State of the market ⚡

Currently, we have seen a very slight retracement in $ETH, though as discussed in our previous newsletter we are bullish on ETH with the lead to ‘The Merge’. We still hold our view that we will see ETH reach around $2500 over the next 6 weeks and could reach highs of around $3000 before a selloff.

Regarding the NFT market, the overall NFT MCAP is up 2000%+ since last year, though currently, volume is very low, and NFT collectors and investors have significantly reduced their appetite to trade on the open market. We feel this is due to investors waiting for new innovations in the market and the development of new categories. We expect to see exciting developments in the Music, Entertainment & Gaming NFT categories in the coming months. New innovations and expansion of the NFT ecosystem will once again regain investor appetite to degen.

Currently, market sentiment is still in the cool zone! We are well aware we sound like a broken record at this point, but don’t shoot the messenger! Warmer climates are soon to come. We promise.

And Finally, the NFT blue-chip index has taken a further tumble, but this combined with reduced volume has meant that Blue chips are on fire sale right now. It’s a perfect opportunity to Scoop one up.

Scoops of the Week 🍦

🍦Tiffany team up with Punks to launch NFT

🍦Ticketmaster are expanding

🍦FC Barcelona’s first NFT a success

Tiffany team up with Punks to launch NFT

And I said what about an NFT from Tiffany’s…..

Well it’s happened and it’s here, Tiffany and Co have partnered with CryptoPunks to launch “NFTiff”.

What we know :

The collection consists of 250 items and can only be minted by CryptoPunks holders with each customer having the ability to purchase a maximum of 3 NFTiffs at the cost of 30 ETH per item.

Utility:

Anyone who decides to purchase an NFTiff will receive a handmade custom designed pendant that contains 30 gemstones and or diamonds and a NFT digital artwork that resembles the final jewelry design as well as authenticating ownership. Also, the pendant will be accompanied by a 18k gold adjustable chain which contains 5 diamonds.

The launch is due to take place on the 5th August and we imagine it’ll sell out quick. What’s really interesting about this collab is that Crypto Punks are considered an OG crypto NFT that are heavily owned by some of the most seasoned ETH & crypto native individuals. Given that Tiffany’s is very much a mainstream IRL jewelry brand, deciding to collab with one of the oldest & most web3 native collections demonstrates that Tiffany’s is clearly a progressive brand that understands web3 culture and is taking their entrance into the world of NFTs seriously.

Now for those that don’t own a punk…What about breakfast instead?

Now for those that don’t own a punk i.e us, what about breakfast instead?

Ticketmaster are expanding

Word for word in last Friday’s newsletter we said the following:

“NFT tickets will soon be a thing, it was a match made in heaven that just needed put together…..This is just the beginning, soon it will be concert tickets, airplane tickets, and any other ticket you can think of”

Well Ticketmaster clearly read our latest newsletter as they have put out a job advertisement for a product manager of NFT ticketing tooling.

The role includes expanding operations to create NFTs and sell to customers across all content categories including sports and music. The role also demands developing new products and features catering to the future needs of its NFT business.

Given Ticketmaster’s line of operations we expect the marketplace and or exchange to be operating in the near future.

If you’re interested in the job we attach the link here….. and no we are not receiving a recruitment commission.

FC Barcelona first NFT a success

FC Barcelona are the latest team to enter our world with their first NFT collection selling for $693,000 at a Sotheby’s auction in New York on Friday 29th July.

The collection is titled In a Way, Immortal, in memory of one of their best, and most legendary players of all time, Johan Cruyff who sadly passed in 2016.

The actual NFT itself is a 40-second long audiovisual piece that recreates, in a molten gold animation, a famous goal scored by Cruyff.

The piece was created and animated by a team of 40 computer graphics and visual effects artists in Holywood.

There is also a number of utilities that come with the NFT…..rightly so we guess as it did cost $693,000:

1. The winner will be named a digital ambassador of the club.

2. The owner will receive access to training sessions.

3. The owner will be invited to money can’t buy experiences. These experiences are listed as: meet and greets, visits to Barcelona’s academy, La Masia, hospitality rights (for a minimum of five years), the right to play at the Spotify Camp Nou stadium and an official handover of the ball before a friendly match.

It broke today that the club have sold 24.5% of Barça Studios to the company Socios for 100 million euros with the funds being used to accelerate the club’s audiovisual, blockchain, NFT and Web.3 strategy.

Crawley Town may have a new metaverse rival!

Scoop’s Weekly Winner 🏆

We provided you with a link to enter the pre-mint raffle, we then went on to tell you At just 0.6ETH we felt they are a strong buy, but we didn’t stop there, Potatoz also made it into “Where would we spend our ETH this week section”. The writing was on the wall...

This weeks winner is…….. Potatoz

Normally a project suffers a post reveal dump when we advised you they were a good buy they were still pre-reveal and if you don’t remember, the PFP was pile of shit being watered by a watering can.

Well the pile of shit has now sprouted and the reveal has taken place.

The art is as expected in pixelated form and the pile of shit remains…..literally.

Anyway……the project has performed well over the last 7 days with the floor rising to an all time high of 1.43 ETH before leveling off at 1.29 ETH…… great profit if you bought in at the 0.6 ETH. The project has also just announced it’s Stake-to-win function which we will cover later.

Remember - it’s super important to back builders with long-term prospects and vision. 9GAG MEMELAND certainly does.

Given the project has done a 2x post-reveal it’s only right it takes home this week’s winner trophy.

*We must address a project that we featured in last week’s weekly winner. Lady Ape Club took the crown. It was listed weekly winner given its volume and the Floor price it had achieved. It has recently unfolded that Lady Ape Club was in fact part of a wash trading scam, in which the team bought and sold the collection from team wallet addresses in order to artificially manipulate the price, liquidity and perceived success of the project.

What is Wash trading? Click here to find out.

REKT SECTION 😡

They are certainly prone to issues and the latest feature has led to an exploitation…..maybe cutting so many staff wasn’t the best idea.

Opensea…..welcome to REKT

The company implemented a new feature where you can buy an item on behalf of a different wallet address.

It didn’t take long for people to start purchasing items in the name of huge influencers such as @garyvee @pranksy, and other influencers.

The new feature meant wallet trackers show for example Garyvee buying the NFT themselves which then led to people fomoing in.

Gary was quick to release the following statement on his twitter.

Another disaster for Opensea, we wonder what they have next up their sleeve.

Solid 1-2 ETH Plays ✔

Given the current low volumes in trading activity, if we are dropping ETH it’s got to a medium to long-term hold. The below collections have been selected based on solid teams, community & growth potential.

• Potatoz by Memeland - 1.15ETH Floor - Potatoz are of course still on our radar. Back by an established team, all-star advisory board with utility, MEME list, and further project drops to come! We think they are a solid pick-up.

• Otherdeeds - 2.15 Floor - Slightly above 2ETH but Whales continue to SCOOP up Otherdeeds. Something is cooking. What’s not to love about a piece of land in Yuga’s metaverse

• 10KTF by Wagmi San - 0.68ETH Floor - Wagmi sans NFT project has an extremely engagement community, solid lore and rumor has it, that they are tied to the Otherside Metaverse by Yuga.

• Ledger Marketplace NFT - 0.47ETH Floor - Ledger are known for producing hardware wallets for investors to secure their NFTs and Crypto. With the launch of their NFT marketplace around the corner & solid partnerships already & utility already in place, exciting times are certainly ahead.

Whats Dropped 💧

• High street world has announced the ‘IHO’ initial home offering in collaboration with Animoca brands. Highstreet world is the first retail-centered metaverse. Their recent “Initial Home Offering” (IHO) is of 5,000 futuristic All-Terrain Trailers. Highstreet players will be able to purchase these homes. Whitelisting begins this month!

• Potatoz by Memeland has announced its Stake-To-Win function. Holders will be able to stake their Potatoz to participate in weekly prize draws! Who knew Potatoz could be so fun.

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.

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