GM Scoop fam!  Another day another dollar, another truckload of treats to sink our teeth into today 🍧  Let's dive in. 😎

🗞️ SCOOPS OF THE WEEK 🗞️

⛓️ NFT’s

• Trump Launches 2nd Collection

• Sotherby's To Auction Three Arrows Capital's NFTs

• Wolf of Wall Street Producers Want to Make NFTS

👨‍💻 WEB3 

• Starbucks Onboarding Millions Into Web3

• Tornado Cash Dev Released From Jail

• Immutable Web3 Gaming Passport Changing The Status Quo

🪙 CRYPTO

• EU Crypto Laws Passed

• Coinbase has its sights set on Bermuda as the US drags its heels

⛓️ NFT’s

• NFT Total Market Cap - $21.83B - 24/hour change -1.45%

• Volume Traded Prev 24/hours - $42.517M +31.37%

• Majors like BAYC, MAYC & Moonbirds have retraced back.

• MAYC at 10ETH could be a nice entry.

• Given ETHs rally in value the dollar value of NFTs hasnt been overly brutal.

• Opportunities to buy dips are favorable, but you have to select the correct collections with NFTs.

• Now is probably a good time look at the NFTs with solid long term fundamentals, strong teams & loyal communities.

💎 UNDERVALUED PROJECTS

We are not the kind of newsletter that brings you trash mints & new projects every week. We keep it simple & successful and we know opportunity when we see it. 

Considering Its Meme Season. We will start with these guys. 

The Captainz by Memeland - Floor price 7.78ETH 

Nearly 8ETH isn't a small chunk of change. We get it. It's a lot for a JPEG. But we believe in most cases, NFT success comes from making bigger bets on winning projects. The foundations set for Memeland we only see them going one way in the months & years to come. Our take. One of the best opportunities on the market right now. 

The Potatoz by Memeland - Floor price 3.3ETH

We brought you these guys below 1ETH way back when. Despite tough times in the NFT market, these guys have planted their roots deep within Web3. Bet on projects that show strength throughout bearish times. They will fly in the bull. Not that the Potatoz haven't been already. 

Beanz by Azuki - Floor Price 1.42E

Notice the 'Z' in all the above. Maybe long everything with the letter 'Z'?!? Just kidding. 

Azuki is a collection that has weathered the storm of a ferocious bear market & their founder 'Zagabond' facing public scrutiny. But they soldiered on, delivered some crazy IRL parties, and rose like a phoenix. Their second collection 'Beanz' offers a more affordable way into the ecosystem. 

Trump digital trading cards Series 2 - Floor price 0.05ETH

If this week has taught you anything, and we feel like a broken record when saying this... Memes work in Web3. Love him or hate him. Trump is a meme. People love Memes. How else do you think he got into power? 

We are willing to bet that this collection pumps. Worth some fun. Worth a punt. 

TRUMP LAUNCHES 2nd COLLECTION

At a glance 🔎 

• The 2nd 47,000 item collection launched on Wednesday 19th April and quickly sold out.

• Just like the 1st Collection, the mint price was $99.

• Anyone who purchases 47 will be eligible for a dinner with Trump and anyone who purchases 100 will get the dinner as well as a one-of-a kind collectible.

🕵️ Scoops take:

This latest collection hasn't quite hit the floor price of the 1st collection but as we have seen before it can rocket out of nowhere. Despite the floor being just above mint, the new collection has raised $4.5m which is mightily impressive. This collection is certainly one that we would put down as long-term fun with profit opportunities along the way as opposed to a strong logical investment. 

If you want to get involved - you can check out the secondary market here.

SOTHEBY'S TO AUCTION THREE ARROWS CAPITAL'S NFTs

At a glance 🔎 

• The auction is taking place to recoup some of the $3bn 3AC owes to creditors.

• It is estimated that the collection is worth $21m.

• The auction is set to begin on the 19th of May at Sotheby's New York.

🕵️ Scoops take:

We are glad to see some of the creditors will finally be paid back but we envisage that the complete list will never be satisfied. We are more glad that 3AC's latest appeal to enter the Marketplace game has failed following a host of potential investors distancing themselves from the "company". The items included in the auction are pricey but it will be fascinating to see NFTs being at the forefront of the auction house... we may even see some whales doxxed.

WOLF OF WALL STREET PRODUCERS WANT TO MAKE NFTs

At a glance 🔎

• The NFTs will launch in Q2 of 2023.

• Holders will be invited to an event to celebrate the movie's 10th anniversary.

• In terms of the drop, holders will get to access exclusive content as well as receive rewards and experiences through continuous drops.

🕵️ Scoops take:

If you are going to launch an NFT project based on a movie, make it a movie that was universally popular and lasted over 3 hours. There will be no shortage of interest in this one given the potential of what you could land. We are yet to see movie adaptations in the space generally so this could pave the way for a new direction. 

🧵 THREAD OF THE WEEK 

We are about to say 'Meme' quite a bit, bare with us. 

You'll know we have been bullish on the Memeland ecosystem since day dot. That feeling has never changed. In fact, it's now strong than ever. They understand building in Web3. Most don't. 

What has been storming Web3 the last week? That's right Memecoins. Why? cause for some inherent reason humans & especially Web3 humans love memes.

Memeland wants to own the Meme world & they recently dropped some bombs. 

First, it looks like their own 'Memecoin' is coming sooner than we think. For those of you who aren't clued in, Memeland's 'Memecoin' will power the entire Memeland ecosystem. 

Next, Memeland just dropped an epic trailer for.. you guessed it 'Memeland'. The trailer has been well, thought through, it's high budget. These guys ain't playing. From the outset, they are gearing up to build a world of profound lore, action & adventure, heavily inspired by anime. The Captainz (Main PFP collection) will clearly be taking center stage..

And finally. This section is a thread of the week after all. Shout out to Pixsorcerer for bringing us a frame-by-frame analysis of the trailer and sharing deeper insights to the story and inspiration for Memeland. 

🌐 WEB3

Starbucks Onboarding Millions Into Web3

At a glance 🔎

• Starbucks set to expand its NFT reward scheme with The First Store Collection

• Building on it’s successful initial launch to beta users in March, the opportunity to earn NFTs via product purchases is widening to the masses

• With 50 million users on its order app - there’s potential to onboard a significant amount of people

🕵️ Scoops take:

Starbucks is absolutely crushing it here and we’re pretty darn confident that this launch will be a roaring success. Especially in the US, folks LOVE collectibles… Both physical (think sports memorabilia, trading cards, early days traded stuff) and we know there’s a large subset of Starbucks drinkers that fall into this category. 

There’s a huge trade in limited edition Starbucks collectible cups already and the opportunity to own unique cool NFTs that are likely to actually make you money, that’s a winning blend right there. They proved the demand with the initial launch in March initially selling out at $100 a piece whilst now averaging $690 so we can’t see why this won’t take off in a similar fashion.  

A very smart play from Starbucks too as after all the program costs them very little yet is entirely incentivises in-store purchases, fuelling sales whilst allowing them to profit from royalties at the same time. Nice ☕️

Tornado Cash Developer Finally Released From Jail

At a glance 🔎

• Tornado Cash developer Alex Pertsev is set to be released from jail after spending nearly nine months in prison and having bail rejected multiple times.

• Pertsev was arrested in August last year by Dutch authorities on suspicion of being involved in money laundering through the crypto mixing service Tornado Cash.

• Pertsev is said to be preparing his defence of innocence to bring to the courts.

🕵️ Scoops take:

This update has been celebrated by many in the crypto community and for good reason. To take things back a second, Tornado Cash was what’s know as a ‘crypto mixer’ - a tool that aims to make crypto transactions totally anonymous and super difficult to trace. Whilst there’s an argument that this in some cases can fuel money laundering and shady transactions, Pertsev simply wrote the open source code for the platform and has been persecuted for the potential actions of what others have gone on to do with his work, which seems downright wrong, especially in light of seeing major crooks like SBF released so easily to live in peace pretty much on their own terms….

Immutable Passport Set To Open Web3 Gaming Boarders

At a glance 🔎

• Immutable is betting a single sign-on to give gamers access to multiple metaverses may attract the next billion users to Web3.

• The self custodial wallet will allow users to use sign into Web3 games simply with just an email and password compared to the complex current process making it way easier and more attractive to users

• Immutable is focused on fostering the next generation of builders with a $500 million fund for game developers.

🕵️ Scoops take:

We've all heard it - Gaming is the next frontier of Web3, the juiciest apple waiting to be plucked from the tree, and there's truth behind that - gamers do have so much potential benefit from web3 advancements - the problem however, is that no one has really cracked the code on how to execute it properly yet. Web3 gaming is currently clunky, it's not user-friendly and it simply doesn't provide enough fun to make the often high price of entry worth it.  We love the vision here from Immutable and there certainly seems to be traction growing in the gaming space right now.  If they can pull this one off it will 100% be a massive step forward for the space and could very easily birth the future of online gaming. 

Steven Bartlett's Flight Story Acquires Web3 Marketing Firm Zebu

At a glance 🔎

• Flight Story, already itself a digital marketing and communications firm will launch Flight3, a division specifically catering to new innovation.

• The acquisition will serve as a springboard for Flight Story to launch Flight3, a marketing arm specifically tailored to the needs of clients in the web3 and emerging technologies areas.

• Clients include Tezos, OKX, and NEAR, and has supported more than 40 token and product launches.

🕵️ Scoops take:

Zubu’s self proclaimed main focus has been on “quashing the snake oil’ often associated with Web3 projects to “give legitimate ideas a fighting chance” and we fully support that sentiment.  Whilst we’re not entirely convinced that Steve Bartlett himself has much in depth knowledge of the space, he certainly has the right people around him that do and admittedly he does know a thing or two about marketing.  With this influx of cash and support, this is a majorly positive move for Zebu and exciting times ahead.

 THE CURIOUS INCIDENT OF....LE $PEPE

$PEPE Coin has taken the Web3 world by storm over the past week. Millionaires have been made & those who dared to ape in are already sippin' Pina Coladas in the Bahamas. 

Crazy times, it's why we love this space. Across NFTs & Crypto, there are opportunities around every corner. If you are chosen, one day you too could be taken to the promised land. 

But if you are curious, like us, then you are probably wondering how the hell a Frog meme coin rose to such dizzy heights, to 130M Market cap to be in fact. Let's take a look. 

1) Around 3 weeks ago on March 30th, a web domain was registered 'Pepe.vip'. 

2) On April 4th a Twitter account called '@pepecoineth' was created

3) Next a Telegram group was made on the 14th of April and the $PEPE coin was created & listed on 'Dextools'

4) Just 2 days after the token creation 'April 16th' Crypto influencers on Twitter started mentioning the token. It was none other than @ericcryptoman & @Pauly0x. Two accounts with a huge influence on the crypto markets. They have the ability to make Shitcoins go MOON. 

5) A cascade of 'Shilling' takes place. Crypto influencers hop on the train as $PEPE begins its accent to the moon. The token cash-tag '$PEPE' then starts trending on Twitter. 

6) Retail investors remember $DOGE, they recall the millionaires that $SHIB made. They wade in, scraping whatever lunch money & loose change they have. It's time to make it all back. 

7) The market cap catapults upwards reaching highs of $130M dollars. Those who dared to play made tens of thousands & in some cases millions. 

8) Meme season starts, and dogshit coins pop up left right & center. Mostly rugs, but some worked out for early participants. 

8) We have now seen a dump in market cap, as investors sell off profits. The life-changing potential of $PEPE has certainly disappeared, but we wouldn't rule out seeing it continue to rally higher. 

9) Takeaway lessons. Don't Fade a MEME in crypto or NFTS. But never bet your house on it. These things go as fast as they come. 

credit @cryptokoryo

🪙 CRYPTO CRUNCH

• Global Cryptocurrency $1.19 Trillion - 24/hour change -2.29%

• Volume Traded 24/hours - $51 Billion -1.28%

• We expect bitcoin to either visit $26K fairly shortly or bounce up to 29K before a wick back down.

• This flush out was needed following the rise to $31K.

• Following this we expect BTC to visit $32-34K.

• ALTs will of course rally once again once this happens.

Top Stories

• EU Crypto Laws Pass

• Coinbase Secures License To Operate In Bermuda as US drag Their Heels.

😡 THE REKT SECTION 😡

Soulja Boy...WELCOME TO REKT

Far too often we see celebrities shilling projects/coins that they generally have no idea about, so long as they get paid for the advertisement they don't seem to care.

Well after a bit of research, it has been revealed that out of 73 promotions and 16 NFT drops done by Soulja Boy, the vast majority were scams. 

Despite all the legal action he has faced, this only seems to bolster his energy to shill more. 

His most recent drop, the 3D NFT, was blocked by OpenSea within hours for IP infringement leaving buyers of the project out of pocket. 

Remember everyone, DYOR...don't follow the celebrities who seem to be racking up more lawsuits than sunshine.

🏆 WEEKLY WINNER 🏆

If we are going to criticise celebrities, then it is only fair we applaud them too. 

It has been revealed that Taylor Swift did not sign a $100m FTX sponsorship because she was the only celebrity who asked about unregistered securities. 

Given that the Claimants/Platiff are seeking over $5bn from the Celebrity endorsers which include Shaquille O'Neal, Tom Brady and Larry David, this decision will probably be the best she's ever made. 

The case with FTX is still ongoing, with the head, SBF, facing up to 100 years in prison if found guilty of the charges. 

This is one Celebrity who can hold a bit of credit within the space. 

Annd 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.