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

🍦STATE OF THE MARKET

One collection has certainly stolen the show this week & that is Art Gobblers. Boasting just under 7000 ETH traded since launch last night. Exciting is in there air across NFT Twitter as volatility & pumps meet us once again. 

It was always hard to see how the same old PFP collections were going to make noise in this market, innovation was always needed to create energy and excitement. If you weren't lucky enough to have minted Art Gobblers then don't fear. Change & innovation is needed to kick-start new market trends, we cover Art Gobblers further below.

Given the rise in the dollar price of Ethereum, the NFT blue-chip index is certainly started to trend upwards over the last week when looking at it in $ value. Ultimately if you value your NFTs & Crypto assets in dollars then this is positive momentum, If you are more interested in stacking ETH then it is best to sell when the ETH price of NFTs rips higher. As always when Ethereum pumps in $ price you can expect the Floor price in ETH to drop as traders seek to take profit. 

As far as the crypto markets go, Ethereum is up a whopping 18%, Bitcoin 6.5% & Doge is up 114%. Madness. This week, the markets await the announcement of the FOMC (Federal Open Market Committee) interest rate decision which is due on Wednesday at 2pm EST. 

🍦SCOOPS OF THE WEEK

🍦 Happy 14th Birthday Bitcoin

🍦Binance CEO Wants To Help Twitter Merge to Web3

🍦Web3 Sweeping the Talent

🍦Gamestop Increases Its Marketplace to Include Immutable X

🍦Steph Curry Files Trademarks

🍦 Happy 14th Birthday Bitcoin

IRL the 31st of October will be a very different "celebration" for most, costumes have been bought, candy jars filled for those trick or treating but for us degens...we celebrate the anniversary of the Bitcoin whitepaper.

It seems like it's been around for a lot longer, the price action certainly makes it feel double that length but on the 31st of October 2008, Satoshi Nakamoto's email circulated that read as follows: " I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party"

14 years on, the journey has been turbulent. For starters, the Market Cap is circa $352bn, with 21m in circulation. The currency is banned in full in 9 countries with a further 15 implicitly banning it whereas El-Salvador has adopted it as legal tender...it's safe to say its adoption is still somewhat controversial. 

It's not all been plain sailing though, from an investment perspective anyway. Looking at the price over history, it's only in its double-digit years that the price reached levels unforeseen. The below will confirm why it's led to plenty of the public digging in the landfill sites for their old computer hard drives that contained bitcoin.

31/10/2009 1BTC = $0.00009

31/10/2015 1BTC = $314.17

31/10/2019 1BTC = $9,226.79

02/11/2021 1BTC = $63,336.40 

31/10/2022 1BTC = $20,739.86

Ethereum may be the main currency we use for our NFTs but without the creation of Bitcoin, this world would not be anywhere near what it is today so for that, we thank you Satoshi Nakamoto. 

Binance CEO Wants To Help Twitter Merge to Web3

If you've been keeping up-to-date with all things Twitter, you will know what side of Elon Musk you want to be on.

Changes to the company are still happening with Musk taking no prisoners, his latest action on the 31st of October was dissolving the Twitter board and making himself the sole director...fair enough he is the boss.

Well a hand of friendship has been extended by Binance CEO, CZ who has offered to assist in helping Twitter merge to Web3. 

As we said last week, Musk is no stranger to our world and will want to see movement in all things Metaverse sooner than later so don't be surprised to see something develop from this offering. At least there needs to be no consulting on Twitter's end.

You can see a clip from the interview here.

We anticipate this won't be the only news featuring either CEO this week with Websummit set to take place this week.

In case you aren't familiar, Websummit holds events across the world with notable speakers deriving from founders and CEOs of technology companies, fast-growing start-ups, policymakers and heads of state. The event is in Lisbon and with over 70,000 people being brought together from the 1st of November to the 4th expect some bullish news.

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Web3 Sucking the Talent

"The best & brightest minds are operating in Web3" - Mr Wonderful

There are two words that send shockwaves through the financial markets, inflation and recession. Companies don't take forecasting lightly and the unfortunate reality is many companies have no choice but to streamline their workforce.

Layoffs.fyi has released statistics that confirm the streamlining process is well underway with more than 700 technology sector companies laying off staff, the total number of impacted employees stands at 93,519 and includes companies such as Google, Netflix and Apple.

As the famous proverb goes "One man's trash is another man's treasure" and as a result of the above staff cuts, we are witnessing a large influx of talent hi-hoing their way to Web3 companies. 

This is extremely bullish, given the current shape of the Web3 world where there is a multitude of new start-ups, which will soon be the Google, Netflix and Apple of the future, seeking to hire the many talents that have unfortunately lost their positions.

It can be a huge decision to move to Web3 but speaking on behalf of a fellow colleague here at Scoop, it's one you may wish you made earlier.

Gamestop Increases Its Marketplace to Include Immutable X

It's safe to say that so far it hasn't been a smooth ride so far for the Gamestop marketplace. In case you weren't aware the marketplace was found to be selling stolen games. This controversy followed the 9/11 NFT which rightly received heavy backlash. 

We commented at the time stating Gamestop needed to get their act in order and fast...well it turns out they may have just done that.

It was announced on the 31st of October that Gamestop has added support for NFTs minted via Immutable X network to its marketplace meaning items bought from Web3 games can now be bought and sold through Gamestop.

This aligns well with the news Immutable shared back in June that they had raised a $500m dollar fund with the aim of increasing web3 and blockchain games adoption.

Things are looking really positive for Immutable they are certainly not moving slowly following the announcement of their fund. It has been revealed that they have onboarded more Web3 games in Q3 than in any other quarter with statistics showing 50 games onboarded and over 1000 being built in a "testing enviroment"

Our View

This is a really bullish move from Gamestop and certainly a wise one, the dominance Immutable has in Web3 gaming through Gods Unchained and Guild of Guardians plus more shows that they have identified an area of growth for the marketplace that should lead to increased volume.

Immutable has a very impressive track record so far out with the gaming side of things. The Illuvium land sale was such a success due to the Immutable X layers reducing transaction fees. 

Steph Curry Files Trademarks

We have seen the largest companies in the world filing trademarks left right and centre recently...finally the inevitable outcome is reaching the boardrooms.

What we have also witnessed is a large influx of A-List celebrities shooting their shot at the Metaverse.

The latest is 4 time NBA Champion Stephen Curry who on the 26th of October filed a trademark for "Curryverse"

The application covers virtual clothing, goods, business management, investment services, charitable fundraising services, software services, selling and exchanging NFTs and more.

Not many specific details have been released just yet but Curry is arguably one of the most famous sports stars in the world boasting 47m followers on Instagram and 17m on Twitter.

Our View

It's worth nothing that celebrity status does not equate to metaverse success...see Chris Brown. 

Curry however does have a pedigree in our world and what appears to be an impressive portfolio with his Bored Ape that was purchased in August last year.

It's too soon to see whether it will be a success or not but it is good to see celebrities familiarize themselves with the space before apeing in.

🏆SCOOP'S WEEKLY WINNER 

It's not often a Coin makes it to the top of the pile but when the coin is up over 100% in the last month it's trophy status can't be argued.

Yes it's directly related to the news over at Twitter but nonetheless, it's performance has seen 62% of it's holder in profit.

Dogecoin, come collect your trophy.

Yes, the majority of the gains have occurred since Elon bought the company, but shrewd investors knew a move from Elon could cause some bullish price action...well that day has come.

Future movement is of course unpredictable but a story broke this morning where Twitter Blue Ticks will need to pay $240 a year to keep the precious tick with Twitter staff (what's left of them) having to finalize the plan by November 7th. It is unknown if this fee will be payable with Doge only but if it turns out to be the case then there are going to be a hell of a lot more holders of Doge...as always this is not financial advice and this isn't confirmed, it's just a growing theory which could either be 100% accurate or 0% such is the way of prediction Musk's movements.

THE REKT SECTION 😡

We hate Rugs, they create destruction that can put an investor off for a long time, it can also destroy a portfolio that has taken years to amass. 

It's one of the main arguments for regulation and each and every single rug turns our ice cream sour.

To find out 97.7% of tokens launched on your exchange have been rug-pulls... with only 631 of 27,500 being legit (so far) there is only one thing for it...Uniswap WELCOME TO REKT.

The stats depict why it is so important to diligent with your own research rather than just hearing the tip of your buddy down your local bar. 

If you want to read the report, here it is.

💧WHAT'S DROPPED

Art Gobblers - The Decentralized Art Gallery

Last we suggested a Bull run may be on the horizon, well it's safe to say the Art Gobblers' price action has been nothing short of crazy. The trading volume currently sits at just under 7000ETH, could it overtake the BAYC 30-day trading volume?!? We haven't seen much like this since the glory days of Invisible Friends mint. The Art Gobblers is an experimental art project by Justin Roiland (Co-Creator of Rick & Morty) & Paradigm (Web3 VC fund). The project offers a free tool on their website to encourage the production 1/1 art & share it with the world as an NFT or (Digital Gobbable collectible). 

The Art Gobblers (The recent NFTs that have dropped) 2000 now available on Opensea, produce the native token of the project $GOO. $GOO is used to create new Gobblers but also 'Blank pages' which can be used by artists to create 1 of 1 piece of art. Gobblers as well as producing $GOO can also Gobble Art. If a Gobbler Gobbles art, that digital art is transferred to the Gobbler and displayed in the Gobblers belly on display for the world to see (Hence the decentralized art gallery). Some Gobbler owners may only be interested in Gobbling art from specific artists e.g Beeple or categories such as Dog art for example. If a Gobbler is sold, all of the art is transferred with it. You can see how Gobblers holding rare art may quickly obtain huge value. 

The project is a mixture of art, gamification & PFP. The Gobblers were free mint & those who were lucky enough to obtain a whitelist, minted & sold have made bank! We have said countless times that the same old PFPs just won't wash anymore and that the NFT community has been crying out for new innovation, utility & use cases to drive excitement. 

It looks like Gobblers has done just that. The project is certainly innovative and it is likely we will see other projects attempt their idea. It's fair to say Gobblers have certainly given birth to a new category of NFT. The Floor is currently extremely hot for the Gobblers, around 14+ ETH. We have to say the project is super impressive, but it's likely that this Floor will drop if you are looking to scoop one up. 

Top dive deeper into the details of Art Gobblers, Check out this Doc

NFT PARIS 🇫🇷

Introducing NFT Paris a highly anticipated event known as the World's NFT Meeting. NFT Paris kicks off on February 24-25th 2023. Before you know it, it will be you'll be tucking into your Christmas Dinner, Ringing in the New Year, and then NFT Paris will be upon us. Time Flys..

We bring this event to your attention because boy does it look tasty, from the venue, the event design, and of course the speaker lineup. It's clear this event is going to be a showstopper. France has quickly solidified itself as an NFT flagship having had some wildly successful NFT start-ups launch out of the country, including SoRare, Ledger & The Sandbox. Outside of NFTS, Paris has been coined by many as the capital of the Arts & luxury Fashion, and 'NFT Paris' looks to put the French capital on the map as an epicenter for NFT tech & culture. 

NFT Paris will be no short of style, this epic event will be housed by The Grand Palais a 10,000 Square Foot venue with a direct view of the Eiffel tower, which is also home to the prominent art shows & Art Basal. 

The event will welcome 15,000 attendees who will be immersed in a showcase of the latest NFT tech, art, music, gaming & culture led by some of the best & brightest in the game. NFT Paris boasts 120 carefully curated speakers who will deliver a range of talks, interactive workshops & panel discussions sharing their vision for the future of the NFT industry. Speakers will include pioneers of the NFT industry like Greg Solano Co-Founder of Yuga / BAYC & leaders of traditional brands who will adopt NFT technology bridging them across from Web2 to Web3 including LVMH, Loreal, Chanel & Volkswagen. 

Anonymous founders & thought leaders are no strangers to the NFT space, anonymity is embedded in the grassroots of web3. Enter the Anonymous stage. 

NFT Paris Anonymous stage will bring life to anonymous speakers in an experiential space. It looks like something from the latest Star Wars movie, but we love to see it. The future is here. 

Heald in a beautiful city, an Iconic venue & showcasing the best & boldest in NFT land, NFT Paris has something for everyone. The NFT Scoop will be there & if you can make it we would love to see you there too.  

2 Day Ticket for NFT Paris costs 290 Euros. 

Click the link below for a 15% off ticket

Website - NFT Paris

Twitter - NFT Paris

🤡 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.