NFT volumes hit highest in months!

The Triple Scoop

GM to the 15 new readers who joined this week. Without further ado. LFG

SCOOPS OF THE WEEK 

⛓️ NFT’s

  • NFT Signs Of Life For Uptober

  • Claynosaurz Sneak Peak

  • iSanctuary Obtains Legal Approval

👨‍💻 WEB3

  • Microstrategy BTC Holding Back In The Green

  • All New Skins & Identities in Ready Player Me

  • APLD Ditch Crypto For AI

🪙 CRYPTO

  • Bitcoin skyrockets at Blackrock Preps for Bitcoin ETF launch with IBTC ticker

  • Morgan Stanley Says Crypto Winter is Over!

  • Grayscale win against SEC made final, concerning BTC Spot ETF

💎 Premium

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⛓️ NFT’s

  • NFT Total Market Cap $4.71B - 24/hour change +1.98%

  • Volume Traded 24/hours - $13.3M +45%

    • Finally, sentiment pushed into the cool zone.

    • Volume has a nice uptick, up big time since a few weeks ago.

    • There has been much excitement in crypto land, with ETF rumors. This will most definitely have a positive impact on NFTs. After profits are made, flexing expensive PFPs will once again become cool.

    • PFPs still dominate NFT sales & volume, but the best performers in terms of value still sit in the Generative art category.

    • Though gaming & metaverse NFTs are slowly but surely creeping up and stealing market share.

    • The NFT and crypto markets are tied closer than you think. Once liquidity & volume flow on-chain, it eventually spills over into NFTs.

    • Once again this week. The market is showing further signs of a reversal & positive future.

NFT signs of life for Uptober - The market is starting to show some upward consistency.

At a glance 🔎 
  • Trading volume on Friday hit $10.3m, the highest day since the 25th of August.

  • Daily volume has been on an upward consistent trend for the last 2 weeks.

  • Volume is way down on the previous bull, but it may be closer than you think.

🕵️ Scoops take:

Is the upward trend down to the heavy investments being made in the gaming sector? Is it those solid projects that were built during the bear? or is it those who left looking to make a return?

It's probably a combination of the 3 and more, but what is positive to see is that we are now seeing some solid consistency in the right direction.

The next run will definitely be different to the last, what we can say for certain is that more and more profit opportunities are now presenting themselves.

Don’t miss out.

At a glance 🔎
  • Clayful, Playful & Plushful was the caption as a photo was shared of Claynosaurz plushies.

  • The project is taking a similar route to Pudgies in releasing the soft toys.

  • No details have been released about when they will hit the shelves.

  • The project is currently sitting at a floor price of 30 Sol ($900)

🕵️ Scoops take:

If they have any sort of success like the Pudgies had then this is an exciting time, the only issue is they aren’t Pudgies.

Is it a case of seeing a different project launch something that has worked and assuming it’ll work for them? We hope not as we all remember how the derivative projects performed.

With a floor price of roughly $900, it is up 10 Sol since their lowest point in January so they clearly have the community there, like every other project they just need to deliver now.

At a glance 🔎
  • The Singapore High Court has allowed the company to attach NFTs that contain legal documents to cold wallets associated with a hack.

  • The NFTs won’t prevent transactions from the wallet but will create a warning that the wallets were involved in a hack.

  • The NFTs will be permanently attached to the wallets.

🕵️ Scoops take: 

When we said NFTs were going to be heading into a totally different landscape, this is what we mean.

This is a massive step to help with the cleaning up of the space as those involved in the hack are now easily identified.

When you deal in a system such as ours that has a global reach, being able to digitally serve legal documents and police dodgy activity from anywhere will only make for a more enjoyable future.

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🌐 WEB3

At a glance 🔎
  • MicroStrategy's Bitcoin holdings, the largest for a public company, have surged in value to $4.8 billion, achieving over 160% growth since its initial investment.

  • Bitcoin's price rebounds past $30,000, bolstering MicroStrategy's strategy as a hedge against inflation and affirming its CEO's stance on the cryptocurrency as "digital gold."

  • Following its consistent Bitcoin acquisitions, even through debt-financing, MicroStrategy's stock value mirrors its crypto success, soaring by over 150% since its first Bitcoin purchase.

🕵️ Scoops take:

Some balls of steel we’ve seen on Michael Taylor banking on the long term trajectory of Bitcoin and it looks like it’s starting to pay dividends. Given the staggering size of Microstratergy’s BTC holding, more upside pressure and we will be sure to see the company’s value skyrocket 🚀

At a glance 🔎
  • Ready Player Me launches a Premium Skins Catalog, partnering with major brands like Rovio, “The Voice,” and Warner Music Group to offer branded character skins for digital avatars.

  • The platform's move signifies a shift in retail trends, with virtual items in digital worlds generating significant revenue, particularly among Gen Z and Alpha consumers.

  • This initiative marks an expansion in the NFT and digital asset space for participating brands, with Warner Music Group and McLaren having previous involvements in similar blockchain ventures.

🕵️ Scoops take:

A digital gold rush that brands are pouncing on left right and centre. Ready Player Me's new skins gig with giants like Rovio and WMG is a pretty wild shift in commerce, blending gaming, fashion, and music in a 3D mosh pit that's rewriting the rules on consumer engagement. And with every pixelated tee or hat, we're not just players in their game—we're stakeholders in a burgeoning digital economy where our avatars signify our tastes, allegiances, and, of course, our pocket depth…. 💰

At a glance 🔎
  • Applied Digital unveils a new 200-megawatt data center in Texas, bolstering its blockchain hosting capacity to 480MW, yet shares drop by 5.3%.

  • The company shifts focus from Bitcoin mining to high-performance computing (HPC) for AI, citing higher profitability despite the current 400 EH/s Bitcoin hashrate.

  • Despite earning $22 million in recent quarterly revenue, investor skepticism persists, reflected in Applied Digital's stock performance.

🕵️ Scoops take:

Applied Digital's dive into AI, leaving Bitcoin's gold rush, is like betting on Iron Man's tech over Thor's hammer; it's a future-focused pivot. Investors aren't cheering yet, but this move could be a genius play in the high-stakes tech game, where raw compute muscle is the ace card.

🪙 CRYPTO CRUNCH

  • Crypto Total Market Cap $1.24T - 24/hour change +6.34%

  • Total Crypto Volume 24 hours - $99.7B - Change +107%

  • If you didn’t think it could get any better folks it did.

  • Just yesterday the ticker was released for the proposed Blackrock ETF $IBTC and bitcoin rallied to a whopping 18%.

  • Alts have followed and most are up 20% on the daily. Some stretching higher up to 30%.

  • If we are honest we thought a pullback would happen. But any news relating to the Bitcoin ETF at this stage will always be met positively by degens.

  • Hopefully, at this stage, you’re not sidelined, if crypto is your poison.

  • But if you aren't in at this stage, don’t worry. The largest gains are yet to be seen in the market. Major FOMO & momentum is seen after the BTC halving.

  • That being said, prior to that there will be some major gains to be had.

    Crypto narratives to focus on this Fall

  • - AI Tokens

  • - Social-Fi /Gambefi

  • - Telegram trading Bot tokens

  • - Privacy Dex’s

  • - Revenue Sharing projects

  • - Liquid Staking derivative projects

  • - Metaverse & gaming tokens

  • - RWA - Real-World Asset tokens

Top Stories

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😡 THE REKT SECTION 😡

ProTheDoge

Those who have been here a while will recognize this name.

A notorious scam artist has been up to his old tricks and the latest project just rug pulled 730 ETH ($1.2m)

Resident Detective, ZachXBT, was again first on the scene to break the story.

Check out the details below.

🏆 WEEKLY WINNER 🏆

Michael Saylor

Nature is healing and things are looking far better.

Everyone who got in at the attractive prices is laughing now but none more so than Michael Saylor.

When the price of BTC shot down, instead of selling at a stop-loss he doubled down and continued to buy more through MicroStrategy.

Well, for the first time in a long time, he is back in the green and due to the recent rise to $32k the company is now sitting on an unrealized gain of $160m and is now in profit.

The $4.74bn bet is definitely a marathon and not a sprint.

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