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SCOOPS OF THE WEEK 

⛓️ NFT’s

• Legends of the Mara update!

• Nouns Dao wants to team up with Pudgy Penguins

• Royalties Hit 2-Year Low

• Diamond Apple Watch Cuffs Authenticated By NFTs

• Is Blur Prolonging The Bear?

👨‍💻 WEB3

• Metamask Update

• Super Mario is stealing user’s digital assets

• You can now purchase NFTs on Twitter

🪙 CRYPTO

• More Binance FUD - Can they ever catch a break?

• ETF Approval Unlikely to have a major impact on crypto?

• Celebrity Gossip - Taylor Swift agreed $100M deal with FTX

• MultiChain Hacked for $130M

⛓️ NFT’s

• NFT Total Market Cap $5.94B - 24/hour change -1.22%

• Volume Traded 24/hours - $6.9M -32.04%

• Christ. The sentiment can’t get much worse to be honest & volume has taken a beating.

• We have seen rallies across the collections that have been rumored to be involved in the upcoming ‘Legends of the Mara’ game from Yuga.

• Nakamigos have also rallied well over the last week.

• Whilst the wider sentiment is bleak, most serious collections with strong communities and building teams are holding respectable floor prices and it is likely that due to most ‘Shit’ collections grinding to an absolute halt is causing depression across market participants

• Like we said last week, NFTs aren’t going anywhere, but a change in market dynamic may be upon us, which ultimately breeds excitement and attracts new players.

• Remember, shiny new object syndrome, were just eager to understand what will come next.

Whales Are Scooping up:

• Azuki Elementals

• DeGods

• Azuki

• Mutant Ape Yacht Club

• Azuki Elemental Beans

🍦SCOOP PREMIUM IS COMING

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Dont worry! Nothing changes for our free readers, but for those who are interested in extra sprinkles & a cherry on top for less than the cost of an ice cream per letter, you can expect scoops of the following additional content

• Regular In-depth review of pre-launch projects

• NFT & Crypto Trends Predictions

• Undervalued NFT projects picks.

• Undervalued Crypto ALT coin picks

⛓️ NFTs

Yuga Drops Legends of the Mara Teaser 

At a glance 🔎 

• On Thursday 6th, Yuga dropped a teaser that shares what is in store for the highly anticipated Game release ‘Legends of the Mara’

• The poster shows ‘Blue’ the Koda sitting round a table with a number of other characters from different PFP collections, confirming their involvement in the game.

• Characters from other collections include Meebits, Apes, Forgotten Runes Wizards, Cryptoadz, Worlds of Woman, and Mutant Hounds, among others

• Is this the Biggest NFT collab yet?

Following the Yuga Fud, they had to come out swinging to appease the Ape community. And that they have. Their new teaser poster has unveiled a wide roster of characters from other NFT collections. The teaser shows that not only is Yuga very serious about this game, but they also have the backing and support from experienced outside teams who are keen to make this a success.

Nouns Dao wants to team up with Pudgy Penguins

Royalties Hit 2-Year Low

At a glance 🔎 

• The amount of royalties received by NFT Creators has reached its lowest point since July 2021.

• The heaviest link to this fall is the bear market conditions that the space has gone through.

• Projects also removing automatic royalty rights have also led to the slump.

  🕵️ Scoops take:

There has always been a strong debate when it came to royalties. On one hand 0% royalties allow for more free trading of the project’s NFT and on the other hand the aligned incentive between creators and holders changes.

We have always been consistent in our view in that we have never been fans of 0% royalties as this totally removes any opportunity for sellers to show some gratitude to artists. But we believe projects should enable other revenue models outside of royalties, it is clear which collections have been able to do so & which haven’t.

That being said for ‘Gen Art’ collections dropped by artists and purchased simply for the love of art, we do feel royalties have revolutionized the art industry.

It is a tough one, but it is clear that ‘Launching a mediocre 10K PFP collection, designed by a guy on Fiverr’ and getting stinking rich off sales volumes and royalties are gone.

Diamond Apple Watch Cuffs Authenticated By NFTs

At a glance 🔎

• La Maison Steel has launched the luxury Apple Watch cuff that contains an NFC chip tied to a Polygon NFT.

• “Born On Blockchain” Smrt Kuffs start at $290.00 and range from entry-level leathers to limited edition made-to-order jewelry specified.

• Nicola Steel, the founder, wants to onboard more women to blockchain technology.

  🕵️ Scoops take:

The Wearable tech industry is growing, and incorporating NFTs into garments & jewelry is a clear way to unlock digital experiencs & extend the capability & use cases for physical items.

One of the best ways to onboard the masses is to introduce tech that benefits the users in a seamless manner.

We look forward to seeing how this space progress. Mass adoption onwards!

Bitcoin Ordinals Hits 15 Million Subscriptions!

• The Bitcoin Ordinals which was once thought to be a passing fad has hit an all-time high number of Inscriptions (Individual NFT equivalents)

• Innovation on Bitcoin has truly revolutionized the grandfather of Web3. Opinions have changed from seeing Bitcoin as the old ‘Dumb Orange Rock’ to a hive of innovation and activity with a bright future.

• Lesson - Never Fade the King ‘Bitcoin’

Is Blur Prolonging The Bear?

At a glance 🔎 

• Traders have wasted no time in blaming the Marketplace Blur for the current bearish state of the market.

• The main criticism is aimed at the high flipping incentives which dominate the activity in the Marketplace.

  🕵️ Scoops take:

Blur has surrounded itself in controversy within the Space since its arrival back in October. Their sudden rise to competing for the number 1 spot in the Marketplace wars meant it was always going to face intense scrutiny.

Pacman does have a point in that some projects have gone up and some have gone down and as we shared with you earlier in the week, the current floor prices of the biggest projects over the last 12 months look like this: Punks -30.77%, BAYC -61.21%, Moonbirds -93.57%, Doodle -89.38%, Azuki -37.98%, Pudgy Penguins +180.74%

The main criticism which does seem to be widely accepted by the space (shared by prominent investor Gee_Gazza) is that Blur with its incentives is naturally slowly tearing down projects by removing any form of confidence in the market.

The setup encourages whales to mass buy, list and dump tokens as quickly as possible repeatedly.

One thing that we will say is that many of the largest projects hitting lows not witnessed in a long-time remove this closed-shop idea and entry has never been so accessible in the ecosystems.

THREAD OF THE WEEK

Well, following the release of ‘Threads’ from Meta, everyone is busy engagement farming over there and Twitter has been quiet for the last 24 hours.

The family will come back.

In the meantime here is a Tweet from Zeneca as to what to do in a bear market.

🌐 WEB3

Metamask Update

At a glance 🔎

• The largest Crypto wallet company has shared its latest changes to improve user experience.

• They took to Twitter to announce v10.33

• Changes include; a cleaner layout, more intuitive site connections and network and account selection

• They put the changes down to customer feedback to enable a “simpler Web3 Journey”

🕵️ Scoops take:

The more new websites/companies/projects/utilities/rivals come to the market the better the situation for us users.

With the never-ending competition, user experiences will always be naturally improved as each competitor strives to be better than the last.

As regular users of Metamask, we look forward to the new changes that Mr Fox has served us.

Super Mario Is stealing user’s digital assets

At a glance 🔎

• Cybercriminals are distributing a modified version of the Super Mario 3: ‘Mario Forever’ game installer containing malicious software.

• The installer includes an XMR Miner for mining Monero and Umbral Stealer for stealing sensitive information from victims' machines.

• Umbral Stealer is effective at compromising social media and gaming accounts, capturing screenshots, and accessing webcam footage.

• Fan-made versions of Super Mario, such as Mario Forever, are popular on PC due to the limited availability of official Nintendo games on non-Nintendo platforms.

🕵️ Scoops take:

“Mamma Miaa!”

When their money is at bay, scammers will play, and in this case in the form of our childhood favorite Mario!

Incidents like these highlight the importance of being cautious when downloading content from unofficial sources, especially when it comes to gaming and software installers.

The report from Cyble Research & Intelligence Labs indicates that the modified installer for Super Mario 3: Mario Forever contains an XMR Miner and Umbral Stealer. The XMR Miner is a program that mines the privacy-focused cryptocurrency Monero, utilizing the victim's computer resources without their consent. Umbral Stealer, on the other hand, is designed to extract sensitive information from the victim's machine, including browser-stored logins, credentials, cryptocurrency wallet keys, session tokens, and even compromising social media and gaming accounts.

To protect yourself from such threats, it is advisable to follow some best practices:

1. Download from official sources: Stick to reputable platforms and official sources for downloading games and software. Official app stores and trusted websites are less likely to host malicious content.

2. Exercise caution with unofficial content: Fan-made or unofficial versions of games and software may carry a higher risk. Be cautious when downloading from unofficial sources, as they may not undergo the same level of scrutiny as official releases.

3. Be vigilant with mods: Mods can enhance your gaming experience, but they can also be potential sources of malware. Only download mods from trusted websites and verify their authenticity before installation.

4. Use a password manager: Instead of saving passwords in your browser, consider using a password manager. Password managers securely store your credentials and can help prevent unauthorized access to your accounts.

5. Stay skeptical of too-good-to-be-true offers: If a website or source is offering something that seems too good to be true, such as an unreleased game, exercise caution and verify its legitimacy before proceeding.

Stay vigilant folks

You can now purchase NFTs on Twitter

At a glance 🔎

• NFT Inspect, a popular NFT analysis tool, is partnering with MoonPay to allow Twitter users to purchase NFTs and cryptocurrencies through its Chrome browser extension.

• The Chrome extension provides real-time data on popular NFT collections used as Twitter profile pictures and offers a Twitter NFT Search tool to analyze blockchain data about the collections.

• The partnership with MoonPay enables NFT Inspect users to buy a variety of cryptocurrencies using MoonPay's payment infrastructure to then purchase NFTs.

• NFT Inspect was revived under new ownership in March and has been expanding its suite of tools for monitoring market trends, including a recent partnership with Polygon Labs.

  

  🕵️ Scoops take:

‘Twitter users’ which we can only assume is most of us… can now shop for digital assets directly on the blue bird app thanks to NFT Inspect and their newfound buddy, MoonPay. This dynamic duo is teaming up to bring you the ability to purchase NFTs and cryptocurrencies right from your Chrome browser extension.

NFT Inspect's Chrome extension is no ordinary tool. It's like having your own personal NFT detective, giving you real-time data on NFTs that we all proudly boast as profile pictures.

Curious about someone’s PFP, want to know if it’s for sale? The tool has you covered.

NFT Inspect is now integrating MoonPay's payment solutions, so you can satisfy your crypto cravings in style. Debit cards, Apple Pay, Google Pay, local bank transfers—pick your preferred payment method. Opensea who?

NFT Inspect rose from the ashes like a phoenix, reviving itself under new ownership. They were on the brink of shutting down, but are now back fighting fit. They've even partnered with Polygon Labs to accelerate adoption. A classic comeback story, but for NFT analysis tools.

The real question we are asking though, Wen will the tool be implemented on ‘Threads’?!?

🪙 CRYPTO CRUNCH

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• Crypto Total Market Cap $1.17T - 24/hour change +3.13%

• Volume Traded 24/hours - $41.11B +16.72%

• Overall we are macro-bullish for crypto, the ecosystem is more diverse than ever, with some of the biggest institutions in the world wailing in.

• We are Just hovering around the $31K mark for $BTC, but a retracement to the $28-29K region is anticipated.

• Following a dip sights are still set set on breaking through the $32.5K.

• As shared last week, you can still expect some sideways chop for now.

• If you are investing, stay cautious, and await clear direction if you are looking for an entry.

  Crypto narratives to focus on this summer

• - AI Tokens

• - Privacy 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

• More Binance FUD - Can they ever catch a break?

• ETF Approval Unlikely to have a major impact on crypto?

• Celebrity Gossip - Taylor Swift agreed $100M deal with FTX

• Multichain Hacked for $130M

😡 THE REKT SECTION 😡

Sega

They trademarked the concept of its own NFT in the peak of the last bull market but now due to the market conditions, has put everything back on the sidelines.

The reason for this is due to the potential “devaluation of its content”

They have also suspended plans to develop blockchain games and have said play-to-earn games are boring.

The annoying thing about this is, as a huge gaming giant of the Web2 world, they had the potential to really bring something strong to the space. However, if they are only interested when the market is booming, it raises concerns about their true motives.

An opportunity seems to have gone for a mass onboarding to the space and they clearly didn’t have enough conviction in what their plans really were.

🏆 WEEKLY WINNER 🏆

Ordinals

Despite the tricky environment the market is producing, Ordinals have had an extremely positive Q2 of 2023.

The latest quarterly report shows that they surpassed $210m of trading volume which is a huge increase from the $7.18m of the 1st quarter.

Things have really looked positive for the Bitcoin market, as they surpassed Solana as the second-most popular NFT Blockchain.

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.