GM gang - let's kick the week off right. Here's what you need to know 🫡

SCOOPS OF THE WEEK 

⛓️ NFT’s

• NFT Trading On Your TV

• "Elements" The Newest Addition To Checks Ecosystem

• Beginner NFT Platform HeyMint Launches

👨‍💻 WEB3

• $100m Fresh Funding For OpenAI CEO's Crypto Project World Coin

• Chat GPT Used to Create $100m Memecoin

• Polygon Co-Founder Launches Web3 Fellowship Program

🪙 CRYPTO

• EU Crypto Regulation Near Sign Off.

• Next Crypto Cycle Will Be Centered Around ETH Yeilding Projects

• Huobi Founder's Brother Is Making Bank

⛓️ NFT’s

• NFT Total Market Cap $7.34B - 24/hour change -1.17%

• Volume Traded 24/hours - $23.8M +45.57%

• Whilst sentiment is still ranging in the 30 range, it's good to see sea of green on some notable collections over the past 7 days.

• Genuine Undead +77%

• Pudgy Present +56%

• Opepen Editions +28%

• Captainz +25.5%

• Lil Pudgys +24.5%

• Potatoz +21.37%

• Whales have been scooping up: Miladys, MAYC, AZUKI, Pudgy Penguins & Otherdeeds

• With a serious uptick in market volume & notable collections turning green it looks like some attention could be falling back into NFTs as Meme Mania has pulled back.

🔦 SCAMMER SPOTLIGHT

Ben.eth

Enter Ben.Eth is an anonymous Twitter individual who just a few weeks ago launched $BEN token. The token claimed to be an attention token that caught the wave of the meme mania & rocketed in price and quickly gathered attention from major crypto Influencer 'BitBoy', who is also called Ben. The project later got handed into the full custody of Bitboy to lead & take over the project.

Bitboy 👇

But the story doesn't stop there, after abandoning his first project Ben.eth launched a new project in a matter of days. This project is labeled as $PSYOP. You would think after abandoning his first project, Ben.eth's fame & popularity would have died down, but in fact, it was quite the opposite. He opened a presale round & has managed to receive close to $7 million in Ethereum from his community & Twitter following in the hope that they are the first to receive $PSYOP tokens before hitting the market.

The hate Ben.eth has received has actually assisted him in his venture with $PSYOP now massively trending on Twitter.

Given that Ben.eth dropped his first project combined with his shady comments & persona across twitter, there is now huge speculation on whether or not $PSYOP will ever launch into an actual project or token, or Ben.eth will ride off into the sunset with users' funds.

Right now things are a complete mess, there a tonnes of scam links on Twitter set up by other malicious actors offering users ways to send ETH to $PSYOP Presale. We dread to think what the total amount of $ETH has been blown on both Scam links & to the correct Ben.eth presale.

It will be interesting to see how this one plays out, we predict this will be a RUG pull, but we hope for those who sent funds to the presale that it isn't.

NFT Trading On Your TV

At a glance 🔎

• LG has filed a patent application for its "blockchain-based" TV.

• LG's technology would allow devices to connect with a crypto wallet and NFT market to enable transactions.

• QR codes would appear on the TV screen to let users complete NFT transactions.

🕵️ Scoops take:

If you think that you spend too much time watching Netflix, just wait for the NFT TV. We do feel this invention is no more convenient than a Laptop/Tablet, however, the innovations that we are seeing make for a really exciting future. In the TV's Defence, you will now at least be glued to the sofa instead of the desk chair.

"Elements" The Newest Addition to Checks Ecosystem

At a glance 🔎

• The new collection explores the four elements of earth, fire, water and air. 

• The collection pairs generative artwork with hand-drawn physical prints.

• 3 of the 4 elements will be offered at an auction at Christie's on the 16th of May and displayed at Christie's New York Gallery.

• A public auction will then follow.

🕵️ Scoops take:

Checks took the NFT space by storm earlier in the year and if you remember they only cost $8 to mint. Jack Butcher mastered the project so it's great to see that the project will be further developed. The project is supported by an extremely bullish community so we expect this rollout won't be the last of the future developments.

Beginner NFT Platform HeyMint Launches

At a glance 🔎

• The platform will allow artists to mint assets, enforce royalties and sell NFTs. 

• It is aimed at beginners to the space to assist in building their first collection.

• Creators will pay no fees to list their collections and there is a $1 charge per mint.

🕵️ Scoops take:

We absolutely love this, the first step into the space can be extremely daunting so what this platform will ensure is experienced individuals are on hand to assist with all the teething problems new adaptors face. It is also a massively positive step towards mass adoption as those who have been hesitant to make the jump to Web3 now have a recognised, respected platform ready to help.

🧵 THREAD OF THE WEEK

@Alexisbuilding reveals what you can learn from of the earliest CryptoPunks holders and how you can find hidden gems during the NFT bear market.

🌐 WEB3

$100m Fresh funding for OpenAI CEO's Crypto Project World Coin

At a glance 🔎

• Worldcoin, a crypto project led by OpenAI CEO Sam Altman, is reportedly seeking to raise $100 million in fresh funding.

• The project aims to distribute a new digital currency globally, in exchange for a retina scan to confirm unique human users.

• Worldcoin has already secured initial backing from top-tier investors such as Andreessen Horowitz and Coinbase Ventures.

🕵️ Scoops take:

Last week we brought you the news about the audacious brainchild of OpenAI's Sam Altman, and now, Uncle Sam's making headlines again, this time with the pursuit of a cool $100 million in fresh funding. And why not? The project's unorthodox, yet intriguing, premise of issuing digital currency in return for a retina scan - a kind of 'proof of humanity' - is a testament to the innovative spirit of the blockchain universe.

But what's truly compelling is the caliber of backers already lined up at Worldcoin's door, with the likes of Andreessen Horowitz and Coinbase Ventures leading the charge. This is a clear nod of approval from some of the industry's most respected names, reinforcing the potential of this venture. The web3 space is rife with revolutionaries, and Worldcoin's endeavor might just be the kind of 'out-of-the-orb' thinking we need.

Chat GPT Used to Create $77m Memecoin

At a glance 🔎

• Memecoin "$TURBO" was created as an experiment by digital artist Rhett Mankind

• He consulted ChatGPT to help him make a next gen memecoin with just a $69 budget 

• $TURBO became a real cryptocurrency, peaking at over a $100m market cap, and being tweeted about by Beeple & Elon.

🕵️ Scoops take:

What a time to be alive.... The ease with which an AI-generated jest can evolve into a real-world commodity just shows the power and potential of AI within the Web3/crypto space. A true blurring of boundaries between AI, humor, and serious finance. Makes you think about the synergies that might exist at the intersection of AI and finance, and how they could reshape the dynamics of the crypto marketplace. 🚀🐸

Polygon Co-Founder Launches Web3 Fellowship Program

At a glance 🔎

• Sandeep Nailwal, co-founder of Polygon, has launched a Web3 fellowship program aiming to boost the adoption of blockchain technology.

• The program will provide support to blockchain enthusiasts, offering training, mentorship, and financial resources.

• The fellowship aims to create an ecosystem of Web3 experts who can contribute to the development and adoption of decentralized technologies.

🕵️ Scoops take:

This isn't just another feel-good initiative; it's a direct investment in the intellectual capital of the blockchain space. By providing training, mentorship, and financial resources, the program plants the seeds for the next generation of blockchain enthusiasts to bloom. It's a strategic move to foster a community of experts who can drive the development and adoption of decentralised technologies. In essence, we're looking at an effort to build the bedrock of innovation in the Web3 space. Way to go, Sandeep 😎

🪙 CRYPTO CRUNCH

• Global Cryptocurrency $1.1T Trillion - 24/hour change -2.75%

• Volume Traded 24/hours - $42.08Billion -9.98%

• Mid to long-term is still bullish as we lead into the 2024 Bitcoin halving.

• Currently we have 2 schools of thought:

• School of thought A) - We break down to the $23K region

• School of thought B) - We trend higher one last time to $32-35K region before a final big retrace and then the bull market is on.

• The current crypto narrative seems to be around tokens with the LSD 'Liquid staking derivatives' sector.

Top stories

• EU crypto regulation near sign off

• The next crypto cycle will be centered around ETH yeilding products

• Brother of Huobi founder has been cashing out Millions on free HT tokens

😡 THE REKT SECTION 😡

Fat-Fingering is a lot more common in purchases as opposed to sales.

In this instance, we imagine the seller was too excited at the prospect of the sale proceeds or maybe it was just an honest error.

Whatever the reason, it is around a $11,000 mistake.

The owner of Captainz 1207 accidentally listed the NFT for 0.68 ETH instead of 6.8 ETH.

At the time of the sale which fetched $1205, another NFT was sold for the correct amount of 6.8 ETH ($12,146).

Remember, in this self-custody world, you are on your own.

🏆 WEEKLY WINNER 🏆

Now onto the winner which will make the REKT Investor feel so much worse about the fat finger sale!

This project was one we shared with you last month due to the foundations being set for this project to go in one direction for months and years to come.

Well, that is starting to come to fruition for The Captainz by Memeland.

The project has had some extremely impressive movement over the last 7 days.

The floor is up over 2ETH from 6.7 ETH to 8.8 ETH with trading volume hitting 2621 ETH. With the floor being up 24% over the last week, this is the start of a sign of things to come..

Well done The Captainz.

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.