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Pumpkin Spiced NFTs anyone?
The Triple Scoop
October 06, 2023
GM to the 33 new readers who joined this week. Without further ado. LFG
SCOOPS OF THE WEEK
⛓️ NFT’s
Starbucks Pumpkin Spice Latte NFTs
OpenSea Studio Platform
Diesel Launches Collection
👨💻 WEB3
Web3 Social onboarding is about to be a whole lot easier
Web3 Gaming advances forward & Posied for growth!
🪙 CRYPTO
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🏆 SCOOP PREMIUM
⛓️ NFT’s
NFT Total Market Cap $4.51B - 24/hour change +0.66%
NFT Market Total Volume 24/hour 6.7M +5.77%
The sentiment is a bit meh, but as suggested last week we are bottoming out and consolidating around these levels.
We are not out of the woods yet, but at this stage, it really doesn't matter. There isn’t much more downside to see.
We are now more confident than ever that the NFT market will make a strong rebound, likely in tune with the Crypto market which is raring up for a mega bull.
Finally, NFTs are finally becoming an asymmetric bet again.
We have seen rallies in volume across Beanz, Milady & Otherdeed expanded.
Notable Gainers in the last 24 hours - Rota Official, Forgotten Rune Wizard Cult both up over 25%
Plenty of Blue Chips on offer right now. If you are buying, focus on those with strong IP, community & growth plans. For example, Pudgy Penguins have proven by building in this market they hold & increase value.
Whale Buys
At a glance 🔎
The collection is to mark the 20th anniversary of the popular drink.
The NFTs will be sold in 4 varieties, Spiced, Whipped, Iced and Steamed.
Each costs $20 and there is an infinite supply.
Each purchase will also be rewarded with 250 points with a yet-to-be-revealed opportunity for buyers of all 4.
🕵️ Scoops take:
The Basic bitch drink of the World. Every Autumn you will find influencers across the globe posting ‘cute’ pics of their Pumpkin spiced lattes.
But how will they taste on the blockchain?
If anything screams bullish, it’s that they are only allowing members of the Odyssey scheme to buy the new NFTs, likely a ploy to drive their Web3 loyalty program adoption.
The track record of success is now showing and we expect this to be no different.
The hardest thing for them was shifting the mass custom to Web3 and the loyalty programme is doing wonders.
However, if the NFT’s metric of success is on the taste of the drink, they’ll find themselves in REKT.
⛓️ PREMIUM ALPHA
This week, premium unlocks are coming in hot!
Not a premium Scooper yet? No Sweat. You can get a 14-day free trial and get smarter in Web3 today.
At a glance 🔎
The concept was launched as a one-stop shop for creators.
The aim is to also allow creators to concentrate on their strengths as opposed to operational details.
Collectors can mint using credit or debit cards as well as seamlessly minting directly into personal wallets.
🕵️ Scoops take:
The concept is good and will certainly give back control to creators.
Hopefully, most of us will be able to see the other side of this though and we all know deep-down what the creators want.
The war on royalties takes another twist.
At a glance 🔎
The collection features 5 variations of a physical watch restricted to 300 pieces.
Each watch comes with an NFT which provides access to the Metamorph realm.
Non-watch purchasers will still be able to access the game but with a basic avatar.
🕵️ Scoops take:
IRL pieces that come with NFT and Web3 utilities are just what we love to see.
It’s certainly a bold strategy but the low supply might work in their favour as always low supply tied with high demand = successful floors.
The only issue we see is the lack of marketing with this one, what difference will the supply make if there is no demand created?
It’s one to keep your eyes on.
🌐 WEB3
At a glance 🔎
Phaver, a startup in the web3 space, aims to simplify onboarding for non-crypto users on web3 social platforms.
The company has raised $7 million in seed funding to develop a user-friendly web3 onboarding experience, similar to conventional social platforms.
Phaver's technology focuses on decentralized social protocols, enabling users to create, own, and monetize their social media profiles while maintaining control over data sharing.
The startup has integrated its "social graph" with the Lens Protocol and CyberConnect, two decentralized social networking ecosystems.
Phaver, launched in May 2022, currently boasts around 250,000 users, showing stable, linear growth since its inception, with a valuation of approximately $80 million. The funding will be utilized for team expansion, product development, and forming new partnerships.
🕵️ Scoops take:
Web3 Social platforms should take off in a big way given how centralized current platforms are, and how much control & censorship big platforms hold. The issue is onboarding, currently, it's tough clunky & outside the norm for ‘Normies’.
Phaver looks pivotal in supporting this shift and accelerating the adoption of Web3 social adoption. Onwards!
At a glance 🔎
Web3 revolutionizes gaming, offering unprecedented opportunities for developers and players through blockchain tech.
Web3 games show higher retention and spending compared to their Web2 counterparts.
Major industry players like Ubisoft, Zynga, and Microsoft are embracing Web3, with half of the Fortune 100 companies in the game.
Horizon's Sequence platform streamlines Web3 game development, solving key challenges.
Skyweaver sets the standard for engaging Web3 games, highlighting the industry's potential for growth.
🕵️ Scoops take:
It’s no secret that Web3 gaming is poised to be an explosive sector, NFTs assets attached to games have also shown impressive growth recently. the issue we have had in the past is that most web3 games didn’t prioritize gamers and gameplay, but soon this is about to change.
The more infrastructure being built for this sector of Web3 is fuel for the fire.
We look forward to the inevitable tokenized Pokemon Go!
Game on.
🪙 CRYPTO CRUNCH
Crypto Total Market Cap $1.08T - 24/hour change -0.65%
Ranging Chop, as per. Perfect conditions for DCA’ing your long-term bags. Not so much for day/swing traders as the market has lacked big swings and volatile moves.
That being said, nice to see a number of the ALT coins in our Premium section perform well & some make all-time highs, even in this market!
Following the jump early in the week in BTC we have dropped back slightly.
ETH experienced a dip to around 1615 but has rebounded to 1635.
ETH/BTC ratio currently stands at 0.059, up from yesterday's low of 0.058.
BTC dominance has risen to 50.71%, nearing its highest point this year, which could cause alts to shed some blood.
The lack of clear near-term catalysts and ETF delays create uncertainty in the market right now. Can the SEC just accept them? We all know they are going to eventually.
Selling strength remains the prevailing trend, potentially leading to a challenging period for crypto.
Crypto narratives to focus on this Fall
- AI Tokens
- Telegram gaming projects
- Social-Fi /Gambefi
- Telegram trading Bot tokens
- Revenue Sharing projects
- Liquid Staking derivative projects
- Metaverse & gaming tokens
- RWA - Real-World Asset tokens
Top Stories
😡 THE REKT SECTION 😡
SEC
We all know that one annoying kid who would never take no for an answer or would just keep fighting a losing battle.
Well, in this case, that kid is the SEC.
The Ripple court case has clearly caused them nightmares as they won’t just accept the ruling of the Court, they want to contest and fight.
But maybe not for much longer…thankfully.
The SEC’s motion to appeal against the ruling has been rejected and so all that’s left for the SEC at this stage is a box of tissues and some preparation for the April trial to address the remaining issues in the matter.
XRP surged 6% immediately following the news.
🏆 WEEKLY WINNER 🏆
Sugartown
It is not the first time we have shared this project and we don’t envisage it will be the last.
More records have been broken.
In just 3 weeks since Zynga’s first NFT game launched, the trading volume has now reached over 3000 ETH ($5m)
The floor has retracted a little from the highs of 0.39 ETH to the current 0.27 ETH but there is still so much more to come out from the game.
The positive news keeps on coming so well done to the team.
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