Pudgy World

Author

The Triple Scoop
December 12, 2023

The Triple Scoop

 

GM to the 34 new readers who joined this week. Without further ado. LFG

SCOOPS OF THE WEEK 

⛓️ NFT’s

  • Pudgy World Is Coming In 2024

  • Fifa Collection Ahead Of Club World Cup

  • Enjin Migrates 200m NFTs From Ethereum

👨‍💻 WEB3

  • Reebok Races Into On-Chain Gaming

  • El Salvador’s BTC Citizenship: Only $1m…

🪙 CRYPTO

  • Blackrocks Bitcoin ETF invites Wallstreet banks to participate

  • Find out how Google is preparing for the Bitcoin ETFs

  • Bitcoin Price Copies 2020 Bull Run Fractal

💎 PREMIUM

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⛓️ NFT’s

  • NFT Total Market Cap $8.44B - 24/hour change -1.28%

  • NFT Total Volume $24M - 24/hour change -12%

    • Post-Art Based Event Slump: NFT sales volume hit an 8-day low, reflecting a recent downturn in market activity. Buy the rumor, sell the news, seems to play out most of the time.

    • Despite the slump, signs of recovery are already emerging in the NFT market, giving us more positive indications that NFTs are very much back.

    • Solana's Impact on NFTs:

    • Unbelievable Run: Solana's $SOL recent strong performance has been the talk of the town & has quickly spilled into the NFT space.

    • Pudgy Penguins and Creepz Highlights:

    • Pudgy Penguins: Reached highs of 12ETH, later settling at 11.5ETH after the announcement of PudgyWorld, sparking speculation about a game & potential token release.

    • Creepz: Experienced a 30% increase, reaching a floor price of over 3.3ETH, driven by speculation around the upcoming launch of $PORTAL.

    • Rug Radio and DeCrypt Merger:

    • Two Jugganauts collide. The merger of Rug Radio with DeCrypt will now create a significant media powerhouse for the web3 space.

    • Performing NFT categories

    • Interesting to see the majority of daily & weekly sit within the gaming category. Possibly a sign to come.

    Here is our list of solid pickups below.

    • CrypToadz by Gremplin

    • Parallel Avatars

    • The Grapes

    • Creepz

    • Opepen

    • The Captainz

    • Yoga Petz

    • Kubz

    • Pudgy Penguins / Lil Pudgys

    • Sproto Gremlins

    • MF’ers

    • OnChain Monkey

At a glance 🔎 

  • The project’s interactive digital playground will launch its early access before April 2024.

  • Pudgy World will allow holders to boost their interactions with their characters.

  • CEO, Luca Netz, said that both narrative-driven and open-ended gameplay options will be available.

🕵️ Scoops take:

They always say to make hay whilst the sun shines and there isn’t a cloud in the sky in Pudgy Land.

Early indications show that the plushies and figurines are expected to have fetched over $10m in sales from the Walmart deal. Instead of boasting this achievement, they are already planning what is next.

To celebrate the launch of Pudgy World, a limited edition figurine toy was auctioned and fetched $2323.

It looks like they are making enough hay to last 10 lifetimes.

Fifa Collection Ahead Of Club World Cup - The plans go on for years.

At a glance 🔎

  • Fifa have announced a new collection ahead of the 2023 Club World Cup.

  • 100 NFTs will be launched on the 15th of December and contain the opportunity to win tickets to the Fifa World Cup 2026 final.

  • A further 900 NFTs will be launched featuring iconic moments from the ongoing tournament and digital versions of memorabilia.

🕵️ Scoops take:

If heavy metal can go mainstream, it’s no surprise that Football does as well.

Fifa has been consistent with its views, digital collectables boost the way fans can interact with the sport.

Having navigated 11 drops, 909,255 NFT mints and $2.4m in trading volume, this is not Fifa’s first rodeo and it certainly won’t be its last.

Prices and specific details regarding World Cup 2026 final tickets aren’t out yet, but with the launch only a few days away, we will need more than VAR to make sure we see everything.

Congrats to our Premium members who picked $INJ ‘Injective’ months ago when we called it. It is now, as predicted, the talk of the town. You are currently sitting on just under a 4X. Not bad for the start of the bull run.

Below are highlights where we called $INJ in our premium section. 

At a glance 🔎

  • Enjin back in June announced the creation of its own Blockchain.

  • Following the migration of the NFTs, users will now experience several changes.

  • The changes include built-in royalties, and “fuel tanks” which allow developers to subsidize gas fees for users.

  • Enforced royalties with be imported into the Blockchain’s foundational code.

🕵️ Scoops take: 

The most amazing thing about this whole migration is that no gas fees have been incurred.

What we love about the Enjin Blockchain is the different avenues they are taking to create a unique space for its users.

We have never hidden our views on enforced royalties so given the stance that has been taken, maybe it’s time we check out the platform.

Stand by.

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🌐 WEB3

At a glance 🔎

  • Reebok partners with Futureverse to venture into digital fashion and gaming, focusing on AI and blockchain-backed experiences.

  • The collaboration aims to bring Reebok's brand into the metaverse and create immersive gaming experiences tied to digital footwear.

  • "Reebok Impact," set to launch next year, will blend AI technology and on-chain digital wearables to redefine the role of sneakers in the digital world.

    🕵️ Scoops take:

A pretty savvy move to engage consumers in a digital evolution of fashion and gaming. By creating immersive experiences beyond merely digital wearables, they're shifting the focus from what you wear to what you do while wearing them. In this era of phygital blends, Reebok's entrance into this AI-driven space signifies fashion's exciting leap into a new realm, where your sneakers might just become your sidekicks on digital adventures. It's not just about style; it's about stepping out into a participatory digital world.

At a glance 🔎

  • El Salvador offers citizenship via a "Freedom Visa" program for a $1 million investment in Bitcoin or Tether, backed by Tether and capped at 1,000 participants per year.

  • The Salvadoran passport ranks as the world's 35th strongest, granting visa-free travel to the European Union's Schengen travel zone.

  • El Salvador's Bitcoin investments are now valued at $120 million, and the country continues to embrace cryptocurrency-friendly initiatives, including Bitcoin legal tender and plans for a Bitcoin-backed bond for geothermal energy.

    🕵️ Scoops take:

This sure has been one wild ride for El Salvador. While this move may attract nomads and investors, it also highlights the evolving landscape of citizenship and how blockchain technology is reshaping traditional norms. It's a bold experiment, but it underscores the broader trend of governments recognizing the potential of cryptocurrencies in shaping their futures. If we had $1m BTC, we’d be all over it!

🪙 CRYPTO CRUNCH

  • Crypto Total Market Cap $1.62T - 24/hour change +2.21%

  • Crypto Market Volume 24 hours $69.2B 1.79%+

    • Fear & Greed index dipped from 82 to 74. The flush on Bitcoin & most Alts on Monday certainly scared a few late longs, but overall the market is hungry for more, and the market has rebounded.

    • BTC Rebound: Recovered reasonably from yesterday's lows, approaching the $42K mark.

    • ETH Performance: Ethereum (ETH) also rebounded, reaching $2220.

    • Altcoins Movement: Altcoins are showing renewed activity, with SOL and AVAX leading the L1 charge, reaching $71 and $39, respectively.

    • $AVAX YTD Highs: AVAX breached new Year-to-Date (YTD) highs, drawing increased attention to its ecosystem.

    • Focus on INJ (Injective):

    • INJ Performance: $INJ (Injective) has seen a notable 50% increase in value over the week.

    • Airdrop Farming Trend: A trend of airdrop farming on these chains has gained popularity, with airdrops now holding substantial value, attracting increased Total Value Locked (TVL).

    • Alt L1s vs. ETH:

    • Room for Growth: Speculation suggests that there may be more room for growth in this alt L1 trend, raising questions about whether it truly constitutes a short meta, or more a cycle-long performing narrative

    • Year-End Expectations:

    • We expect crypto to have an exciting end to the year, driven by the dynamic performances and shifts observed across various cryptocurrencies and ecosystems.

    Crypto narratives to focus on this Fall

  • - AI Infrastructure / AI tokens.

  • - Metaverse & gaming tokens

  • - Social-Fi / Gambefi

  • - RWA - Real-World Asset tokens

  • - New Layer 1’s

  • - Telegram trading Bot tokens

  • - Privacy Dex’s

Top Stories

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😡 THE REKT SECTION 😡

Elizabeth Warren

The US senator has introduced a bill to crack down on Crypto.

Her proposals don’t paint Crypto well and suggest its purpose is enabling terrorist groups, rogue nations, drug lords, ransomware gangs and fraudsters to launder billions of dollars.

So nice to have a general umbrella placed on the whole system…

Anyway, if Warren has her way, Crypto will be eliminated from the future of global finance.

The good news is she has a horrific track record in Congress:

She has sponsored:

36 bills in the 118th Congress (2023-2024) 0 passed.

103 bills in the 117th Congress (2021-2022) 0 passed.

98 bills in the 116th Congress (2019-2020) 0 passed.

You get the picture now.

🏆 WEEKLY WINNER 🏆

B0161D

This might be premature and it may turn out to be a REKT in the long run but we back the bold play.

You have to hand it to the investor, they have balls bigger than Randy from that South Park episode.

The investor has decided to sell Autoglyph 113 for a cool 115 ETH $268,712 and swept 109 LilPudgys which has a floor of 1.13 ETH.

The Autoglypths floor currently sits at 179 ETH so the buyer has made some serious quick profit but the long-term play could be huge.

We back the intent so good luck soldier.

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