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

🍦SCOOPS OF THE WEEK

🍦FBI Seize BAYC, Doodle and ETH Following Twitter Tip-Off

🍦Yuga Labs Reaches Settlement In Lawsuit

🍦Louis Vuitton Rumours 

🍦MMA Fighter Baited Into Promoting Fake NFT

🍯 THE MELTING POT

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

Previously our Melting Pot value was the below.

Total Melting Pot value  Current - 2.85 ETH

1 x Floor Sewer Tier 1 Pass - Value 2.46ETH

 + Balance of 0.39 ETH. 

Since then we have seen a nice uptick in the Sewer pass floor price. We have managed to halt the melting of the Pot. 

The Sewer Passes are now valued at 2.72 which we will sell at this point in time. 

This now takes our total pot value to 3.14ETH. 

ETH value Melting Pot Performance since 5th Jan (-37%)

Well, it's a fresh start of 3.14ETH to spend on some NFTs to take us to the moon. Maybe we should have just gone long on 'Trump NFTs'.

Stay tuned, we will have some fresh picks for next week. 

FBI Seize BAYC, Doodle and ETH Following Twitter Tip-Off

When it came to the FBI and seizing goods, the norm was that they'd intercepted a large drug or weapon shipment.

Are we hitting the new normal with their latest seize?

The agency published over the weekend that they have seized several assets, including 86.5 ETH, a BAYC, a Doodle, and an Audemars Piguet watch.

The assets were taken from Chase Senecal, who is known as HZ, and is claimed to be a main perpetrator for NFT/Crypto phishing hacks. 

The tip-off to the FBI came from ZachXBT,  a self-described Crypto sleuth.

Following months of tracking the group, ZachXBT created a thread on Twitter back in September that led to the investigation undertaken by the FBI. You can read the thread here.

It seems the AP watch purchase was the cause of the downfall for Senecal, whose address he used to pay for the watch is tied to many Discord server attacks.

Yuga Labs Reaches Settlement In Lawsuit

This one went under the radar due to the dispute with Ryder taking the headlines.

The lawsuit was brought by Yuyga Labs against Thomas Lehman, who built websites and smart contracts for Ryder's project RR/BAYC. 

The terms of the settlement are that Lehman is barred from using "any manner any BAYC mark, destroying any materials in his possession or control publicly displaying the BAYC marks, and burning any RR/BAYC NFT that he owns.

Both parties seem happy with the settlement, especially Lehman who stated it was never his intention to harm Yuga's brand.

It will be interesting to see where this leaves Ryder as one of his comrades abandoned the legal ship.

That case is still in a fairly messy position with the tender argument of IP rights v Free Speech taking centre stage.

Louis Vuitton Rumours 

High-end fashion brands aren't shy in making the jump to Web3, notable names to have made the plunge so far include Prada and Gucci... but are we about to see the immediate arrival of another?

It's been confirmed that Louis Vuitton will be making a move in the space to celebrate their 200th Birthday. 

They have teamed up with iconic Japanese contemporary artist, Yayoi Kusama, to release a 10,000-item collection.

Not many details have been shared about the upcoming project however experts are predicting that the collection may cost as much as 4 ETH based on the cost of competitor's NFTs.

Rumours also include physical merchandise being heavily linked to any NFT drop, but as nothing has been 100% confirmed, we will keep an eye out on any developments and make sure you remain updated.

MMA Fighter Baited Into Promoting Fake NFT

Following the number of lawsuits we have witnessed against celebrities regarding promotions, you would be right to assume that a celebrity would check out what it is they are being asked to share before doing so. 

Unfortunately, the assumption is wrong and we have witnessed another celebrity promoting a fake project.  

This time it comes in the form of Dillon Danis, an MMA fighter who is probably most famous for being Conor McGregor's jiu-jitsu coach. 

Danis was asked by Coffeezilla to promote the NFT project SourzNFT along with a caption for the price of $1000.00

What Danis failed to do was check out what SourzNFT is. If someone were to mint a SourzNFT, it would take you to a website that displays all the scams he has done in the past. 

The most ironic thing about the whole debacle is that the tweet Danis shared about the project spelt out SCAM - "SourzNFT Candies Are Moonbound"

We hope that our readers take extra caution when it comes to anything celebrity endorsed.

🏆SCOOP'S WEEKLY WINNER 

A common feature within this section has been a project under the Art Blocks Umbrella, Chromie Squiggles and Friendship Bracelets just as an example.

This week's winner can be added to the list. 

The project is called The Harvest by Per Kristian Stoveland, a collection that only consisted of 400 items. 

They were minted on the 18th of January 2023 using the Dutch auction method starting at 10 ETH. 

The collection sold out just above 3 ETH and has rocketed ever since.

This time last week you could have picked up one of the items for 4.99 ETH and what a move that would have been as the floor rose to a mammoth 12 ETH on the 5th of February. 

The Floor has however retracted back to 10 ETH and even though the collection size is small, huge gains presented themselves with this project.

Congratulations The Harvest. 

THE REKT SECTION 😡

We are heading back to the confession box for this one.

This user minted 10 alien frens and sold them 30 minutes before Gary Vee came into the Discord channel causing the floor to pump. The user could have paid off all college loans and debts if they waited 30 minutes longer.

As always, there is an important lesson to learn and in this case, don't follow the crowd especially when paperhandsing is taking place.

🤡 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.