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🍦SCOOPS OF THE WEEK

🍦RTFKT Launches Cryptokicks

🍦Reddit NFT Mints Reach All-Time High

🍦Timex x BAYC

🍦China Rules NFTs As Virtual Property

RTFKT Launches Cryptokicks

The phrase 'if you're standing still you are going backwards' couldn't be more applicable. The eggs were shared only last week, and now the next move is already here.

RTFKT together with Nike technology is launching the 1st native Web3 sneaker.

Known as The Cryptokicks iRL, the shoes will feature auto-lacing, enhanced lighting, haptic feedback, gesture control, walk detection, app connectivity and wireless charging via the RTFKT powerdeck.

We attach a link here so you can see the collection.

Now the most important question...how do you get a pair?

The drop will be happening here.

There is a private mint taking place for those who hold Lace Engine NFTs which shall begin on the 12th of December 10:30 am EST.

For the public mint, registration will be open from the 7th of December 11:00 am EST to 9th of December 11:00 am EST.

Rules:

1. You need to have an RTFKT Account

2. You need to have a cryptocurrency wallet supported by WalletConnect

3. You need to have 0.5 ETH in your wallet

4. You need a U.S shipping address as the drop is US shipping only

5. There is only 1 entry per RTFKT account

To create a RTFKT account click here

To learn about creating a wallet supported on WalletConnect click here

Draw Link here

Reddit NFT Mints Reach All-Time High

The Bear doesn't apply to Reddit. Back in October, it was clear the trajectory Reddit was heading in. When large profits are there to be made, degens will follow and follow they did.

It's been revealed that on the 3rd of December Reddit hit new heights with 255,000 of their Avatars being minted in one day.

The previous record was set at the end of August when 200,000 avatars were minted.

Following the new high, there are now 4.4m Avatars in circulation. The bullishness of the community is there to be seen with only 40,000 being sold since launch.

It's important to remember that Reddit adopted the approach of using no Crypto or NFT terminology. This just goes to show that using simple language can help with adoption & in this case send the market booming.

THIS NEWSLETTER WAS BROUGHT TO YOU BY: THE HYHU NETWORK 🎲

Let's Play! The HyHu Network is a Web3 Pay to Play raffle site that allows you the chance to win Blue Chip NFTs for less than the cost of Gas! Sounds Fun & Fair to us!

The HyHu Network is a sustainably funded Pay2Play ecosystem and is pushing boundaries in the NFT space! You can buy $HYHU tokens for just a fraction of an ETH (0.007) save them on your account and enter the Prize draws whenever you like 😎

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Timex x BAYC

Full commercial rights strike again. Probably one of the greatest ideas brought to the space where we are continually seeing a rollout of companies entering Web3 with Bored Ape-related products.

The newest entry is Timex, which has launched Bored Ape watches with matching NFTs.

The collection to be launched consists of 500 one-of-one customizable watches.

The customization means the owner's Ape / Mutant will be prominent on the watch's face with those who purchase being able to also customize the choice of case, strap, and etchings.

The watches are not expected to be dispatched until the 2nd quarter of 2023.

Now the important part...the cost.

The sale began with a mint cost of 2 ETH.

We attach a link to the website here.

China Rules NFTs As Virtual Property

NFTs are still in a very grey area but in China, that grey is now turning into more black and white.

It was decided by the Court in the city of Hangzhou that NFT collections are online virtual properties that should be protected by Chinese law.

At a time when we are witnessing higher-end thefts and a lack of clarity surrounding the legal status of NFTs, it is positive to see the Chinese take this stance.

🏆SCOOP'S WEEKLY WINNER

It feels like a while since this project graced our newsletter, it was probably around when The Oddities NFTs were introduced.

Over the last 7 days the Proof Collective NFT has seen a remarkable rise in the floor price.

It is worth remembering that there is a low supply for the project meaning the price is more volatile. However, when the floor moves up 13.5 ETH in a week, reaching it's highest point in 3 months, that is definitely winning material.

With only 3 sales until 50 ETH, this may not be the end of the rising tide.

Congratulations Proof Collective. 

THE REKT SECTION 😡

We have all heard of someone having a party where barely anyone turns up, but we guarantee you won't have heard of someone spending nearly $408,000 on a party for only 6 people to show...until now.

European Union Foreign Aid Department...Welcome to REKT.

They hosted a Metaverse party but unfortunately for them, only 6 people turned up. The party was to promote their "Global Gateway" that aims to develop and build infrastructure in developing nations.

We believe the intentions are in the right place, but to spend that much for no-one to turn up...it can only be REKT.

Just think what you could have bought with that $408k!

🤡 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.