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PORSCHE RELEASING AN NFT?! GET ON THE WAITLIST HERE + FREE NFT RAFFLE TO BE WON!
This issue is packed with stories + value - Don't miss!
Scoops of the Week 🍦
🍦Bored Ape Yacht Club play hide and seek
🍦Opensea Hacked
🍦eBay take the next step into the metaverse
🍦Is China self regulating the secondary market
🍦Stricter rules are heading for Europe
Bored Ape Yacht Club Plays Hide and Seek
A number of Bored Ape Yacht Club owners saw their NFT life flash before their eyes when e-mails received from Opensea stated that their item had been de-listed.
Panic won’t have settled looking at the project’s collection…… sitting at only 4k items.
Like the famous scene from The Office when Dwight lights the fire, Twitter exploded……was this another scam? Have they been hacked? Was it anything to do with the lawsuit? No option was off the table….. why would it be with a 100ETH asset “missing”!
Thankfully the virtual firemen were able to put this one out after a few hours, Bored Ape took to twitter to confirm the error but the issue was now resolved with all assets showing again.
Bored Ape owners can breathe clean air once again.
Opensea Hack….beware
More concern…..apologies but it’s not the land of milk and honey!
An employee at Opensea’s email vendor Customer.io downloaded and shared the email addresses of OpenSea users with an unauthorized account.
This is the 3rd attack on Opensea since January and most likely will not be the last……. the company did confirm users should anticipate scams…..great.
Remember to be vigilant, not everyone out there is a good Samaritan!
eBay take the next step into the metaverse
One small step for eBay, one giant leap into the Metaverse.
If you can’t read the small detail in the application here’s what eBay’s plans are:
NFTs, NFT exchanges and NFT trading
NFT + Virtual good marketplaces
Online retail stores with actual and virtual goods
ICYMI eBay acquired the NFT marketplace Knownorigin 2 days prior to filing the application….. we must have missed the buy it now option.
One thing for sure is that this won’t be eBays last leap.
Is China self regulating the secondary market
We told you the Chinese market was booming……evidence confirmed this but is a blip on the way?
According to Chinese state media, 30 firms and institutes including giants Tencent and Ant Group have signed a pact to stop the secondary trading of digital collectibles and "self-regulate" their activities in the market.
Part of the self regulation includes the ban on secondary trading and real-name authentication for sellers……no more hiding behind your PFP, everyone is doxxed!
Stricter rules are heading for Europe
“The crypto wild west”….. the charming definition placed on our world from the EU.
Let me put down my lasso and loot the finer details.
It’s not quite Ali, Tyson and Frazier but the 3 heavyweights in the form of the EU Parliament, EU Council and EU Commission have reached provisional agreement to regulate the “crypto wild west”
What’s Proposed:
Anti-money laundering body formation
Transfer of funds regulation (TOFR) will oblige crypto-assets service providers to collect data on transactions with un-hosted wallets.
The TOFR will be applied to every transaction beginning with small ATM withdrawals.
The identities of un-hosted wallets are verified on transactions above 1000 euros.
The new version of Red Dead Redemption seems complex, not sure if it’s PS5 compatible.
Scoop’s Weekly Winner 🏆
Wow, what a week for the project!
4.85 ETH this time last week 6.37 ETH now.
The project launched a huge partnership with Puma last week where owners could visit the PUMA flagship store on 5th Avenue to get their Gutter Cat Gang PFP custom printed on a T-shirt.
The response was huge as evidenced by the floor price boom and it’s no surprise……. after all us degens love some merch!
REKT SECTION 😡
Chevrolet’s NFT Nightmare!
Via SuperRare the company launched an "Own the Color" auction.
Bidders were fighting for the chance to win a real-life 2023 Chevrolet Corvette Z06.
Not only that, the winner of the auction would receive exclusive rights to the Minted Green color that will feature on the model. That means that Chevrolet will not apply that exterior paint color to any other 2023 Corvette Z06.
The Auction started and ended with 0 Bids…..uh-oh
The auction has since re-opened and the highest bid sits at 4ETH………follow it here
Congratulations, you’ve been REKT!
Market Mood 😴
We’re still chilling in the fridge this week. Someone get out the Bud Light. How cold can we go? Perhaps a little more and we will find the bottom. The Bulls are coming we can smell it. In the meantime, it’s an opportunity to scoop those NFT Gems at a discount.
The Market Update 📊
Listings have decreased over the past few days which shows a positive short-term market movement as investors who took profits during the ETH rise have mostly been eaten up by volume. The volume has also been positive this week and has been gradually increasing throughout the week. Finally, floors have remained fairly steady this week and there haven’t been any major decreases on that front.
Monster NFT Purchase 👾
BAYC #211 was purchased for 201WETH or $240k by whale DDSG. We have to say it’s a lovely ape. Our eyes are green with envy.
What’s Dropped 💧
The Free mint meta lives on. WZRDS launched on the 29th and has since reached #1 on Opensea for 24-hour volume and #9 for the week with over 2000eth traded. This is a great launch for the project, the floor sits at around 0.23eth.
The popular project finally launched this week and has done relatively well. A few months ago investors may have thought they’d be sitting with 10s of thousands of profit for this one. However, in these market conditions that just isn’t possible. The project launched on the 30th and the volume has been extremely good so far. The project has seen 1000eth traded already and sits at #2 on the Opensea daily volume chart after just a few hours. Hats off to them.
Whale Watch 🐋
24 whales bought 153 Artblocks.
23 whales purchased 70 Otherdeeds.
11 whales bought 203 Moonrunners.
We noticed a number of whale activities this week. As we mentioned in previous newsletters, Artblocks and Otherdeeds are both getting an absolute ton of whale trading. However, a new entry is Moonrunners which has gotten a lot of whale attention this week. This could be a project worth looking at if whales are getting involved.
Where would we blow 5-10ETH in this market? 💰
We are sticking to our guns! 5-10eth splash on Otherdeeds in this market. This is the most obvious play at the moment and for the price point you are buying at, you are getting a bluechip with upcoming utility. More details surrounding the test event should be released soon which will send the price in a positive direction. Currently, that event is planned for July 16th and all holders will be able to participate. Moreover, it is expected the other 100k land parcels will be airdropped to existing holders in the next few months which will initially push the floor price higher, and then after the airdrop holders will have some free value from Yuga.
Alpha 💪
VROOM VROOM. By joining the email waitlist using this link you’ll be among the first invited to join the Porsche NFT Universe and receive updates including the official date of launch, newest feature releases, NFT Drops, and more. No more details are known about Porsche’s journey into Web3 but this is definitely something worth signing up for and keeping your eye on.
Enter the Pre-Mint raffle here to be in for a chance to win the following prizes with a total value of over 1.5eth + Including Punks comics + Other solid projects! This is the 3rd raffle by Hyhu and will be the second to last on pre-mint.
MEME OF DAY 🤡
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.
We would love to get to know you and maybe grab a sundae one day 🍨🍨