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- What are Y00ts? + How did DigiDaigaku pull a 50X in this market?
What are Y00ts? + How did DigiDaigaku pull a 50X in this market?
Scoops of the Week 🍦
🍦 State of market + projects launching!
🍦NFT Transaction Volume Fails to Hit $1bn
🍦Eminem and Snoop Dogg Enter the Otherside at VMA’s
🍦Domain Service set to lose Web Address
🍦Is a Bored Ape Social Media Platform On The Way?
State of the Market ⚡
We will get the rough part out of the way. The social sentiment is cold! The market & community is crying out for the next wave of NFTs. We have said for a while there is only so long the market can pump out PFPs time & time again. People want change, utility & innovation. Never fear, there are a few projects coming that may be doing just that.
That being said. We would like to let you know, that the sentiment may be down, but the scoop readership continues to grow day on day, week on week! In fact, we hit All time high daily! Super grateful for all of you here. The larger our audience, the better we can reward you with partnerships down the line.
With regards to some of the projects that have pumped up in the last 7 days
BAYC - Rallied up 11%
Otherdeeds Rallied up 19%
MAYC - Railied up 19%
Azuki - Rallied up 38%!
The Blue-chip index is up over the last 7 days in ETH value but has dropped when we value the market in dollar value. What do you value more? We know our answer. It Rhymes with ‘Teeth’ or ‘beth’ for your weirdos out there.
ETH has seen a pullback over the last 6 days. Has the initial merge hype died down? Perhaps.. for now. In our humble opinion, the merge is the single most significant event to happen in the whole of crypto, the asset becomes deflationary & 99% more energy efficient making it ESG compliant. Remember in turbulent times it’s a marathon, not a sprint. Patience. It’s long-term bullish.
What is Dropping Soon 💧
Sneaks of Nature - Minting 31st August 2pm UK
\NFT Scoop has followed the story & Ikonick, Metarelics & Sneaks of Nature for some time, and has got to know both the project & team well over previous months. We can confidently say the work that has gone into building out this web3 ecosystem is epic. Sneaks of Nature, a collection of 3333 creatures that are minting on the 31st of August & is the brainchild of Jeff Cole world-renowned artist
The team has ambitions to grow the ecosystem into a globally recognized franchise with the community benefitting from its growth & success.
Why are they different and why do we love them?
The team behind sneaks is building a compelling web3 brand through storytelling, crafting a strong connection with their community & fan base, which will only strengthen as the story unfolds. Something we need more of in the NFT space.
Event to Attend Today!
Make sure you set your reminders and attend the Twitter spaces hosted by Fr0ntier X with Sneaks of Nature to get to know the team & history of the project.
Time & date: 30th August 5.30pm UK
If you have been a reader of NFT Scoop for a while you will know we have been a long-term fan of Hybrid Humans.
The team is set disruption a multi-billion dollar Pay to Play Raffle Industry and bring it into Web3. Pay-to-play raffles are a wildly successful business; The HyHu team has adopted a tried & tested business model without reinventing the wheel, which will allow members the chance of winning blue chip NFTs for less than the cost of gas.
Why are they different & why do we love them?
The HyHu Network & Hybrid Humans genesis collection leads with a utility-first approach. By owning a piece from the genesis collection one of the core utilities you can benefit from is Free to enter Blue Chip NFT raffles. Having already delivered a tonne of value to their community ‘Premint’ we look forward to seeing what they deliver to the community in due course following their launch.
Y00ts by Degods - Minting 2nd of September - Solana
We are building Y00topia together
Now over to the Solana Ecosystem. It’s no secret that Degods is widely considered one of the most successful Bluechips NFTs within the Solana ecosystem. The team behind the Degods is soon to launch Y00ts, a new PFP collection with customizable traits designed by the community & talented artists. The team is setting the foundations for… in their own words. “The greatest PFP of all time” which will change the way NFT IP is managed & also allow for major lifestyle brands to eventually collaborate with the project/trait design.
You can read the Y paper here! - It’s worth diving in!
But how can you get a Y00t?
Well after they launch, you can pick one up on the secondary market. Other than that the project has been challenging for members to apply & state why they should be awarded Y00tlist, asking questions such as what are you looking to achieve in web3? And what would you need help with to get there?
All in all the previews of the art look top notch and we are certain this project will be hit.
All 3 projects mentioned above that are soon to launch all have one thing in common.. They offer Innovation, Utility & a Point of difference. We love to see it.
WHATS DROPPED? 💧
Digidaigaku minted for free just 17 days ago, and what we have witnessed is an absolute eruption in Floor price. Yes, generational wealth has been made once again for those paying attention.
We can probably point this heroic rally over to the fact that Limit Break, a company founded by world-famous game designers Gabriel Leydon and Halbert Nakagawa announced their raise of a whopping $200M in funding.
Following the announcement, the DigiDaigaku collection mooned to a floor price of 15ETH on the news!
Is the new Meta going to be minting VC-backed collections? Will Digidaigaku spark an NFT bull run?! Time will tell. We can only pray..
NFT Transaction Volume Fails to Hit $1bn
We all know that we are in a bear market, but this does not necessarily mean it’s bad for investors, opportunities for low entry points present themselves along with a dip in ETH, win-win for the bull, right?
Well, July’s figures show that even with the presented opportunities this was not enough to take transaction volume to $1bn for July falling just short at $900m which makes July the lowest traded month in terms of volume since June 2021.
What’s interesting to note is that Yuga Labs “big 4” in Bored Ape, Crypto Punks, Mutant Ape, and Otherdeed accounted for over $160m of the $900m total so around 20% of the entire NFT Market.
Of Course, it is well documented that we are entering a period of recession as well as a global cost of living issue, but we encourage our readers to still remain as active as they can be in these troubling times. Just like the bull, the bear doesn’t last forever.
Eminem and Snoop Dogg Enter the Otherside at VMA’s
Eminem and Snoop Dogg are no strangers to our world, we all remember their performance of “From The D 2 The LBC” at Ape Fest.
At this years VMA’s Eminem and Snoop hopped right back on the ‘Meta’ stage suited up Bored Ape Yacht Club style and went into the Otherside to perform the track.
It was not a surprise to see what we witnessed at Ape Fest, after all, it’s pretty much part of the program, however, seeing this performance at the VMA’s is another massive global platform being brilliantly utilized.
We’ve had the Superbowl and now VMA’s….. when are the Oscars?
If you want to see the Performance, check it out here.
🍦Is a Bored Ape Social Media Platform On The Way?
Every week we seem to have included some form of warning about hacks, theft and other terrible instances that investors have had to endure.
Well, are Bored Ape about to rectify as many of the above issues as they can by releasing official links away from 3rd Parties in the form of their own Social Media Platform.
The idea about the reality and practicality of this was shared on Instagram with a main highlight being Wallet logins on the admin side meaning only those with pre approved wallets can make announcements which means its virtually unhackable as web3 wallets can’t be brute-forced.
We are all sick and tired of thefts and hacks, so if this is the way forward in Web3 we are all behind it. After all, what use is Web3 if it’s using Web2 security?
Scoop’s Weekly Winner 🏆
It’s not often anything celebrity-related makes it to this section, ….sometimes you need to hold your hand up and say well done.
This week’s winner is Aitch…. who’s album becomes the first NFT project to enter the UK Official Albums Chart coming in at number 2.
Fans of Manchester-based rapper fans can choose a unique NFT collectible artwork with a physical copy of the album.
We have previously highlighted the adoption the music industry is taking with NFTs, especially in ticketing format. It will be interesting to see how future utilities will be provided in NFT form by artists
REKT SECTION 😡
When the floor goes below mint….pre-reveal that can only mean one thing…..REKT
EZU, welcome to the section.
Sister project to the famous Psychedelics Anonymous this project launched this week. Their bio is as follows:
“EZU is an NFT collection powering the research and development of a Wear2Earn lifestyle application.
With EZU-enabled clothing, brands will be able to compensate their customers with a combination of exclusive rewards.
Based on the current product roadmap detailed on the EZU website, EZU NFT holders will receive an increased fungible token multiplier, governance access to the EZU app, exclusive access to NFTs physical drops by Wear2Earn enabled brands, discounts on Wear2Earn enabled products, access to all additional collection activities including free mental health services by a third party, events, access to physical product activations and more.”
As you could imagine there was a lot of hype with this one, with an investor paying 0.5 ETH just for a WL spot…. pressure!
Well the mint took place at the price at 0.2 ETH and unfortunately it did not go to plan with only 49% being minted by the time EZU decided to close…uh oh
So what about all the leftovers… well EZU decided to take a snapshot with holders in the snapshot receiving an airdrop of 1 EZU for every EZU they hold. The remaining tokens will be airdropped for the @psychedelic_nft holders who hold the correct components.
The PA ecosystem is one of the best in the industry, a thriving community with a team of builders + a charismatic leader. But with the floor currently sitting at 0.1 ETH it’s safe to say the EZU launch hasn’t been a successful one.
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.
We would love to get to know you and maybe grab a sundae one day 🍨🍨