WTF is Walt's Vault?!?

Coinbase bites back at the SEC

The Triple Scoop

Rise and shine, Scoop squad! We've got a whole new world of tasty treats for you to explore today 🍦 Without further ado, let's crack open the tub 😎

πŸ—žοΈ SCOOPS OF THE WEEK πŸ—žοΈ

⛓️ NFT’s

  • Amazon NFT Marketplace Delayed

  • Proof Collective Are Building A 3D World For Moonbirds

  • FTX Takes Control Of NFTs Worth Over $4m

πŸ‘¨β€πŸ’» WEB3 

  • Nike x RTFKY Forging Event Now Live!

  • NFL Launching Web3 Mobile Game

  • Web3 Social Media Lens Scaling At Pace

πŸͺ™ CRYPTO

  • 46% Of Millenials In Major Economies Now Own Crypto

  • Coinbase Sends A Fiery Response To SEC Wells Notice

  • Binance Has Ousted North Koreans

  • Dinosaur Gary Gensler keeps digging at Crypto

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⛓️ NFT’s

  • NFT Total Market Cap - $7.94B - 24/hour change +0.71%

  • Volume Traded Prev 24/hours - $20.6M -4.49%

  • Both market sentiment & our thoughts on the market remain consistent with last weeks post. Key points to consider πŸ‘‡

  • There is fear in the NFT markets

  • Collections with the strongest communities are holding up

  • We are avoiding smaller NFT collections

  • Only blue chip collections should be considered for purchasing.

  • Innovation is needed beyond PFPs, Community, Staking & Merch'

  • The next bull cycle will not be led by PFP NFTs. They will be an entirely different category.

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πŸ‘€ UPCOMING PROJECT TO WATCH

Walts Vault is one of the most anticipated upcoming NFT mints and something big is coming on the 30th April! The team has done an incredible job so far & managed to garner serious traction, through creative storytelling & building up hype & speculation to what will come next.

Centered around deep lore & high-quality hand-drawn animation, the work that has gone into this project must be admired, we are getting early Walt Disney animation vibes. Don't get it twisted though, despite the name 'Walts Vault' this is not an Official Disney project. One thing is sure though, given the name & the style of NFTs they are definitely playing on it.

The project has multiple facets, but fear not, the best collections do, think Yuga, think Memeland etc. They have already launched Ravendale which sits around 1ETH, we know that this will give you access to another drop 'Merkel Coin'.

At the moment there is speculation about which is the main collection, but our sources suggest that the drop coming on the 30th will be just that.

You can register below for the Dreamers Vault list below.

This great thread by KineticWeb3 below gives a deep dive into the success of the project so far.

At a glance πŸ”Ž

  • Due to a technical issue the launch has been put back.

  • The launch is now set to take place on the 15th of May.

  • The initial launch was supposed to be at the end of 2022 but was postponed due to market conditions.

πŸ•΅οΈ Scoops take:

Thankfully the reason for this delay is a much more positive one than the first. For the largest e-commerce company in the world to enter our space it has to be pretty flawless so we have no issues with them making sure their house is in order. With millions of daily users, the potential for mass onboarding speaks for itself so we are just praying they nail the release.

At a glance πŸ”Ž

  • Proof is teaming up with 3D world-building platform Mona to build "Moonbirds Monaverse"

  • The aim is to create community experiences such as live town halls, viewing parties and art reveals.

  • The announcement was made at CoinDesk's Consensus 2023 Conference in Austin, Texas

πŸ•΅οΈ Scoops take:

It's been a tricky time for the project in recent times. It was only in February that they had to cancel their conference due to a lack of sponsors. That being said, we have always been massive fans of the founder Kevin Rose, who has displayed bullish intent throughout his time in the space. The current price of 8.88 ETH for a Proof Collective may not be a fair reflection of the project but we have always felt, especially with Moonbirds, there has been a solid community there that may just thrive again on this news.

At a glance πŸ”Ž

  • The Bankrupt exchange has control over many blue-chip NFTs including 32 BAYC, 7 Azuki and 29 Otherdeeds.

  • The total "estate" is worth over $4m

  • It is estimated that the consolidation of the NFTs might be the first step towards liquidating the assets.

πŸ•΅οΈ Scoops take:

Things have gone fairly quiet on the FTX front whilst the court case builds...not that anyone is complaining. Even though the collection is somewhat impressive and any collector would be proud of it, we aren't totally convinced the purchases were made in good faith. They will certainly need to dig deeper into the vaults to cover their liabilities although this would be a start.

🧡 THREAD OF THE WEEK

Are NFTs going to Zero?

Minh doesn't think so, dive into the thread below to find out why.

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🌐 WEB3

At a glance πŸ”Ž

  • Holders of pre-forged RTFKT NFT's can forge limited edition digital Air Force 1 sneakers, including two styles designed by artist Takashi Murakami.

  • Sneakers to ship in Q4 2023

  • RTFKT will also host an exhibition at GEISAI, an artistic event in Tokyo, Japan, on April 30, 2023 to showcase Murakami's first-ever Air Force 1 sneakers, RTFKT's Clone X, and planned Animus work.

πŸ•΅οΈ Scoops take:

Holders of these NFT's have been anticipating the Forging event for a loooong time, and it's finally here. Nike, has joined in by retweeting and putting up a huge, epic 3D AR billboard in Tokyo, adding to the buzz. By offering physical sneakers through this event, it shows how NFTs can link the digital and real worlds while also drawing more attention to the world of NFTs.

The metaverse fashion war is well and truly heating up with big moves from main competitor Adidas also. They've previously collab'd with the BAYC, and on top of their upcoming ALTS project they're also launched a partnership with Monkey Kingdom for a new launch in Asia. This will be a fascinating one to watch play out.... πŸ‘ŸπŸ§’πŸ‘–

At a glance πŸ”Ž

  • An NFL-endorsed new, blockchain-backed mobile game NFL Rivals has been released into early access.

  • NFL Rivals is developed in collaboration with Mythical Games, a developer specialising in blockchain games.

  • The game promotes digital ownership, with players collected and owned by gamers who can trade them or upgrade them over time.

πŸ•΅οΈ Scoops take:

A major touchdown for both football fans and the NFT community! NFL Rivals brings together the excitement of America's favorite sport with the cutting-edge world of blockchain and digital collectibles. Running on Polkadot, we can expect smoother and faster transactions and overall pretty solid game experience.

This fusion of sports and technology showcases the potential of NFTs to connect people across different interests, bridging the gap between the physical and digital worlds. Being mobile-based is also a big win in our eyes - it's on ios and Android, so the barrier to entry is super low - people will soon be playing Web3 games without even realising.... πŸ‘€πŸ•ΉοΈπŸˆ

At a glance πŸ”Ž

  • Decentralised Web3 social media protocol LENS is designed to improve the user experience on decentralized social media platforms.

  • Their new Layer 3 solution 'Momoka' allows them to handle transaction data off-chain making functionality way faster, more efficient, and ultimately now, scalable.

  • LENS aims to make web3 social media more appealing and user-friendly, bridging the gap between traditional and decentralized social media experiences.

πŸ•΅οΈ Scoops take:

Scaling decentralised social media is no easy task, however, Momoka looks like a pretty major breakthrough. Their aim of interoperability between social apps certainly poses a ton of value - one @handle to rule them all! The ability to share all followers and content seamlessly across all your social platforms - pretty neat right? This scaling solution is a huge step in the right direction and a delightful reminder that the world of web3 is continuously evolving, breaking barriers, and working towards a more user-friendly and connected digital space.

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πŸͺ™ CRYPTO CRUNCH

  • Global Cryptocurrency $1.12T Trillion - 24/hour change +0.92%

  • Volume Traded 24/hours - $35.75 Billion +34.26%

  • Just a few days the market was spooked, due to a rumor circulating that Mt.Gox Wallets & US government addresses were dumping Bitcoin. This caused Bitcoin to spiral in price and ALT coins were dumped with it. But this was in fact a rumor & price quickly rebounded back. As they say. Welcome to Crypto.

  • As long as Bitcoin holds the $28,500 mark we should see $30K again, then $32K quickly.

Top Stories

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😑 THE REKT SECTION 😑

Apple - WELCOME TO REKT

A United States federal appeals court has ruled that the tech giants have violated the law by forbidding app developers from using any alternative payment method besides those that Apple owns which creates a 30% fee on most transactions.

You may remember that they blocked Coinbase from rolling out their new app on iOS due to the requirement of the gas fee needing to be paid through Apple's in-app purchase system so they could collect their 30%.

This decision can certainly be seen as a victory for Web3 app developers so let's hope that we see some positive action.

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πŸ† WEEKLY WINNER πŸ†

MadLads took the NFT world by storm over the last 7 days with their massively successful launch.

It was well documented that the mint was delayed 24 hours to weed out the bots and the success of this has now been shared.

The project launched a fake mint to attract the bots leaving the actual project to the community and this decision saw NFT bots lose $250,000.

To their credit, the project refunded the SOL that was spent but this doesn't derive from the successful mission which led to the majority of items being minted by community members.

Their launch has resurrected the Solana space and their addition to the space has been a blessing.

Annd that's a wrap for today gang!

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

~ Scoop~

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*Disclaimer*

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