Trump sells out NFT Collection

+ could this be the next wave of Royalties?

NFTScoop

GM Scoop Family. You've been missed. Now let's dive in. 

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🍦STATE OF THE MARKET

NFT

Guys. We made it! Into the cool zone, an area we haven't seen for a while. The sentiment is on the up! Maybe Trumps had an impact..

  • NFT total market cap - $21 Billion dollars - Sitting steady.

  • Trading volume up - 100% - Nice

  • Whales are scooping: In 1st place Valhalla, followed by Yuga collections & Artblocks.

Crypto

  • Crypto total market cap - $864Billion - Fairly steady

  • We saw some early pumps at the start of the week due to lower than expected inflation data. Pumps have since retraced

  • $TON Coin has been on its own bull run this week - up 27%+ (Telegram's token)

  • ETH is down 5.4 % in the last 7 days.

  • BTC is up 1.2 % in the last 7 days.

  • Trends & Narratives to watch: Decentralised exchange tokens, decentralized browser tokens.

  • Low cap Gems tokens for your radar; $MASQ $DXP (Vela Exchange)

🍦SCOOPS OF THE WEEK

🍦Trump collection sells out

🍦Digidaigaku creators 'Limit Break' announce new kind of royalty

🍦Paypal Will Integrate Crypto Services With Metamask

🍦Magic Eden Will Reward Loyal Traders

🍦Apple Planning a More Lenient Future

Trump NFT collection sells out. 

Trump is like Marmite, You either love him or you hate him. 

Regardless of your views he always manages to make waves in the media. This time it's the launch of an NFT collection. 

And Yes.. The collection sold out in 12 hours even in this market. The collection contains 45,000 'Trump Digital Trading cards' which were priced at $99. Donald stated "they are much like baseball cards, but hopefully much more interesting"

The collection is somewhat ridiculous, low effort & features mostly the same Trump face throughout accompanied by different backgrounds and outfits which supposably portray Trump's life of achievements.

But jokes aside they did sell out. An achievement the majority of projects dream of.

Trump took to an alternative Social platform 'Truth social' to make the announcement of his first official NFT collection via video which you can watch following the link below. 

We recommend it. 

It doesn't stop there, Trump wouldn't release just some Art, would he? Wen Utility Mr. Trump?!

By purchasing these 'Digital Trading Cards' you are in for the chance of winning a number of prizes, including a dinner with trump, Personal zoom calls, or a round of golf for your buddies and one of his famous resorts. 

The collection currently trades just below mint price, it will be interesting to see if this collection grows to be 'HUUUGE' or whether it's a flash in the pan. we think it will be the latter. 

It would appear Trump understands that 'the meme is the message' and the chances of us living in a simulation are getting more & more likely. 🀣 

🍦'LimitBreak' announce new kind of royalty

Creators behind the successful Collection Digidaigaku 'Limitbreak' announce 'Community royalties'

  • Set to launch in January 2023

  • Not only creators will receive royalties on sales

  • The previous owner of the NFT will receive royalties on future sales

This could very prove interesting. Could this encourage a more fluid market? It will be interesting to see how the mechanics of this play out and what means for sellers financially. 

Paypal Will Integrate Crypto Services With Metamask

A giant leap for crypto adoption....as long as you live in the U.S.

PayPal has announced that U.S. users will now be able to fund their Metamask wallets with ETH. 

The rollout is happening in the weeks leading up to the new year. 

Sitting down to Christmas dinner or walking the dog, there is now no excuse to not scoop up some ETH as both PayPal and Metamask intend for all users to be able to adopt the function via mobile. 

For now, here in the U.K., we will have to wait. But our time will come. 

Magic Eden Will Reward Loyal Traders

The largest Solana marketplace, Magic Eden, has revealed an awards initiative that will give traders a variety of benefits including fee discounts and airdropped NFTS. We are dubbing this "The Christmas Magic of Eden."

The rewards model will start in 2023 with "heavy traders" receiving the largest discounts.

The rewards will be broken down into 5 tiers with users earning points based on how much SOL they have spent. As always points make prizes (unless they are on your driving license) so each tier you manage to climb will ensure you receive greater benefits. 

If you are a trader who uses multiple Solana wallets to trade NFTs then fear not. It's been confirmed that you can link all Solana wallets into a single Magic Eden account allowing you to maximise your points.

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 😎

Apple Planning a More Lenient Future

Not the most popular company in the space right now, especially following the Coinbase debacle, but are things in the future looking promising?

It's been revealed that Apple is preparing to permit 3rd party apps on the App Store to allow NFTs and Crypto to be freely exchanged/traded without the deadly 30% "Apple Tax".

Let's not miss the point here, this isn't a choice by Apple, this is a similar scenario to when an underperforming football manager resigns before he is sacked to save face. 

The pressure has come from the European Union so the catch for now is that changes would only apply within Europe. Fear not our Americans, pressure is coming in the way of the Open Markets Act...for our readers across the rest of the globe, we simply don't know yet.

πŸ†SCOOP'S WEEKLY WINNER 

They previously had a ridiculously high floor price of 10 ETH but over the last 6 months, the floor has floated around the 1-1.2 ETH mark. 

You won't have seen them being discussed as much as other projects but this may be all part of the plan.

Over the last 7 days, the floor price has risen up to 2.2 ETH which is impressive for a project with a collection size of 11,111.

We came across a great thread which explains it. Read it here.

Congratulations Creepz

THE REKT SECTION πŸ˜‘

Not only are U.S users Geoblocked, the actual performance so far has left plenty of buyers down on their investment. 

$APE Staking...You've been REKT

For context, if you max staked a BAYC NFT this will have earned you 40 $APE tokens in rewards so far totaling (at the time of writing) circa $150.

10,094 $APE was required to max stake which at the time of launching was worth $44,000. The current price would sit at $39,900

So following the first few days of trading, you will have earned $150 from staking but lost $4000.00

πŸ’§WHAT'S DROPPED

🀑 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.