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MEMELAND's $MEME LAUNCHES
The Triple Scoop
November 03, 2023
GM to the 20 new readers who joined this week. Without further ado. LFG
SCOOPS OF THE WEEK
āļø NFTās
Elon Musk Lambasts NFTs
Rarible Launches RaribleX
Atari x Members Only
šØāš» WEB3
HSBC Tokenising Gold
UK Crime Agency Hunt For Crypto Sleuths
Saudi & Hong Kong Metaverse Partnership Power Play
šŖ CRYPTO
Memecoin āSafemoonā Execs Arrested by Department of Justice
3 Trillion Dollar Crypto Watershed moment imminent.
š Premium
āļø NFTās
NFT Total Market Cap $5.42B - 24/hour change -0.00%
Volume Traded 24/hours - $16M +10%
Sentiment is up! Itās been a long time since we approached 30. But why? Perhaps the launch of $MEME has sparked some excitement.
Memelandās token launch of $MEME today has been so far somewhat of a success. The fully diluted value of the token is $1.55 Billion. Pretty crazy. Those who held Memeland NFTs were allocated Presale and are up at a whopping 25X.
Captainz & Potatoz have since dropped in value as you can imagine. We see this a lot following big airdrops, whitelists or presales. But itās likely that the profits made by traders of $MEME will flow into the NFT ecosystem, especially how closely related $MEME is to NFTs.
of 5-10% across the board.
Whilst waters are still choppy in NFT land, overall this major launch is bullish & will certainly bring more eyes to the NFT sector.
Notable Floor Movers Today
Kubz +70% (WEB3 / Game / Closely tied to Memeland)
YogaPetz +51% (WEB3 / Game / Closely tied to Memeland)
Forgotten Runes Wizard Cult +30% (Pixelated Deep Lore)
Notable Floor Movers this Week
YogaPetz +100% (WEB3 / Game / Closely tied to Memeland)
Kubz +95% (WEB3 / Game / Closely tied to Memeland)
OCM Karma - +49% - (ART / PFP - Gives you access to equivalent NFT on Ordinals Network)
šŖ MEMELANDās $MEME COIN TAKES OFF
We have always been fans of the Memeland Ecosystem & today they launched their much-awaited $MEME token. Is it the $MEME coin to end all meme coins? We doubt it, but the token launch has certainly been a marketing masterclass with a current fully diluted valuation of over $1BN, launching on Binance certainly has helped them skyrocket.
$MEMEās slogan isā¦.
Given how big Memeland & 9GAG are they have been very careful in their disclaimers around the token to avoid any type of lawsuit.
Stating that it is for entertainment purposes only, with no roadmap, but hey, when did that ever stop a meme coin from mooning?
There was a large presale opportunity for holders of Memeland NFTs, some of which have nearly 25x their initial investment, so this isnāt like grabbing $PEPE when it is $50M market cap, as $MEME currently has a circulating market cap of around $250M with the majority of tokens still locked up, hence the huge fully diluted market cap. That being said Memeland are marketing geniuses, so we wouldnāt be surprised to see this continue to melt upwards, especially as we enter the bull market.
Congrats to Memeland on the launch, this is bullish, and we expect to see more liquidity flow into NFTs and draw further attention to our space.
At a glance š
The comments came on Joe Roganās latest podcast.
Musk criticised NFTs saying they are not even on the Blockchain and are just a URL to the JPEG.
He inadvertently supported the case of Bitcoin Ordinals where all NFTs are inscribed.
šµļø Scoops take:
If you know Elon, this will probably just be one of his public feuds to get an even lower entry opportunity - clearly bullish on NFTsā¦remember he changed his X profile to BAYC? We do.
You would also be right in knowing that Elon is so often wrong. Plenty of NFT projects on Ethereum moved their NFTs on-chain, notably Larva Labs moving CryptoPunks back in 2021.
Whether the Ordinals protocol is better is a different argument but this just screams foolish from Elon.
Must do better.
Our Premium Unlocks this week..
At a glance š
Rarible X will allow Web2 brands to deliver NFTS, and hold auctions and specialized mints.
The brands will be able to design custom marketplaces, set custom fees and enforce royalties.
It will be able to integrate with MetaMask, Coinbase, Polygon, Ethereum and credit card options.
šµļø Scoops take:
Best way to onboard masses to the space? DO NOT OVER COMPLICATE THINGS
The Rarible brand takes great pride in making transactions, launches and the secondary marketplace a flawless experience. This is what is needed.
Of course, the cherry on top of the cake is their stance on royalties which will no doubt be a support gainer.
Bring on the newbies.
At a glance š
The project is launching Members-Only customized jackets for holders of its NFT.
They continue to push their blockchain gaming and crypto integrations.
The jackets went on sale on the 2nd of November and will be on sale until the 1st of December.
They wonāt be delivered until February 2024.
šµļø Scoops take:
If it is not plush toys it is clothing - Merchandise is coming in hot!
Again though, we ask the question, is this just riding on the success of other projectsā roadmaps and will all come crashing down?
The positive thing is that there is plenty of choice now for those looking to enter and get some physical utility.
The floor price to gain access to this sale is relatively low at 0.055 ETH so thereās no excuse if you fancy it and choose not to.
š WEB3
At a glance š
HSBC launches tokenized physical gold, leveraging DLT to represent client holdings in its London vault.
John OāNeill cites growing demand for tokens linked to real-world assets, highlighting gold's significance.
Amidst inflationary concerns, tokenized gold gains traction, with HSBC aiming to enhance its digital asset capabilities.
šµļø Scoops take:
Banking has undeniably met blockchain; it's a bridge between age-old trust in gold and the digital future. Like music went from vinyl to digital, this move suggests financial giants believe tangible assets can coexist in an intangible world, blending tradition with tech's edge. The Real World Asset (RWA) sector has grown significantly in the last year and now with A Goliath such as HSBC normalising this activity, there will certainly be much more to followā¦
At a glance š
UK's National Crime Agency (NCA) plans specialised team to tackle rising cryptocurrency scams.
NCA ramps up recruitment for crypto expertise, integrating into National Cyber Crime Unit or Digital Asset Team.
Amidst regulatory reforms, UK strengthens crypto ecosystem protection with over 200 FCA alerts against suspect promotions.
šµļø Scoops take:
A bold step for the UK, signaling to the world that theyāre ready to step up and at least try to make a dent in the ocean of scams and fraudulent activities that occur in the space. Quite how successful theyāll be remains to be seen but the sentiment is good, so best of luck chaps!
At a glance š
Hong Kong's Animoca Brands secures US$50 million investment from Saudi's Neom for Web3 initiatives.
The collaboration aims to develop enterprise Web3 services and bolster the local Web3 ecosystem in line with Saudi Vision 2030.
Neom's search for a "metaverse expert" hints at a future focus on blockchain and metaverse developments.
šµļø Scoops take:
Imagine Saudi Arabia's futuristic city project, Neom, partnering with a Hong Kong gaming firm. It's like when two major film studios team up for a blockbuster. Neom's investment in Animoca is a strategic play to reshape the digital frontier. Saudi's oil-rich legacy is eyeing a pixel-rich future, and they're betting big on the metaverse to get there. Given their oil reserves will inevitably run dry, this is a smart play to future-roof the nation. This is the new global chessboard, where traditional geopolitics meets virtual reality.
šŖ CRYPTO CRUNCH
SBF Faces up to 113 years in prison!
Crypto Total Market Cap $1.28T - 24/hour change -0.93%
Total Crypto Volume 24 hours - $39.49B - Change 23.28%
The big news in crypto this week is that SBF has been found guilty of 7 accounts of fraud and faces up to 113 years in prison, which times with a small correction of the markets.
Greed still fills the air, but are we due a pullback to the lower $30Kās soon? Perhaps. So if you are not allocated yet, get ready should we see those levels.
Again the outcome isnāt clear right now, we could still push to $38K before a retracement to the $30kās
The ETF approval news still looms, the question is, are the markets priced in? Itās often buy the rumor the sell the news with these things. But overall the markets a raring up for a very bullish period.
Crypto narratives to focus on this Fall
- AI Infrastructure / AI tokens.
- New Layer 1ās
- Social-Fi /Gambefi
- Telegram trading Bot tokens
- Privacy Dexās
- Revenue Sharing projects
- Liquid Staking derivative projects
- Metaverse & gaming tokens
- RWA - Real-World Asset tokens
Top Stories
š” THE REKT SECTION š”
Mohamed M.
He has been accused of stealing the equivalent of $9.5m in cryptocurrencies from the American finance platform Platypus.
The Paris prosecutorās office has requested a prison sentenceā¦yikes!
This however, was all preventable.
Web3 / Crypto / NFT detective ZachXBT wrote to him with the following:
āSince you deactivated your account after I messaged you.
I've traced addresses back to your account from the Platypus exploit and I am in touch with their team and exchanges.
Weād like to negotiate returning of the funds before we engage with law enforcementā
Obviously that DM was left on read and now itās law enforcements problem.
š WEEKLY WINNER š
Galactic Gecko Space Garage
The Solana based project has reached some pretty dizzy heights!
The latest achievement is quite remarkable.
The project has become the 2nd largest Solana NFT collection by market cap trailing only Mad Labs.
With Solana now creeping back above $40.00 this is an exciting time for all things concerned.
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