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Is 'Watch to earn' the next trend in NFTs?
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GM Scoop Family. You've been missed. Now let's dive in.
🍦SCOOPS OF THE WEEK
🍦A New Function Update From Opensea
🍦Yuga Labs Announces Bored Apes Community Council
🍦Cool Cats Partners With Animoca Brands
🍦Pay for McDonalds With Crypto
A New Function Update From Opensea
Another entry in the news section for the marketplace giant but again in what seems to be a bit of a theme recently, it's a positive move.
The giants have announced that users can now list and buy up to 30 items in a single flow.
We see this as a positive move, especially if you are about to ape in and expand your portfolio. This is because, In the case of a potential bulk purchase, Opensea will allow you to add up to 30 items from the same chain to your cart before finalizing any purchases in a single transaction thus heavily reducing costs associated with gas fees and allowing the process to be more convenient and streamlined.
If it's anything like my girlfriend's online shopping baskets, it will be filled and then emptied.
Yuga Labs Announces Bored Apes Community Council
The golden project of the space has announced it's appointed a Bored Ape Community Council consisting of 7 members which have been appointed "within".
The purpose of the Council is to help their "community grow and thrive" and each of the members has received a tweet outlining why each was chosen. You can check out the tweets here and see the official press release here.
It's worth remembering that every project has at one time been at the same point. If you are bullish on a project, able to offer services to aid in the development, and generally a solid member of the project, make sure you carry on as you just don't know where it could take you.
Cool Cats Partners With Animoca Brands
This seems like a match made in heaven, albeit not a surprise due to the recent news of Animoca recently receiving $110m from a consortium of new investors with the purpose of entering in the Metaverse focusing on GameFi opportunities.
This news follows from Cool Cat's recent partnership with Gaame which happens to be one of Animoca Brands' subsidiaries that have built a virtual casual gaming space connecting players, brands, and game creators.
If you remember our recent newsletter where we covered a bullish aspect of a project is via a storytelling method, Cool Cats adopt this brilliantly.
There is a perfect platform within this space for gaming to transition into web3 and we are bullish on Cool Cats, therefore our excitement for this one is there.
Pay for McDonalds With Crypto
Conglomerates in the space, it's catching on and growing. We are seeing a real progressive shift now in the adaptation to Web3 following previous trademark filings.
McDonalds, who are undoubtably one of the largest companies in the world, set out their intentions earlier in the year with 10 trademark applications which included NFTs, Virtual Concerts, Virtual Food and Drink products with another plan involving the opening of a virtual restaurant.
Well they have taken a step, albeit a small one, by introducing technology in a branch in Lugano, Switzerland meaning the store now accepts Bitcoin and Tether for payment.
A wider rollout may be on its way...we just have to make sure we don't blow BTC gains on Big Macs with extra pickles.
🏆SCOOP'S WEEKLY WINNER
Many of our readers will be aware this section had been used for an array of different stories whether that be news of investment, impressive floor movement, successful launches, new mints etc.
Well this is one we haven't covered before.
This week's winner is...The Japanese Government.
Prime Minister Fumio Kishida revealed plans to expand investments into the metaverse and NFTs during a public policy speech delivered to the nation.
Kishida went on to state that "the government will continue its focus on supporting the use of digital technology in society and promote initiatives to expand the implementation of Web3 services powered by the Metaverse and NFT technologies."
The reason we make this a winner is at a time when many countries in the west are facing scrutiny, threats of regulation, and termination of services it is amazing to see a progressive country adapting to the inevitable change coming our way in the way of Web3.
THE REKT SECTION 😡
He's been in the news section twice but now the time has come for a demotion to this section...for the record, he is still on the run.
Do Kwon...Welcome to REKT
In-case you have missed our recent newsletters or are a new subscriber, the latest position before this update was follows:
Terraform Labs’ co-founder who suffered a $40 billion wipeout in May this year, was on the run with South Korean prosecutors accusing Kwon of financial fraud. Interpol had issued a red notice for Do Kwon, requesting law enforcement agencies worldwide to locate and arrest him.
Well the latest update is not a pleasant one for Kwon.
The South Korean authorities have arrested Terra's Head of General Affairs and have given Kwon just 14 days to return his passport before it becomes invalidated.
Further squeezes have been placed with prosecutors freezing an additional $39m worth of bitcoin and other crypto owned by Kwon.
It's been a bit of a wild goose chase for Kwon and we are confident his entry to REKT will compound his misery.
💧WHAT'S DROPPED
Now, this is something that falls in line with our predictions about how the Music industry will be disrupted by NFTs. They sold out today in 7 Minutes! We love to see it.
Probably a Label is a partnership between Probably Nothing and Warner Records, a new type of record label aimed at redefining IP ownership in the music industry, utilizing Web3 technology. This is the first time that a traditional major label joins forces with a leading NFT culture brand to build an ecosystem that enables artists to create freely using blockchain technology.
The PAL Pass is a collection of 5,555 NFT passes that give holders access to the Probably A Label music ecosystem which you can purchase on Opensea. If 'Probably a label' takes off we would expect the NFT passes to have some strong upside, utility & benefits in the future.
PROJECT SPOTLIGHT
Project Name - DR/VRS
Project Bio:
DR/VRS is the genesis collection of 8,888 NFTs that open up access to the DR/VRS ecosystem, which includes limited edition merch, a graphic novel series, collectibles, utility, ownership rights and more to be revealed as we drive the Metaverse. Ownership of a DR/VR is your ticket to the race, don't get left on the sidelines.
Project Overview DR/VRS is a distributed brand, pushing the boundaries of what it means to be an entity with a community at its core. All Dr/VRS, all equal. A brand owned by many, inclusive and global. Our team has been in the Web3 & the crypto space since 2016, with various expertise and real-world experience in advertising, design, animation, development, analytics, and publishing - including a client list of Amazon, Spotify, Peugeot, Honda, Toyota, Cadburys, Pepsi, Pokemon, 505 Games & Virgin. The lead artist is also behind the Cronut NFT collection, featured in TimeOut, HypeBeast, and Thrillist, and has worked with global clients varying from large publishing houses to start-ups and gaming franchises.
Project Advantages
We use your DR/VR in our graphic novel series, you get paid as an actor or member of that production. Full range of merch with your droid on the back? You get royalties. Appear in the film, you gain; appear in anything we do and share in the success. Ownership also allows access to the DR/VRS universe and varying perks as we roll out our roadmap. Every side project, branch and evolution of DR/VRS will benefit holders and each character owns their own IP.
Project Information
Total Supply: 8888 Mint Date:
TBA Mint Price:
TBA Transaction/Wallet Limit: 1 per wallet (2 if on WL)
Official Links:
Official Site: https://weownthenight.io/
Twitter: https://twitter.com/drivrsnft
Discord: https://discord.gg/h8hAP8mxWt
💪 ALPHA
New Project: Lofi
We came across Lofi from a member of the NFT scoop network and wanted to put it on your radar as we feel it could have big potential and of course some pumpamentals. The project is a new up-and-coming project that is redefining what live streaming could be, by making live streaming more rewarding.
The platform has coined the term 'Watch to Earn' & will leverage 3 core components NFTs & Tokens. Users will earn both $BUZZ & $LOFI tokens for the 'watch time' they spend on their favorite streamers & content creators. The tokens can then be spent in app stores on items such as event tickets, physical items & of course upgrade your LOFI NFTs which are called 'PODS'.
The NFT 'Pods' must be worn (essentially turned on) when using to the app to earn the tokens. The 'Pods' will have different grades of utility & access throughout the platform.
What's exciting about this project is that is some similar mechanics to the famous 'Stepn' 'Move to earn' platform, which if you remember, the native token skyrocketed. The Lofi platform also has some big-hitting VC firms backing the project including, IOST, Zhen Fund & Alphanone (Could have thought of a better name guys). But all in all the VC firms included have a large network of unicorns they have already seeded.
The project is super early, so if you fancy getting involved the best thing to do is get started by downloading the app, starting the accumulate the in-app native tokens & keeping your eye on when the 'POD' NFTs mint!
Links below.
🤡 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.