WTF is The World's Largest

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The Triple Scoop
October 03, 2023

The Triple Scoop

GM to the 71 new readers who joined this week. Without further ado. LFG

SCOOPS OF THE WEEK 

⛓️ NFT’s

  • PayPal Update

  • Proof Cuts Back

  • OpenSea Pro Private Sales

  • Milady Legal Dispute Continues

👨‍💻 WEB3

  • Google Partners With Web3 Auth

  • ZTX Introduces Virtual Labour

🪙 CRYPTO

  • Binance faces a lawsuit for claiming they spurred on the FTX collapse

  • FTX customers who lost big are still doubling down on crypto

  • Here is how easy it is to be scammed via Metamask rather than Rabby Wallet

  • What Sam Bankman-Fried will face charges for today

🏆 SCOOP PREMIUM

  • This week, Scoop Premium is open to everyone. Lucky you

⛓️ NFT’s

  • NFT Total Market Cap $4.57B - 24/hour change -3.1%

  • NFT Market Total Volume 24/hour 6.3M -15.18%

    • Sentiment may still look bleak, but we have picked up further than last week, and things are certainly starting to move NFT land.

    • We have seen some good gains across the board, and sure the market cap is down since the highs of last year, but the deadwood is being stripped from the market, and good riddance, allowing strong projects to prosper.

    • BAYC & Yuga saw an uptick, likely as there was a vote to use the treasury to sweep 1000 apes.

    • The Crypto market is starting to bubble and this will no doubt drive liquidity into NFTs. Those who are fading the NFT space now will be back again. Mark our words.

    • Outside of BAYC/Yuga we have witnessed some nice gains in projects, Gutter Cat Gang, JRNY Club, Velocity Pass & Renga Black Box all up above 25% in the last 24 hours.

    • ‘Pons’ - Founder of the Plague Tweeted yesterday, which shares our views around that the NFT market sentiment is bottoming. Why is sentiment so important? because the market is driven by emotion.

    • This is a great sign of market recovery & reversal. Sentiment bottoms then improves, then so does price action.

    Whale Buys

At a glance 🔎 

  • All 435m PayPal users will have access to the platform.

  • Transactions will be processed off-chain.

  • Royalties will be honored.

  • Digital wallets are available but not required.

  • Group purchases will be available.

🕵️ Scoops take:

Now that we have some more details, it’s time to get excited about the plans!

They have the infrastructure and they are now putting that to good use by not over-complicating the NFT process.

This is not guaranteed success, nothing is, but every single decision into how this platform will operate seems to be the right one.

Strap yourselves in.

Proof cuts back - The bear continues to spread havoc.

At a glance 🔎

  • The project announced on Twitter it’s reducing its team.

  • Current market conditions are cited as the reason.

  • The project confirms their financial picture remains strong.

🕵️ Scoops take:

It is hardly a surprise that this decision has needed to be made.

Proof, during the bull, reached highs of 125 ETH and with the floor currently sitting at 3.6 ETH, this is virtually a totally different project.

They now have that bit of extra cash flow that royalties once produced but the upcoming drops may strengthen this further.

At a glance 🔎

  • OpenSea Pro launches private listings for designated wallet addresses.

  • There will be no platform fees.

  • Bundle listings will be available.

🕵️ Scoops take: 

Maybe we have a competition to thank for this one, it’s ensuring no marketplace is sitting still.

This latest update is a welcomed one, despite the potential negatives of money laundering potential.

By having these private sales, it brings a real sense of safety that every single investor wants.

Milady Legal Dispute Continues - The floor tumbles with the bad press.

At a glance 🔎

  • The founders remain locked in a legal battle.

  • A dev was accused of stealing $1m in fees from the team.

  • The floor plunged 40% in September as a result.

🕵️ Scoops take: 

They say there is no such thing as bad press, this might still apply here.

What the 40% plunge has done is bring in the whales to start scooping up the low price offered.

Don’t always jump the gun and assume that bad stories = death of projects.

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🌐 WEB3

Google partner with Web3 Auth - The aim is to ensure smooth transitions to Web3.

At a glance 🔎

  • Existing businesses and applications on Firebase will easily be able to onboard users onto Web3.

  • Web3 capabilities can be merged on both the front end and back end.

  • Users will be provided with a self-custodial Web3 wallet with familiar social log-ins including email and biometric IDs.

🕵️ Scoops take:

There is no doubt that the bridge from Web2 to Web3 is preventing a lot of companies from taking the plunge.

By creating a familiar way of access, users will naturally emigrate without being overloaded with jargon.

If you are going to partner with anyone during a Web3 restructure, try to get Google on board.

At a glance 🔎

  • ZTX’s latest Metaverse ploy will revolutionize the way users engage.

  • Users have the opportunity to collect various materials and harvest resources.

  • The resources can be combined to craft a wide array of items for virtual real estate.

  • Creations can then be sold on secondary markets using NFTs.

    🕵️ Scoops take:

It’s fair to say we have never seen anything like this.

With the Metaverse, there is no limit to how far you can go.

The main takes from this are, enhancing engagement, unleashing creativity and probably most importantly, generating income. It goes to show that the real world and the Metaverse can coincide in an extremely successful way.

🪙 CRYPTO CRUNCH

  • Crypto Total Market Cap $1.09T - 24/hour change -2.48%

  • Total Crypto Volume 24 hours - $41.12B - Change +13%

  • It was a bullish start to the illusive ‘Uptober’ with Bitcoin pushing up to $28K and dragging the market up with it. It has since had a slight retrace, once again, Crypto Twitter is divided over which way the market will go in the short term.

  • However, right now, whether we retrace or not, now is the time to get your portfolio in a row and set ready for lift-off. You do not want to be scrambling as the market begins to rally.

  • So if you haven’t already, get allocated in order to secure the most upside.

  • 9 ETH ETF futures launched onto the market yesterday, a bullish move, but the trading volume on these products was pretty lackluster with just $2M in volume in total.

  • Overall we are majorly bullish on the next 12-24 months.

    Crypto narratives to focus on this Fall

  • - AI Tokens

  • - Social-Fi /Gambefi

  • - Telegram trading Bot tokens

  • - Trading tool platform tokens

  • - Revenue Sharing projects

  • - Liquid Staking derivative projects

  • - Metaverse & gaming tokens

  • - RWA - Real-World Asset tokens

Top Stories

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😡 THE REKT SECTION 😡

Another rug has smeared itself on the space.

Click here for the details.

Be safe out there!

🏆 WEEKLY WINNER 🏆

Trevor Jones

The popular crypto artist from Scotland raised funds at a charity exhibition in Edinburgh and an auction at an annual Web3 castle party near Paris.

The total amount raised was just short of $140,000 and the proceeds have been donated to charity to support cancer treatment.

The beneficiaries have said this sum is the highest single donation from an art event recorded in the center’s 27-year history.

A wonderful gesture and a well-worthy Weekly Winner.

Welcome to the exclusive Member-only section of Triple Scoop 

This week, Premium is free for the whole Scoop family! Get a taste of what you could be receiving twice a week. It costs less than a tub of ice cream. Plus if you like it, you can get a 2-week free trial

Feast your eyes on the delights, surprises & Alpha below.

⛓️ NFTS

Project - The World’s Largest

Wen Dropping - Today

Scoop’s take

We discussed The World’s Largest a few editions ago, but here is a reminder that the first drop of this innovative project is happening today! The drop is available for 24 hours & only costs $1, you literally have Zero excuse to miss this one!

Wen Dropping - Soon

Scoop’s take

Bunny Girl Capital may just have all the ingredients to be the next NFT PFP collection that pops, timing is everything, & with a near-market bottom, this could interesting. Bunny Girl Capital is set to unleash its unique PFP collection very soon, it’s a project that is built on the crypto culture & promises a flow of memes, and cultured & untapped entertainment.

Lucky for you degen, they are accepting applications for whitelist, you can apply here. Secondly, If you're holding onto their Bammers collection, then you are guaranteed whitelist with Bammers at just 0.02ETH, this could be a nice pickup to guarantee entry.

Bunny Girl Capital wants to redefine the NFT experience, things may seem a little chaotic right now, but they're in the process of a brand revamp, finalizing the new pfps, and planning their very first party. They're asking for a little patience, and after all, as they put it, "Please be patient, I have autism." - signed, Hentai Avenger.

The Bunny Girl Capital is definitely making waves there's a palpable anticipation in the air. With insider info pointing to a PFP mint soon, excitement is building.

For some context, Bunny Girl Capital traces its roots back to the Milady Maker community. Remember the unique schizo-core branding that made Milady Maker a legend? Bunny Girl Capital is tapping into that same spirit.

But why should you be excited? Expect a blend of social art, offbeat humor, and a culture reminiscent of the Milady community. This isn't just about NFTs; it's about shitposting with your fellow on-chain degens. This type of vibe just hits the sweet spot with Crypto & NFT Twitter, We don’t make the rules.

While there's a track record of CT-inspired on-chain memes, not every project hits the mark. Bunny Girl Capital, though, may have what it takes. We're still in the dark about price and supply, but one thing's for sure the journey is going to be interesting.

🪙 CRYPTO

Wen Dropping - ??

Cost -?

Scoop’s take

This project is launching in stealth & not much info is available at the moment, But we have heard from good sources that this is something to have on your radar, especially if you already do or would like to trade low-cap degen coins. It seems obvious that this is a tool of some sort in order to improve your trading experience & make it easier to maximize profits. It is currently in Beta mode, where a select few have been chosen to test the product.

For now, all we can say is give them a follow & have your bell notifications on. It is one we will be watching closely for sure.

Project - $KIZUNA

Contract address - 0x470c8950C0c3aA4B09654bC73b004615119A44b5

Where to buy - Uniswap

Marketcap - $3.2M

Risk - 8/10

Scoop’s take

$KIZUNA is a very risky play, it’s nearly brand new & sits at a low market cap. That being said, we wanted to put it on your radar as it is a first mover in its category, and could perform well if it maintains traction.

Remember when the token $TURBO that went parabolic because AI created it’s name? Well $KIZUNA has taken it a step further as the first token to be actually created by decentralized AI. This was made possible using Bittensor & feeding the AI ‘The Ryoshi Principles’

Again, we reiterate very high risk, it has recently burst in price, so if you are interested, study the chart & wait for a suitable opportunity. Never buy into green pumps anon.

Project - $PAAL

Contract address - 0x14feE680690900BA0ccCfC76AD70Fd1b95D10e16

Where to buy - Uniswap

Marketcap - $11.5M

Risk - 7/10

Scoop’s take

It’s widely believed we will see another huge AI narrative run in the upcoming bull cycle. This token hits 2 narratives AI and Bots. There are some huge players in the game already, but we are in the business of finding gems, gems that can do multiples.

Welcome to PAAL AI

$PAAL token fuels an innovative AI ecosystem that allows projects to effortlessly create and deploy multiple AI bots across platforms like Discord and Telegram, helping to support & improve the community experience. The best part? It's free.

These AI bots aren't your average schmucks, they're equipped to dive into research, analyze projects, and then execute trades on your behalf.

$PAAL’s ecosystem growing recently received a game-changing $200,000 development grant from none other than Google. This vote of confidence speaks volumes about the project's potential.

The project also includes a revenue-sharing mechanism, giving back over $250,000 to its stakers. The team has already made big strides in striking partnerships which include Gecko terminal & Ator protocol, these collaborations are poised to fuel their growth, awareness, and revenue-sharing initiatives.

On top of being able to deploy AI bots, there is another element to the project. AutoPaal-X is a trading tool that combines lightning-fast trading capabilities with advanced features.

A number of KOLs have started to notice $PAAL, but still, the project is early stages and largely undiscovered by the masses.

We are bullish on the future of this one.

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*Disclaimer*

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