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Michael Saylor Ape Mode Activated
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GM to the 20 new readers who joined this week. Without further ado. LFG
SCOOPS OF THE WEEK
⛓️ NFT’s
Proof of Play Raise $33m
New ApeCoin DAO Targets NFTs
Krapopolis TV Debut
👨💻 WEB3
Gucci Debuts Metaverse Milan Fashion Show
Bitcoin Battling Corruption In Guatemala
Big Name Appearances At London Web3 Week
🪙 CRYPTO
Michael Saylor now holds 158K Bitcoin
Binance takes a surprise turn and reopens in Belgium
Hackers steal $200M
🏆 SCOOP PREMIUM
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🚨 BREAKING: BITBOY ARRESTED
Is this the ultimate bottom signal?
The Crypto community at large has gone wild for this story. Is it legit or the ultimate game of winning attention?
Crypto Influencer Ben Armstrong, A.K.A ‘BitBoy’ was arrested earlier while live streaming from attempting to get back his Lamborghini from an ex-business partner ‘Carlos’.
BitBoy claims that Carlos has destroyed his business. The video clearly suggests that BitBoy was carrying a weapon in his vehicle and that the passenger in his car was a mistress he had an affair with. Rumors are speculating that he was also high on cocaine.
Bitboy just live-stream himself showing up to a guys house who “stole” his lambo and immediately get arrested?
He also had his mistress in the car and had to admit to his wife while everyone watched
This is wild
Crypto is so back. #BitBoyCrypto
— Michael Sloggett (@MichaelSlogget1)
9:29 AM • Sep 26, 2023
⛓️ NFT’s
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NFT Total Market Cap $4.33B - 24/hour change -1.76%
Volume Traded 24/hours - $7.1M +31.21%
Sentiment looks bleak, but any lower and it’s up only. We have said it before, but if you are still here, the bottom is pretty close.
We are already seeing Web3 gaming NFT assets start to wake up. This week witnessed a $33M raise from a gaming company which we cover below, which is a sign of an evolving & recovering market.
We saw an interesting post by MinisterofNFTs who shared his thoughts on the current market, which shares our thoughts on a bottoming is near - see below. 👇
The graphic shows the NFT traders over the past year.
Today we had 5.9K sellers vs. 5.5K buyers.
Exactly 1 year ago we had 29K sellers vs. 20K buyers.
While we are at our lowest right now, I’m confident that we will see new highs again. We often say NFTs are dead, but people will continue to speculate on NFTs when crypto is pumping again. (Which is soon coming)
Bear markets are not meant to be easy, but if you make it to the next bull market you will reap the benefits.
Scoops advice - Stay plugged in.
Gainers this week
Beef Brothko +51%
Bored & Dangerous +34%
At a glance 🔎
The company is led by the Farmville co-creator, Amitt Mahajan.
The company says they can overcome roadblocks players encounter.
Their first game, Pirate Nation released a closed beta in December 2022.
🕵️ Scoops take:
Even with the anti-NFT brigade (which is the majority of gamers), there is only one vision for the gaming sector with NFTs and that is joint success.
Proof of Play has the Web2 gaming heavies in their corner including Epic Games, Zynga, EA, Activision, and Google so if there is anyone to deliver it is these guys.
The potential utilities that NFTs have are endless for gaming, so let the imagination fly and get this space back on its feet.
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At a glance 🔎
The proposal to launch a new DAO passed with 53.6% support.
750,000 APE tokens is the proposed amount to use for funding the community-governed NFT vault.
The new DAO will operate independently from the main ApeCoin DAO but will still be governed by APE holders.
🕵️ Scoops take:
If there is a group of people who are used to only tasting success, it is those involved with Yuga Labs.
With floor prices breaking low records not witnessed in years, there is probably never a better time to unleash some hard spending and build for the future.
Remember, the millionaires build in the bear.
Entry prices have never been so luxurious, now is the time.
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At a glance 🔎
The highly anticipated show finally hit TV on Sunday night with 2 episodes shown on Fox.
The show was created by Dam Harmon, a co-founder of Rick and Morty.
The project launched a 10,420-item collection in August 2022 and has been renewed for a 3rd season despite the first 2 episodes only just being released.
The collection sits at a floor price of 0.1 ETH with 542 ETH of trading volume.
🕵️ Scoops take:
Finally, the show has come and we just want more of it.
Having such a successful person from the industry running the show was only going to lead to this one doing well.
Holders are the real winners here, they have had a say on the show’s elements as well as behind-the-scenes content, IRL experiences and the ability to redeem rewards for official merchandise.
Just another example of NFTs not being so worthless…who’d have thought it?
You can check out a clip here.
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🌐 WEB3
At a glance 🔎
Gucci debuted creative director Sabato de Sarno's first runway show at Milan Fashion Week not only in the real world but also in the metaverse, utilizing platforms like Roblox and Zepeto to recreate the experience.
The metaversal version of the show aimed to provide an inclusive experience, allowing users across various platforms to explore immersive quests and unlock elements of the real-world show along with other exclusive content.
This innovative approach signifies a melding of luxury fashion and digital realms, reflecting a growing trend of iconic brands embracing the metaverse to enhance user engagement and inclusivity.
🕵️ Scoops take:
In a world where the lines between the virtual and the real are increasingly blurring, Gucci’s metaversal debut at Milan Fashion is a bold statement about where the world, from fashion to how we socialise, is headed. Gucci’s painting on a broader, more inclusive canvas, blending luxury with accessibility. It’s like the Avengers of fashion and tech—distinct worlds colliding to create something unprecedented, diverse, and refreshingly new, reshaping our cultural and social landscapes. It’s not just the future of fashion; it’s the future of experiences and we sure are here for it!
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At a glance 🔎
Guatemala's Supreme Election Tribunal leveraged Bitcoin blockchain through Simple Proof startup to timestamp key documents in the presidential elections, aiming to detect and prevent any fraudulent manipulations.
Using OpenTimestamps, a tool that harnesses the decentralized ledger and hash functions of Bitcoin, documents and data are cryptographically stamped, allowing for verification of the authenticity of information and detection of any post-stamp alterations.
The technology provided transparency and added a layer of trust to the election process amid tensions and allegations of fraud, enabling citizens and officials to independently verify the integrity of electoral documents and tally sheets.
🕵️ Scoops take:
Think of this technology as a high-tech notary—using the backbone of Bitcoin, it 'seals' election documents in Guatemala, making any illicit changes glaringly obvious. It’s like the Superman of voting systems, maintaining truth, justice, and democratic integrity. This isn’t just about techy bells and whistles; it’s about guarding the essence of democracy, ensuring each vote counts and is counted. In a county that has experienced it’s fair share of governmental corruption, It's a leap towards transparent elections and away from the shrouded, suspicious processes of the past
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At a glance 🔎
London aims to establish itself as the global hub for blockchain and cryptocurrency innovation during London Web3 Week, gathering influential names like Mo Gawdat and companies like Coinbase to discuss the future of Web3 and AI adoption.
The event will focus on regulatory clarity, mainstreaming decentralization, and bridging the gap between traditional finance and crypto, exploring innovations aimed at making blockchain-based applications user-friendly and secure for retail and institutional adoption.
Discussions will also delve into the gaming industry's on-chain future, institutional adoption acceleration, and the convergence of Web2 and Web3 banking, emphasizing the UK's prime positioning to set global standards in the evolving Web3 space.
🕵️ Scoops take:
Could London become the Silicon Valley for Web3? There’s certainly intention and moves being made here. Amidst global calls for clearer crypto rules, London's saying, "We're ready to lead." A very positive stance from the UK could pay major dividends down the line.
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🪙 CRYPTO CRUNCH
Interested in learning to trade? Click below to join our affiliated Crypto & Forex trading Discord group - The Take Prophet Collective
Crypto Total Market Cap $1.05T - 24/hour change +0.85%
Total Crypto Volume 24 hours - $22.42B - Change -2.93%
Not much movement in the market as you can probably feel, but this quieter period is your time to accumulate before the bull.
The majority of Alt coins look oversold.
Cliche saying but, as the age-old saying goes. “Buy when there is blood in the streets.
The fall is typically a positive season for crypto so stay tuned.
Michael Saylor has supported the cause, spending some lunch money he just acquired another 5445 Bitcoin for $147M. He historically buys into local tops, which has become somewhat of a meme, but it is very bullish for the longer term for sure.
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Interestingly ETH has made 10BN in revenue in 7 years, outpacing major SAAS companies.
We have been in a ranging sideways chop for now, so expect volatility coming soon.
Find out what Smart Money is buying
Crypto narratives to focus on this Fall
- AI Tokens
- Social-Fi /Gambefi
- Telegram trading Bot tokens
- Trading tool platform tokens
- Revenue Sharing projects
- Liquid Staking derivative projects
- Metaverse & gaming tokens
- RWA - Real-World Asset tokens
Top Stories
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😡 THE REKT SECTION 😡
BlockGames/OpenSea
The full story isn’t out there and plenty of rumours are circulating about who is at fault.
What is known is that the project was to mint on the 22nd of September and unfortunately didn’t go as planned.
OpenSea released a statement saying there was an issue on their end with the allowlist resulting in certain wallets being able to mint beyond the limit. As a result, the mint was postponed.
The community is also pointing fingers at BlockGames saying they didn’t set the contract out correctly.
To their credit, the mint is now going ahead on the 26th of September with refunds promised to those who lost out on gas money and had to buy on secondary.
However, when you are launching your project, making a mess of item limit caps is not a good way to get going.
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🏆 WEEKLY WINNER 🏆
Another project to mint in the depths of the lowest floors this bear market has seen so far.
It is also another project that minted and has been an instant success.
The mint took place over the weekend at a live event in Marfa, for the price of 0.03 ETH.
The floor currently sits at 0.68 ETH with 202 ETH of trading volume.
There were only 666 items in the collection, so the low supply can be a little tricky to read in comparison to Cloaks, however, the profits made are undeniable.
Item number 1 was sold for 3ETH representing a 100x
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