars which will all be the 911 model however, it has been revealed that there are over 150,000 possible design combinations so you can make your NFT truly unique.

BMW wasn't far behind with their plans but no sat-nav will make them reach Porsche's current destination any time soon.

Binance Take a Stricter Approach

Now that the season of giving is out of the way, Binance has wasted no time in tightening the screws with their latest announcement.

The company has announced that starting February 2nd, they will delist all NFTs listed before October 2nd 2022, with an average daily trading volume lower than $1000 between the 1st of November 2022 and the 31st of January 2023.

They also announced that NFT artists can only mint 5 collectables per day.

All projects that fit the above criteria will be automatically de-listed with the NFTs to appear in the owner's wallet afterwards.

They released the following statement shortly after the announcement:

"Users can report NFTs or collections that may violate Binance NFT minting rules and terms of service. Our due diligence team will actively review reports of fraud or rule violations and take appropriate actions".

We attach a full copy of the press release here.

Blur Tokens Delayed

It's been a while since we shared the new highly anticipated marketplace, Blur, October 25th to be precise.

The latest update however is one of frustration.

The launch of the native BLUR token which was planned for this month has been delayed until February 14th.

The reason being is that the company are trying to sort out some behind-the-scene details.

In positive news, they have said that the extra few weeks will allow them to deliver a launch that hasn't been done before and Airdrop 3 will continue until then.

We remain bullish on BLUR due to the core functions of the marketplace. Listings pop up instantly, buying is quick, there are gas presets that you can play with and the floor depth display is impressive. Information is concise and well-distributed in the interface and everything fits in so you are not endlessly scrolling for the information you seek.

Doodles Snaps Up Animation Studio

Another blue-chip project making positive moves, it certainly catches on.

Doodles have acquired the transatlantic animation studio, Golden Wolf.

The financial aspect of the deal was not revealed however the Golden Wolf team will join Doodles with the current CEO of Golden Wolf, Ingi Erlingsson, to become Doodles' Chief Content Officer.

In case you have not heard of them, Golden Wolf is known for producing content for Rick & Morty, Disney, Illumination, Nike and Facebook and they plan with this acquisition to be a part of longer-form original content development.

This is a really exciting time for the project which has a current floor price of 7.7 ETH.

🏆SCOOP'S WEEKLY WINNER

You'd have thought the free mint craze may have stopped but you'd be wrong to think so.

This project launched on the 13th of January and the floor has only gone in one direction.

With only 2500 items in the collection, the project has 2143 ETH of volume.

With 18 sales until a 2 ETH floor and the reveal not taking place until the 4th of February, this is certainly a project to keep your eye on.

From a free mint to a 1.82 ETH floor, there is only one winner this week...well done Createra Genesis Land

THE REKT SECTION 😡

This was a story that we initially missed at the time but it's certainly big enough that it has to be shared in this section.

It's the first case where a prison sentence has been handed down for cryptocurrency insider trading.

Nikhil Wahi...You have been REKT

Nikhil is the brother of a former Coinbase product manager and admitted to making trades based on confidential information from Coinbase making nearly $900,000 in profits.

It turned out Nikhil was trading ahead of 40 different Coinbase announcements.

As he is set to begin his sentence, we imagine being in this section is probably the least of his worries right now.

🤡 WHOEVER CONTROLS THE MEME CONTROLS THE UNIVERSE

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.