Today’s must-knows across Web3, Crypto, & NFTs.

GM Scoop Family. Let's dive in.

🗞️ SCOOPS OF THE WEEK 🗞️

⛓️ NFT’s

• NFT Wash Trading At All Time High

• Nike AirForce1 NFT Dropping

• Sony Files NFT Gaming Patent

👨‍💻 WEB3 

• LinksDAO wins $900k bid for Scottish golf course

• Microsoft's web3 wallet just got leaked...

• Immutable X teams up with Polygon

🪙 CRYPTO

• BTC to $1m in 90 days?

• Arbitrum takes the main stage this week.

🔦 PROJECT SPOTLIGHT

Mintify

We had the privilege of interviewing the Founder of Mintify 'Evan Varsamis' at the very start of their journey and it's safe to say the project has grown arms & legs, in fact it's now a fully-fledged beast.

Want to trade like a pro? Then look no further.

Mintify is a VC-backed NFT multi-chain aggregator, analytics platform, and trading terminal to deploy sophisticated NFT investment strategies. Frankly, Mintify delivers too many superpowers to discuss all of them, so here are a few of our favorites:

• Easily discover the hottest upcoming drops

• Smart Notifcations for NFT project launches

• Multichain Watchlist - Watch upcoming or established collections across multiple chains.

• Wallet Insights - Track your personal NFT portfolio & ROI

• Wallet Tracking - Track what the whales are up to.

• SuperNode - Snipe NFTs seconds after reveal

• One Click Whitelist - Get instant whitelist to partner collections

• Predictive Analytics - Cutting edge tech to predict the future price of collections.

But there is more.. A lot more. See for yourself here.

Mintify offers a lifetime membership NFT pass at the current floor price of 0.18ETH which if you look at just some of the tools above is an absolute bargain. Wen Utility? Now.

Mintify Opensea Collection

⛓️ NFT’s

• NFT Total Market Cap - $22.19B - 7 day change -0.65%

• Volume Traded Prev 7 Days - $407.4M +21.58%

🗞️ NFT WASH TRADING CONTINUES

At a glance 🔎

• The top 6 marketplaces have witnessed another rise for the 4th straight month.

• Wash Trading is the practice of manipulating trading volume and price through repeated transactions.

• February's statistics show an increase of 126% from $250m to $580m

🕵️ Scoops take:

Wash trading is illegal in traditional trading markets so the ever-presence of it should be a concern. We constantly hear how regulators pressurize government officials to crack down on everything NFT/Web3 related so abuse of the system like this doesn't work in our favor. It's naive to assume we can rid of Wash trading in its entirety but marketplaces can impose changes to ensure the space operates transparently. With X2Y2, Blur, and LooksRare being the 3 largest contributors, is the race to the top worth the tarnished reputation?

Thankfully, new AI tools are coming to market that quickly identifies wash trading, and given how fast AI is developing this tech will go from strength to strength.

🗞️ NIKE AIR FORCE 1 NFT

At a glance 🔎

• Nike x RTFKT will release physical forms of the Air Force 1 NFTs

• To obtain a pair of trainers/sneakers you need to buy the NFT of the desired colour from an option of 10

• The trainers/sneakers will be produced and delivered by the 4th Quarter of 2023.

• Check out the NFTs here.

🕵️ Scoops take:

We have always remained bullish on RTFKT as they continue to innovate & collaborate with major players in the Web2 World. They are certainly doing their bit for mass adoption. The Air Force 1 shoe is arguably one of the most popular sneakers around the world, so an exclusive drop in digital form is certainly something we can get on board with. The design of each shoe is unique and not something you will be able to find on the high street.

It won't just be NFT enthusiasts going after these puppies but sneakerheads worldwide.

🗞️ SONY FILES NFT PATENT FOR GAMING

At a glance 🔎

• The patent outlines a framework allowing players to earn NFTs

• Players will be able to trade or transfer the NFTs to different consoles and platforms

• Just because a patent has been filed, does not mean it is guaranteed to happen

🕵️ Scoops take:

There is no smoke without fire. When a gaming giant makes advances forward into NFTs it is pretty clear the future if bright for Web3 & NFTs.

It's no secret that one of the largest groups resistant to NFTs is the gaming community. We hoped that the recent success of Dookey Dash winner, Mongraal (who pocket $1.6m) coming from a gaming background would ignite NFT gaming, we are still very early as far as NFTs and video games go, but it's worth noting that should PlayStation see success in this initiative the flood gates will open and other major game developers & consoles will enter the race.

🧵THREAD OF THE WEEK

🌐 WEB3

🗞️ LinksDAO WINS $900k BID FOR SCOTTISH GOLF COURSE

At a glance 🔎

• LinksDAO is a Web3 community of golf enthusiasts with membership signified by NFT ownership. They raised $10.5m from their sale in Dec '21

• The community has followed through with its ambition of buying a real-world golf course after their winning bid for Spey Bay golf course in Scotland for $900k

• LinksDAO remains in conversations with another 20 golf courses in the US and confirmed on Twitter that more are on their way.

🕵️ Scoops take:

Set goal. Plan goal. Achieve goal. All in less than 15 months; nothing short of a hole-in-one from LinksDAO. This right here is what exquisite execution looks like. Golf and DAOs are as natural at taking a driver off the tee box - I mean, private golf club memberships are essentially web2 DAOs anyway so this feels very apt, especially in Scotland, the heartland of the game itself.

LinksDAO's really hit the sweet spot by also offering more perks to members than we've lost balls in the lake (and believe us that's a big number) and with major names such as Steph Curry being linked to the passes, we can only see this going from strength to strength over the coming months. With more courses lined up in the US, we can't wait to see what they pull out the bag next ⛳️

🗞️ IMMUTABLE X AND POLYGON TEAM UP TO ACCELERATE WEB3 GAMING

At a glance 🔎

• The No.1 web3 gaming platform 'Immutable X' serves millions of players & 100s of game studios

• Immutable X will now power its platform using Polygon's Zero Knowledge tech to simplify the onboarding of game studios and devs into Web3.

• The goal of the alliance is to accelerate time to market and gives businesses access to the largest & most liquid ecosystem.

🕵️ Scoops take:

We have said it 10 times or more and we will say it again. Gamers have some of the most to gain from Web3 & NFT tech out of any community.

“Billions of dollars of skins are sold each year with no rights for players – we’re changing that so players are in control, and ownership is the expectation.” - Robbie Ferguson - Immutable President & Co-Founder

With these two powerhouses joining forces it's only a matter of time before a AAA game takes the world by storm & NFTs become as normal as a morning cup of coffee. Our bet is the highly anticipated Illuvium will be first to take center stage.

🗞️ MICROSOFT'S LEAKED WEB3 WALLET

At a glance 🔎

• Microsoft is reportedly working on integrating a crypto and NFT-friendly Web3 wallet into its Edge web browser.

• Insider leaks screenshots of the UI exposing the early-stage wallet

• The wallet appears to be noncustodial, with Microsoft having no access to passwords and recovery keys, while it will also be “embedded in Edge” as opposed to being an installed browser extension.

🕵️ Scoops take:

We all love a leaky bucket when the drip tastes this sweet... Along with Amazon's recent announcement about its upcoming NFT marketplace, we may finally be starting to see the oil tankers waking up to the inevitability of a Web3 future... 🤔 Microsoft has traditionally struggled against its main browser competitors Chrome and Safari but a flurry of recent efforts to level up, including the addition of its AI chatbot may see the tides beginning to turn.

Edge still holds a 5.1% market share, representing about 260M users which is not insignificant. Rolling wallets out to this many people and building natively in browser would be a major, with the potential to step on the gas towards more widespread adoption of cryptocurrency, dAaps, and wider Web3 technology 🚀

🪙 CRYPTO

• Global Cryptocurrency $1.16 Trillion - 24/hour change -1.34%

• Volume Traded 24/hours - $65.04 Billion -20.57%

🗞️ BTC TO $1m IN 90 DAYS

At a glance 🔎

• Former Coinbase CTO Balaji Srinivasan places a $2m bet that bitcoin will hit $1 million In 90 Days

• Claims that we are in a worse banking situation than 2008 and individuals, firms & large funds will flock to BTC to hedge against hyperinflation.

• Balaji offering $1,000 to the top 1000 memes related to the bet.

🕵️ Scoops take:

With the likes of Signature Bank, Silvergate, and Silicon Valley Bank all collapsing recently, there's no doubt that the financial system is creaking more than that squeaky floorboard at your girlfriend's parent's house. Balaji reckons that many more financial institutions have a similar fate awaiting them and given his track record for accurately predicting world events, he could well be onto something. His logic makes sense:

However, bear in mind that Bilaji himself owns a decent stack of BTC, and any positive price movement off the back of his antics is set to benefit him in a big way. Whilst directionally, we absolutely agree, the scale of his prediction in such a dramatically short space of time feels like wishful thinking at best, and possibly even a short-term price manipulation tactic. Hey, it's got us talking about it after all 🤷‍♂️

🗞️ ARBITRUM WEEK

At a glance 🔎

• The market leader in Ethereum Layer2 Scaling 'Arbitrum' airdrops it's token this Thursday.

• Users will be airdropped up to 10,000 tokens depending on activity on the chain.

• Over-the-counter deals are already taking place in around the $1-$2 price range for the token.

🕵️ Scoops take:

Bit of a rerun of last week's story, but we want to stress the importance of this event, as it's probably the most hyped & anticipated airdrop in crypto history. Degens worldwide are speculating on the price of the $ARB token, from $5 all the way up to $40.

$40 is certainly a pipedream, but given the hype, and hype trumps logic in Web3 we expect to see this ride up to $3-$5 per token. If crypto is your poison then we expect to see tokens within the Arbitrum ecosystem fly following the launch.

😡 THE REKT SECTION 😡

If you have decided to pay attention to IRL news then you will see the sorry state the financial world has managed to find itself in.

Credit Suisse was on the brink of collapse and needed to be bailed out and taken over by competitors.

With these types of ongoings, you would imagine in terms of the financial world that the heat would be directed away from our space.

Well...you would be wrong, the latest shoddy update comes from Belgium which has introduced a law that requires all Bitcoin or Crypto ads to state "The only guarantee in crypto is a risk"

There are a whole host of investors fleeing to crypto to escape the banking crises ongoing so the irony is incredible.

Belgium, thanks for the scaremongering.

🏆 WEEKLY WINNER 🏆

We thought they would be a real hit within the space and now a week on, the stats are showing just that.

The project has done 3x of the combined total volume of the rest of Ordinals and shot straight to #1 in 24-hour volume on Bitcoin.

It was certainly a risky play but with risk comes reward and this project has set a fresh benchmark for the Ordinal space.

Well done to DeGods.

Annd that's a wrap for today gang!

Love and sprinkles as always, catch you back here soon for the latest

~ Scoop Crew

*Disclaimer*

The Triple Scoop newsletter & podcast is not financial advice, it is provided for educational, informational, and entertainment purposes only.