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SCOOPS OF THE WEEK 

⛓️ NFT’s

• Elementals Reaction

• Sotheby’s To Host Its First Dutch Auction

• Vodafone NFTs Choose Cardano

👨‍💻 WEB3

• Lacoste Reveals Tokenised Ecosystem

• Web3 Ride Sharing With 100 Tokenised Teslas

• Sony Network invests in Japanese Web3 startup to spur mass adoption

🪙 CRYPTO

• SEC says Bitcoin ETF filings are inadequate

• UK recognizes crypto as regulated financial activity

• Celcius can convert Altcoins to BTC

🔦 Utility Wen Drop POOP 💩

The highly anticipated Utility Wen from The Plague partly revealed and they decided to reveal… Poop. The infamous Owls dropped pellets from the Sky.

But why?

To represent what the whole NFT space has been shilling us the last year. They said it…absolute garbage.

Each Owl represented a different type of plague to the Web3 industry.

But this is classic Pons style. On Monday coming, Utility Wen reveals more of what is to come from this ominous.

Pons, the founder has big plans to disrupt the Web3 industry, not just through Hype, but by changing people’s lives for the better.

Stay tuned

⛓️ NFT’s

• NFT Total Market Cap $6.25B - 24/hour change -0.85%

• Volume Traded 24/hours - $35.9M +28.1%

• Plenty of FUD flying around, but lots of opportunities ahead.

• The Azuki ecosystem has taken a battering following the Elemental’s reveal.

• DeGods has now overtaken Azuki in Floor price and has taken the spot of the number 3 PFP project in terms of value. We do love the Degods.

• When there is Max FUD, it is the time to be bold.

• There are plenty of opportunities across Top projects with currently reduced floors from the highs.

• We love - Degods, Azuki, Memeland, Pudgy Penguins & Yuga (but feel they are quite stale at the moment).

Speaking of Azuki, this Male Spirit just sold for $205,000!

Significant Upcoming events in NFT land

• Ether Mint happening now! Let’s see how it performs. Current whitelisted are in serious profit - We are up to 1.2 ETH Floor

• DeGods Season 3 & Y00ts Season 2

• The Memeland Captainz reveal and apparently there will an infinite amount of traits?!?

Whales Are Scooping up:

• Azuki Elementals

• Azuki

• Azuki Elemental Beans

• Mutant Ape Yacht Club

• HV-MTL

Elementals Reaction

At a glance 🔎 

• The Dutch Auction began on the 27th of June and quickly sold out raising $38m for the project.

• Things were looking positive until the artwork was revealed which sent the floor tumbling below the mint price (currently at 1.6 ETH)

• The Project has been heavily criticised for the artwork looking identical to that of the original Azuki collection.

• The Floor price across the whole Azuki brand has dropped significantly with the main collection dropping to 9 ETH

  🕵️ Scoops take:

What did we say earlier in the week? it’s always worth keeping in mind that as we have seen with Yuga as of late, too much diversification can be perceived as fragmented & complex.

The issue that Azuki now has is that there has been a gigantic sell-off due to the appeal of having an Original Azuki on the eye wiped. The sell-off has been so hard that the project has had to release a thread on their Twitter apologizing which you can read here.

With around a 35% drop-off in the floor price the project is going to have to work extremely hard in maintaining that double-digit ETH Floor.

Some within the community have speculated that the artwork move was done on purpose for the FUD and attention which will lead to wholesale changes of the artwork.

Whatever the grand plan is, tanking your main collection and your new collection is never a great sign.

That being said it looks like Azuki is going above and beyond an apology. The below tweet shows that they are looking to upgrade the backgrounds on the elemental NFTs in order to provide more differentiation from the OG Azukis.

We believe Azuki are one of the hardest working projects in space. They have faced FUD before and come out stronger. Let’s hope Elementals isn’

Sotheby’s To Host Its First Dutch Auction

At a glance 🔎

• Despite all their activity within the NFT Space, the famous auction house has only ever held traditional auction-style sales.

• Their first Dutch auction will be a collection celebrating artist Vera Molnar.

• 500 pieces will be available with the sale to occur on the 26th of July

• The ceiling price for the collection is set at 20 ETH

  🕵️ Scoops take:

What Dutch auctions allow is for the price to be dictated by the investors as opposed to the projects, that famous old saying something is only worth what people are willing to pay.

Sothebys is building a really strong image within the space, they are continuing to promote extremely high-end collections as well as handling the tricky side of the space as we saw with them hosting the 3AC auction.

What is most impressive about Sothebys is not only their adaptation to the promotion of digital collections but their bullish intent on the space which is shown most by the launch of their own secondary marketplace.

Vodafone NFTs Choose Cardano

At a glance 🔎 

• It has been confirmed that the upcoming Vodafone NFT collection will be launched on Cardano.

• Not much is known about the collection yet with Vodafone to confirm what utilities the NFTs will have.

• There will be no whitelist for the project and no plans for roles for all joiners but the first 1000 members will receive OG status.

  🕵️ Scoops take:

Back in April, we were really concerned with the direction that Cardano was heading in.

The total number of Cardano NFT buyers fell by 23% in March and the index which measures the performance of the Cardano NFT market dropped 15.5% over the same period.

They were never going to take the top seat at the table but to maintain some sort of competitiveness they needed something special. Being selected by Vodafone could elevate their position at the table.

TWEET OF THE WEEK

Last week we gave away an Infamous Utility Wen Black Owl… And yesterday they revealed. Well, sort of, they dumped shit on everyone. But everything is never as it seems in the world of the Pons.

Find out below what’s coming next.

🌐 WEB3

Lacoste Reveals Tokenised Ecosystem

At a glance 🔎

• Lacoste, the iconic French fashion brand, is venturing into the NFT space with a gamified, tokenised ecosystem for its customers.

• The program, UNDW3, will reward engaged users with rarity-related NFT perks that the fashion brand says will increase those digital assets’ value.

• This move by Lacoste is indicative of the increasing interest of major retail brands in utilizing NFT and blockchain technology to offer unique experiences and rewards to their customers.

🕵️ Scoops take:

It's a fascinating time to watch as iconic brands like Lacoste weave their paths into the Web3 fabric. In creating a tokenised ecosystem that gives exclusivity to NFT holders, Lacoste isn't just following the trend, but curating a novel experience that intertwines loyalty with blockchain technology. In an attempt to secure themselves as a long-term digital destination for consumers, this feels like a smart play. The more a user interacts and participates with the ecosystem, the more the value of their NFT rises.

Web3 Ride Sharing With 100 Tokenised Teslas

At a glance 🔎

• Auto group “Eloop” is launching a decentralized and democratized ride-sharing service built on Web3 technology, aiming to rival traditional centralized services like Uber and Lyft.

• The 100 Teslas project will consist of a fleet of Tesla cars whose ownership is represented by non-fungible tokens (NFTs), allowing multiple stakeholders to share in the profits generated by the ride-sharing service.

• Using blockchain technology, the project aims to provide more transparency and fairer profit distribution compared to traditional ride-sharing companies, enabling contributors to be rewarded based on their level of participation and investment.

🕵️ Scoops take:

A crazy exciting venture into the realm of decentralised ride-sharing; it's a proof-of-concept for the possibilities Web3 offers to upend traditional business models. By converting physical Teslas into NFTs, the scheme cleverly weds the tangible and intangible, carving a new path for asset ownership and profit sharing. Beyond offering a potent counter-narrative to the Uber and Lyft dominated landscape, it could serve as a precedent for how we define 'ownership' and 'profit' in the emerging digital era. 🚕💨

Sony Japanese Web3 Investment Set To Spur Mass Adoption

At a glance 🔎

• Sony Network Communications, a subsidiary of Sony, has partnered with Japanese Web3 infrastructure tech company Startale Labs.

• The collaboration includes a $3.5 million investment to build a foundation for the widespread adoption of Web3.

• The partnership aims to push Startale’s development of Web3 services and products, with a focus on creating all-in-one solutions for Web3 development and bridging real-world assets with the Web3 ecosystem.

🕵️ Scoops take:

Sony's strategic partnership with Startale Labs is a clear signal of mainstream tech's acknowledgment of Web3's potential, and it's setting a powerful precedent. By investing not only capital but also top-tier leadership in the form of Jun Watanabe, Sony indicates its serious intent in fostering the Web3 infrastructure.

It's not just about financing the future; it's about actively shaping it. This collaboration serves as a testament to the increasing convergence of the digital and physical worlds, and how Web3 technology can serve as the bridge. As we see more such collaborations, it's evident that Web3 is moving beyond the fringe tech spheres, marking a pivotal chapter in the story of internet evolution.

🪙 CRYPTO CRUNCH

• Crypto Total Market Cap $1.17T - 24/hour change -0.36%

• Volume Traded 24/hours - $52.34B +6.33%

• Today we broke past $31K, but Gary Gensler decided to ruin the fun.

• News broke that the $BTC ETF filings are not adequate. LOL

• Gary Gensler just doesn’t like us making cash

• But fear not!

• As the month, quarter & 6-month mark comes to a close today it is imperative that Bitcoin holds above the $30K level. If it manages to do so, this looks to give a bullish engulfing on the monthly time frame and we can expect a fruitful start to July.

• The next major Key level is $32K, should we pass that, then you can expect onwards to $35K.

  Crypto narratives to focus on this summer

• - AI Tokens

• - Decentralised Exchange Tokens

• - Liquid Staking derivatives projects

• - Metaverse & gaming tokens

• - RWA - Real-world Asset tokens

• - Cross Chain Projects

• - ‘Real Yield’ Bearing tokens/projects

  Top stories

• SEC says Bitcoin ETF filings are inadequate

• UK recognizes crypto as regulated financial activity

• Celcius can convert Altcoins to BTC

😡 THE REKT SECTION 😡

Jampzer

No matter how much experience you have in the space, costly mistakes can happen to us all.

This victim this time is popular NFT/Web3 enthusiast Jampzer.

Unfortunately for Azuki, it also portrays the Elementals’ mint in an ironic way.

Jampzer accidentally accepted a 1.5 WETH offer on his Azuki thinking it was his Elemental.

Despite the chances of the artwork being hard to differentiate, this was an 8.5 ETH mistake.

Remember everyone, check, check, and then check again….

🏆 WEEKLY WINNER 🏆

TyrantRave

Despite the negativity surrounding Elementals there has been a huge opportunity to make some very healthy profit.

The best example of this is investor TyrantRave who purchased Elemental 12882 for 15 ETH and proceeded to sell it for 19.99 ETH only 15 minutes later.

With a tidy profit of $9450 this goes to show that despite the FUD Elementals has received, good profit opportunities will always present themselves.

And 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.