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

🍦SCOOPS OF THE WEEK

🍦NFT

• Amazon NFT Marketplace Update

• Yuga Labs TwelveFold Update

• Krapopolis Gets 3rd Season

🍦WEB3

• Fashion Giant Hermes Press Forward

• Yuga is about to penetrate the real world.

• Mastercard Launches Bitcoin Card

🍦CRYPTO

• Bitcoin Mining Farm

• El Salvador Statistic

But first, tell us how to feed your appetite 🤤

🍦NFT

• NFT Total Market Cap - $22.79B - 7 day change -0.11%

• Volume Traded Prev 7 Days - $420M -30.53%

Amazon NFT Marketplace Update

Bezos wants the world and he's coming for NFTs

E-commerce giants Amazon had the world listening last month when the rumours about their intentions for NFTs and Web3 started to spread.

Well, it's about to get very real as it is being reported Amazon's NFT Marketplace is set to launch in April!

Known as "Amazon NFT Marketplace" the soon-to-be accessible marketplace allegedly has 15 projects lined up for the launch.

April 24th 2023 is the date for the diary and those in the U.S.A should be most excited as that is where the service will be launching first, with a wider gradual rollout to follow.

How will the retail giant compete against the likes Opensea & Blur?

Amazon is the master of selling products and boatloads of them. As the world's biggest retailer, their move into the NFT market way should not be ignored. We expect they will bring on a wave of new participants into the markets, perhaps a gateway drug for users to venture into a more degenerate Web3 world.

Our future prediction. Amazon will deploy their own NFTs, think of it like a Prime membership but 'on chain'. Every transaction on chain is there for the world to see, which also means Amazon could tag & track every movement of your digital life via your wallet.

This certainly won't be the last update you hear on this one.

Yuga Labs TwelveFold Update

Financial Success for Yuga. Their Twelvefold Ordinals NFTs fetched a total of $16.9M

We did say that would fetch some dollars.

In-case you missed last week's Newsletter about TwelveFold, here is your reminder:

Twelvefold is a limited edition, experimental collection of 300 generative art pieces inscribed onto satoshis on the Bitcoin blockchain. The pieces represent a complete art project and will not have utility or interact with or be related to any previous, ongoing, or future Ethereum-based Yuga Projects.

There has been a bit of criticism from the community regarding the auction style as bidders need to send funds to a Yuga Wallet. By taking custody of bidders' bitcoin with a promise to refund unsuccessful bids, they are setting a dangerous precedent for future scams.

As one of the leaders of this space, their actions are copied/followed so make sure you don't get carried away if another auction style like this appears.

Krapopolis Gets 3rd Season

Normally when you see a show being renewed for a 3rd season, you have been eagerly waiting for that news since the cliff-hanger ending of season 2.

As you know in this space, things operate in their own way and the unique thing about this story is that season 1 has still not been released.

The TV series will be broadcasted on Fox and was created by Dan Harmon who was a co-founder of Rick and Morty.

The project launched a 10,420 item collection in August of last year and holders are/were able to vote on show elements, access behind-the-scenes content, attend IRL experiences and redeem rewards for official merchandise.

What we do love about this is Fox is giving an NFT project serious backing which could pave the way for a successful NFT TV future.

Ever wanted to be a Zillionaire?

NFT Entrepreneur Zeneca releases a new quiz game based on the old classic - Who wants to be a Millionaire.

Coming right to you today at 3.30 pm today.

🍦BUSINESS OF WEB3

Fashion Giant Hermes Press Forward

If you recall a few weeks back we discussed the court case between fashion giant Hermes and digital artist Mason Rothschild who created a collection based on the famous Birken handbag.

Despite the dispute being resolved last month, Hermes has said in a court filing that Rothschild has continued to market the NFTs and has demanded that Rothschild stop using 'Birken' trademarks and transfer the Metabirks website, the 'Birken' NFTs he owns and his income from the sales to Hermes.

Will be interesting to see how this one plays out. One small leap for the digital artist could turn out to be one giant leap for decentralization should he refuse.

Yuga is about to penetrate the real world.

There is a famous saying which is especially relevant to Web3 & NFT land, that being...

"Don't drink the cool aid"

But it seems like people will be, at least Web3 degens anyway.

According to the US Patent Office, Yuga has filed a trademark for an Otherside-themed soft drink 'Don't Drink Me'. As we run up to the launch of The Otherside Metaverse it would appear that Yuga is going to tie in the release of a drink to accompany it.

If you recall, the 'Don't Drink Me' drink was first featured in the Otherdside Metaverse trailer which was released nearly a year ago.

If you thought Logan Paul's 'Prime' bottles fetched a hefty price, In the UK at least anyway ($15 for 1), we can't help but wonder what the floor pri... we mean RRP will be for 'Dont Drink me by Yuga'

Mastercard Launches Bitcoin Card

Great news for those on this side of the pond and those striving for mass adoption.

Mastercard has launched a Bitcoin card in the UK and EU.

The announcement was made by the third most visited exchange, Bybit, who stated that the issued card will be issued by Moorwand and powered by Mastercard.

How the card will work is that users will be able to easily switch between cryptocurrencies and fiat currencies by making purchases or withdrawing cash from ATMs.

For now, only a core group of cryptocurrencies will be supported including, Bitcoin, Ethereum, USDT, USDC and XRP. More are estimated to be supported in the future.

After VISA's similar plans were announced last month, we knew it wouldn't be long before this story developed.

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🍦CRYPTO

• Global Cryptocurrency $1.02 Trillion - 24/hour change -0.07%

• Volume Traded 24/hours - $33.7 Billion +10.38%

Bitcoin Mining Farm

When you think of a nuclear power plant you immediately think of our dear tv friend Homer Simpson working flat out in sector 7G.

It has been announced that America's first nuclear-powered Bitcoin mining farm has gone live in Pennsylvania.

We can confirm that this one isn't owned by Mr. Burns but those in the community are already getting excited about the potential prospect of this news.

The excitement generates from the prospect of the power being cheaper which in turn makes mining Bitcoin more efficient.

El Salvador Statistic

What boosts the tourist sectors of countries? You tend to think of famous landmarks, sunny beaches, and unique local delicacies.

But what about cryptocurrency?

El Salvador's president Nayib Bukele has announced to the world that making Bitcoin legal tender has helped increase tourism by 95%.

Despite all the negative publicity displayed following the announcement to legalize Bitcoin back in June 2021, the decision has paid off.

You can watch his interview with Tucker Carson here.

🏆SCOOP'S WEEKLY WINNER

It was only last week when the U.K were faced with new limitations on how the population can invest.

It angered us so much that we even REKT Nationwide.

But with this news, there is a bit of hope within the U.K. that we can soon have some financial freedom back.

With Mastercard's introduction of the new card, not only does it provide some financial freedom, but it also boosts mass adoption.

For that reason, Mastercard is this week's winner.

THE REKT SECTION 😡

The last thing you want to be doing is getting on the wrong side of the SEC right now.

Unfortunately for some, they did not get the memo.

The SEC announced today that they have obtained an asset freeze against BKCoin Capital.

It has been alleged that the company and one of its principles, Kevin Kang, used $3.6m to make "Ponzi-like payments."

They also allege that Kang used $371,000 of investor money to pay for vacations, sporting events and an apartment"

Over $100m was raised from 55 investors to invest in crypto assets. With some of that money going to personal gain it's no surprise to see the SEC step in.

There is a real rampage going on by the SEC, make sure you only read about them and not have to deal with them.

🤡 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.