What's good Scoopoids? We've got that Friday feeling jangling in our bones babyyy 💃 If you're feeling groovy, share the love by sharing the Scoop with a friend this fine day. Let's gooo 🚀

SCOOPS OF THE WEEK 

⛓️ NFT’s

• X2Y2 Introduces NFT Lending Protocol

• Tuned Global Teams Up With Revelator For NFT Music Boost

• Blend Breaks Down Record Barrier

👨‍💻 WEB3

• Apple Launches Web3 game With Axie Infinitie

• Binance Loses Aussie Banking Partner

• Jack Dorsey Scopes Out The Unbanked

🪙 CRYPTO

• UK wants to regulate crypto as gambling

• Australian Bank Bans Users from using Binance

⛓️ NFT’s

• NFT Total Market Cap $7.68B - 24/hour change +3.64

• Volume Traded 24/hours - $18.8M +16.53

• Well, we have seen the market sentiment hit cold in a while. Given the transformative power of NFTs and the number of hard-working dedicated founders in the space, this surely is close to a bottom signal for the market.

• Notable collections Floor price change over the last 7 days.

• Cockpunch by Tim Ferris +188%

• Opepen Edition + 80%

• Checks VV Originals +70%

• The Plague +46%

• Nakamigos +29%

• Over the past 7 days whales have been scooping up: HV-MTL by Yuga, Wrapped Crypto Punks, MAYC, AZUKI, Milady Maker, Pudgy Penguins & Otherdeeds.

🔦 PROJECT SPOTLIGHT

MINTPAD

Our friends at the DogePound have created a super simple & effective method for anyone to create their own NFT collection.

Have an amazing idea for an NFT collection but don't know where to start? Welcome to MintPad. Think of it as your friend that takes all science & technical jargon out of the equation and lets your creativity run free.

Mintpad was created to simplify creating your own NFT collection without writing a single line of code. They are a multichain platform and support various blockchains, including Ethereum, Polygon, Binance Smart Chain, and more.

The Mintpad platform provides a complete solution for creating and managing NFTs, designed to make your web3 life easier. From designing your own mint website to seamlessly integrating a mint button on your existing website, we ensure a user-friendly experience for your collectors.

Why choose Mintpad? Well, from what we hear, they will have your back from start to finish, and the best part is, their next update coming imminently which means It won't cost you a thing to Launch a collection.

The team believes your hard work and creativity should be fully rewarded and understand the pain of high transaction costs. That's why they have optimized their code to make implementing your NFT collection affordable and cost-efficient.

Creating and sharing your art with the world has now never been easier. Rest assured, you will retain full ownership of your NFT collection. With Mintpad, deploying the smart contract on the blockchain is a breeze using your trusted Metamask wallet. The transparency of the blockchain ensures that your ownership and all related information are accessible to you alone.

Mintpad is your platform where creativity merges with simplicity. Let's unlock the potential of your digital art and make a difference in the NFT community together.

🐧 PUDGY PENGUINS SET TO ONBOARD THE NEXT GENERATION TO WEB3

We knew something exciting was coming on the 18th. We released a thread last week sharing our prediction for what was coming from the Pudgy Penguins and it came pretty close to the mark!

Through the use of Toys, The Pudgys are onboarding the next generation to the Blockchain, which is what they meant by their 'Trojan Horse Tweet'.

Each Pudgy toy comes with a unique QR code that unlocks a digital experience for its owner. This is a huge move for the industry as a whole, and it gives Non-Web3 natives a non-intimidating first experience of the blockchain.

We recommend watching the below video! Toy Story Vibezz.

That's not all, the Toys are being swept right off the digital shelves of Amazon, and have hit number #2 in the Toy Figure Bestsellers.

The Pudgy Penguin Toy Sales hit number #2 in Amazon Best Sellers

Congrats to Luca & the team at Pudgy Penguins!

X2Y2 Introduces NFT Lending Protocol

At a glance 🔎

• The latest update to the marketplace, Version 3, will introduce borrowing, refinancing and lending NFTs

• Further introductions include auto-refinance, optimized gas fees, cancellation of loan offers without gas fees and the ability to make loan offers for an adjustable loan amount.

• The new version's address is fi.x2y2.io and it has now been formally launched.

🕵️ Scoops take:

It's repeated so often, but as the weeks go by, it becomes more true. Healthy competition in this space is allowing users to take advantage of all the advancements and new introductions to the area. This latest introduction is no doubt going to be popular and from a sector point of view, it is vital that there are a multitude of options available that are continuing to develop new innovations for the benefit of the community.

Tuned Global Teams Up With Revelator For NFT Music Boost

At a glance 🔎

• The partnership plans to integrate NFTs into music streaming platforms.

• Customers will be offered a platform to mint, sell, distribute, report and track music NFTs.

• Artists will also have the opportunity to mint new releases, exclusives, or derivative content as NFT collections on Polygon.

🕵️ Scoops take:

Slowly but surely we are seeing more focus on NFTs in the music industry. Given the industry's potential in the form of new releases, concerts etc. using NFTs can become a part of everyday life in the sector. We have recently seen Spotify dip their toes in the sector so it is a huge boost to see firms across the world start to adopt NFT technology. As one of the most popular functions in the world, the music sector can be a huge boost for mass adoption.

Blend Breaks Down Record Barrier

At a glance 🔎

• The Marketplace has flown past 100,000 ETH in total volume

• It has only been in operation since the start of May

• Continually adding Blue-Chip NFTs has opened a new market for those that wouldn't have been able to operate in.

🕵️ Scoops take:

It was never going to be easy to take down OpenSea's dominance but Blur have given it one hell of a go. It was so important for the space as a whole and not just users that there was not one dominant marketplace out there hoovering up the hits. The emergence of Blur and Blend has allowed the community to dip into a market previously extinct to them so the space as a whole is benefitting massively.

🧵 THREAD OF THE WEEK

@LamboLand is back in the thread of the week, sharing the most controversial moments in Web3 history.

🌐 WEB3

First Web3 Game Hits Apple Store - Axie Infinity

At a glance 🔎

• Axie Infinity, a popular play-to-earn crypto game, is now available on the Apple App Store in several important markets, significantly widening its accessibility.

• The game has previously faced challenges with accessibility due to its Ethereum blockchain basis which can be difficult for users unfamiliar with crypto, but this move makes it more readily available for mainstream mobile gamers.

• Axie Infinity's introduction to the Apple App Store could boost its player base and solidify its position as a leading figure in the integration of gaming and cryptocurrency.

🕵️ Scoops take:

The App Store has made a groundbreaking move by welcoming Axie Infinity: Origins, marking the first NFT game to enter this platform. This decision follows a year of negotiations between Apple and Axie Infinity, and suggests a potential shift in Apple's traditionally standoffish stance towards crypto and NFTs.

This development is significant due to the potential disruption NFTs could bring to the App Store's revenue, which primarily stems from the 15-30% cut Apple takes on every transaction on its platform. However, the embrace of Axie Infinity may indicate Apple's recognition of the potential opportunities that the NFT boom, along with the forthcoming launch of its AR Headset, could offer.

There are still restrictions—for instance, players won't be able to claim Axie's token (SLP) in-app or use crafting recipes that require the token. Despite these limitations, Apple's decision is seen as a monumental stride for web3 developers, marking a turning point in the interaction between mainstream platforms and the digital economy.

Binance Ditched By Aussie Banking Partner

At a glance 🔎

• Binance Australia has experienced banking disruption after its payment provider, Westpac, severed ties with the crypto exchange.

• The exchange assured users that their assets are safe, but deposits and withdrawals are temporarily suspended until a new payment provider is established.

• The reasons behind Westpac's decision remain unclear, but it comes amidst increasing regulatory scrutiny on cryptocurrency businesses globally.

🕵️ Scoops take:

It's another hurdle for crypto lovers down under as Binance Australia grapples with sudden banking disruptions after its payment provider, Westpac, called it quits. While the reasons behind the abrupt separation remain under wraps, it spotlights the delicate relationship between traditional financial institutions and the burgeoning crypto space. We're living in interesting times indeed, where we're seeing this fusion of old and new money mechanisms on a bumpy ride together. Fortunately, Binance assures us that user assets are safe and secure. Yes, it's a tad inconvenient for now, but we're confident that Binance will soon overcome this minor road bump.

Jack Dorsey Aims to BTCify the Unbanked

At a glance 🔎

• Jack Dorsey led a $6 million funding round for Azteco, a Bitcoin payments firm.

• Azteco aims to make Bitcoin more accessible by selling Bitcoin vouchers that can be redeemed online.

• The firm also has the support of other high-profile investors like Naval Ravikant, Balaji Srinivasan, and Charlie Songhurst.

🕵️ Scoops take:

Ultimately, the story here is not just about another high-profile investment. It's about a critical step toward a future where Bitcoin is as easy to access as buying a cup of coffee, towards a world where the digital economy is truly accessible to all. Bitcoin by voucher? A refreshing simplicity and inclusivity to the often intimidating world of digital assets. This funding round, seems to demonstrate the industry’s faith in Azteco's vision and we're intregued to see this one play out 🎟️

🪙 CRYPTO CRUNCH

• 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.

• Upcoming narratives - VR Based tokens based on Apples upcoming Augumented reality release.

Top stories

• UK Wants To Regulate Crypto As Gambling

• Australian Big Four Bank Bans Users sending funds to Binance

😡 THE REKT SECTION 😡

We (as well as thousands of others) have been huge fans of Ledger.

However, it's safe to say they have had a week from hell.

It was confirmed by a member of the support team that "it is and always has been possible to write firmware that facilitates key extraction" which would allow the company to extract user's keys and personal access to the hardware wallet.

Shockwaves were sent through the space when everyone realised that the "recover" service means Ledger's stance on privacy and security is somewhat botched.

The optional recovery service allows users to back up seed phrases by encrypting them in fragments with third parties.

The idea of sharing any form of your seed phrase with an external third party is worrying as there is a huge sense of vulnerability for users.

Up until now, the company has shown nothing but trust and reliability, this week however has left many disgruntled and we must say, rightly so.

🏆 WEEKLY WINNER 🏆

They have exploded on the meme-coin scene and now it's time for the Ordinals boost.

The Pepe-themed project, Bitcoin Frogs, has become the most traded NFT over the last 24 hours.

$2m have been exchanged in the last 24 hours alone sending it to the top of the charts.

The current floor price sits at roughly 0.12 BTC with over 627 transactions being recorded.

Combining the popular Pepe with the equally as popular Ordinals was always going to cause table-topping chaos at some point.

Well done on reaching the top spot.

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.