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

🍦STATE OF THE MARKET

NFT

• NFT total market cap - $21.55 Billion dollars (43x smaller than the Crypto Market).

• In last 2 weeks $1.4 Billion dollars has been added to total MCAP - Nice!

• NFT trading volume is down $20 million dollars this week in comparison to last week

• The 30 day Profit & Loss shows that losing traders are in abundance in comparison to winning traders.

Crypto

• Crypto total market cap - $864Billion (43x larger than the NFT market).

• Retraced back from $880 billion

• Concerns of the FTX contagion & the effect it has on the markets is not yet priced in.

• ETH is down 1.4% in the last 7 days.

• BTC is down 1.6% in the last 7 days.

• Trends Narratives to watch - Decentralised exchange, wallet tokens, decentralised browser tokens

Scoops take:

Ultimately now is a time when innovation is bubbling away under the hood. New blue chips & mega projects are being built which will flourish in greener pastures. Right now it's time to learn, study and gain skills in NFTs & Crypto to capitalize on the next bull run. Unless you are implementing a dollar-cost averaging strategy we recommend holding fire in deploying capital in this current climate as we do expect a final capitulation event and further downside.

Things you can be doing in this market to level up.

• Study Dollar Cost Averaging

• Network with influential people in the space - Twitter, Discord

• Clean up who you follow on Twitter & discord.

• Twitter & discord are powerful tools to network, learn & find alpha but you have to ensure they're used correctly.

• If a discord server or Twitter follow is no longer giving you value. Clean out the trash.

🍦SCOOPS OF THE WEEK

🍦Amazon Mini-Series on.. You guessed it.

🍦$1m Bored Ape

🍦NFT Top Trumps

🍦Ape Coin Geoblocked

🍦Metamask to Collect IP Addresses

Amazon Mini-Series

Get the Popcorn out!

Amazon Prime sure loves real-life financial fraud. Ever seen 'We Crashed'? If you haven't we highly recommend it. It's the story of the rise and fall of 'WeWork'

But what's next? You've probably guessed.

We are set to witness a series we have never seen before, certainly one that would make you think it was not based on true events, but that goes to show the magnitude of events surrounding us.

It has been announced that an 8-episode series on the FTX demise has been commissioned by Amazon. Joe and Anthony Russo, directors of Marvel films such as Infinity War and Endgame. It's quite fitting as we would hope this truly was Sam Bankman-Fried's 'End Game'

Millions watch Amazon prime, so we can only trust they will portray accurately the mismanagement of FTX users' funds rather than slam poor harmless 'Crypto' as a whole.

The story is continually unfolding so either it's going to be drama from start to finish or just like the latest series of Stranger Things, each episode will be the length of a movie!

$1m Bored Ape

Bear Market this Bear Market that... One thing is for sure, it must be a bull run for this guy. & he's certainly not saving cash for Christmas.

Keung has just spent $1m on a Bored Ape!

In last Friday's newsletter, we had the Monster NFT Purchase section...sometimes the purchase is such a monster that it finds itself in the news section.

One thing that remains a constant is whatever the market sentiment is, The Bored Ape Yacht Club are central to purchases of this nature.

We hear you ask what has been bought. The answer is Bored Ape item 232 - A golden ape with a sailor hat that cost 800 ETH!

The buyer is Keung who is actually the Co-Founder of yet to launch project YogaPetz. Keung took to Twitter following the purchase, not to gloat but to kindly ask that no one tells his wife.

Apologies Keung, this is one time we hope someone isn't a subscriber!

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NFT Top Trumps

One for the 90s kids! in the playground with your friends seeing if the Enzo Ferrari had a higher top speed than the Lamborghini Gallardo or whether the Diplodocus was taller than the T-Rex.

It was nothing other than Top Trumps.

What better way to enjoy a throwback than having a competitive game with your kids and or friends of NFT Top Trumps?

Yup, you read that right, NFT Top Trumps are coming.

The deck will contain all the famous favourites such as Bored Ape Yacht Club, CryptoPunks and Azuki. The categories to see if you can secure victory are Highest Sale, Unique Owners, Year Created, Value and Top Trump.

We know what we want to add to our Christmas wish list.

Ape Coin Geoblocked

The freshly amassed DAO has announced that users in several countries including the USA will not be able to stake their $APE via Horizen Labs "Due to Regulatory Environment"

The staking will be going live on the 12th of December however ApeStake.io will not be available to users in the United States, Canada, North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk and Luhansk.

This is likely due to 'SEC' stating that were probing Yuga Labs on NFTs being securities. If a token is staked and interest is earned it could aid the SEC's argument that Yuga's products are securities.

Ape Coin is actually run by a DAO 'Decentralized Autonomous Organisation' which in theory separates it from Yuga Labs as a central entity. However, we can't see the dinosaurs in the courtrooms buying into that just yet.

So what can you do if you reside in one of the above locations?

ApeCoin took to Twitter to state that "one of the benefits of defi is that anybody can interact with a smart contract, or develop client interfaces that allow users to interact with smart contract."

A VPN could also get around this pretty easily.

We await a further update from the Ape DAO on how the user's concerns will be resolved.

Metamask to Collect IP Addresses

A privacy policy agreement published by ConsenSys on the 23rd of November confirms that MetaMask will begin collecting users’ IP addresses and Ethereum wallet addresses during on-chain transactions.

Information gathered may be disclosed to comply with Know Your Customer and Anti-Money Laundering requirements dictated by law enforcement which are certainly going to heat up following the FTX debacle.

With over 21m users and being one of the most popular self-custody wallets on the market, this news has of course been met with a wave of criticism.

It's safe to say that this won't be the last protocol to adopt these measures, we have recently witnessed Coinbase adopting IP collection due to increasingly stringent regulations.

🏆SCOOP'S WEEKLY WINNER

Invisible Friends 3D launched on the 23rd of November for 0.07 ETH with each Invisible Friends holder & Clay Friends holder having 1 week to mint a 3D friend with leftover mints to be reallocated.

The mint began and we can safely say Invisible Friends 3D is a justified winner this week.

The floor currently sits at 0.82 ETH at the time of writing showing an 11.7x for those that have minted.

It's worth noting that the full collection has not yet been minted, which is odd, given the current floor price those that can mint that haven't are missing out on circa $1000.00. a 1000 bucks is still a 1000 bucks right..?

The reveal is yet to happen so we anticipate the floor will, as usual, drop a little following the reveal.

The advantage of this is that it'll open up a fairly reasonable entry for those that like the art and want to enter the Invisible Friends Ecoystem.

THE REKT SECTION 😡

Sometimes people like to look on the bright side of life and take every loss as a lesson.

Others take to Twitter to share their experiences to make all those in the community aware of what to do and what not to do.

In this case, we witnessed our first official REKT Confession.

1Bprice took to Twitter to share his confession.

Protip - Sometimes it's important to not marry your bags/projects and Avoid drinking the Kool-Aid of future promises.

That being said the Hoodies are pretty comfy. 😆

🔥HOT PROJECTS

Passengers NFT

Calling all Space heads!

We explored Passengers NFT, and believe us when we say you should explore it too.

The project as you'd expect is about Passengers. In this case as part of a Space odyssey. From what we can see the projects' Twitter since April 22, but started posting in October 2022, so this is pretty fresh.

Passengers are clearly a story-telling NFT project building a narrative around space & adventure. The quality of work that has gone into this project is insane, particularly the animations and crisp graphics. The team is certainly talented.

If projects can build strong enough narratives to engage & immerse their audience, then NFTs associated with that project is going to do well too.

We urge you to visit the website to get a feel for the project & learn about the team.

One thing to note that confirms it's a narrative-based NFT. They have the number #9 ranked copywriter in Canada on the roster.

Start the exploration here.

Next up, its JUUNI

JUUNI is a Zodiac Inspired, fantasy & steampunk-themed PFP collection by HEX. A familiar yet new digital identity.

Again this project is heavily focused on Narrative & storytelling. The Artwork is very impressive and the project looks well thought out. We can't ignore its anime-style theme which as we know remains to be popular.

By visiting the JUUNI Website you can learn more about the project, the team & how to get involved

Juuni website

🤡 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.