THE TRIPLE SCOOP
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Yuga Labs Take Over

Yuga Labs Take Over

Win a 'Grail' NFT worth $160k

The NFT Scoop
March 28, 2023

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

GM Scoop Family. Let's dive in.

🍦 SCOOPS OF THE WEEK 🍦

⛓️ NFT’s

Gucci Partners With Yuga Labs
Burnt Punk Resurrected
Yuga Drops 'Legends of the Mara'

👨‍💻 WEB3

Ticketmaster Debuts NFT-Gated Ticket Sales
Disney Lays off Metaverse team
Hundrx Launches to make Twitter 'Web3'

🪙 CRYPTO

'CZ' Binance CEO Fights back
Chip Manufacturer 'Nvidia' Slams Crypto
Hong Kong Opens It's Doors to Crypto

🔦 PROJECT SPOTLIGHT

Forgeries Noun 401

So this project is a very cool concept and someone is gonna win BIG. But who?

Let's break it down.

Forgeries: ALL of them are FAKE except ONE.

If you are familiar with the NFT project 'Nouns' you should know they are pretty special. If you don't know them, get to know them.

Forgeries is the first release from Omega a new protocol on Ethereum. The team has taken the REAL Noun 401 NFT(worth Ξ 95) and mixed it at random into an open collection of exact forgeries, in other words, copies. Hence the phrase, all of them are FAKE except one.

Minting a Forgeries NFT gives one individual the chance to withdraw the REAL Nouns 401 NFT, worth a whopping ($160,000). Best of all, everything is done in a fair, transparent, and verifiably random way thanks to their Chainlink VRF integration!

Still, Confused? Don't worry the Scoop's got ya. Check out the explainer vid below.

So what does it cost to take part?

Presale: Ξ 0.069 (allowlist)

Public sale: Ξ 0.08 (everyone)

If you fancy your chances of minting a 'Grail' you can do so by following the link below & register for the Presale.

Register for the Forgeries Presale

⛓️ NFT’s

NFT Total Market Cap - $21.99B - 7 day change -1.12%
Volume Traded Prev 7 Days - $295.2M -31.44%

Despite major announcements from Major brands throughout the space the NFT market continues to bleed out.
PFP's remain the largest category of total market cap.
Bitcoin Ordinals Inscriptions show no sign of slowing - With 624,000 total Inscriptions
We expect to see Web3 gaming to thrive & NFT gaming assets to grow in popularity
Market Outlier - Otherdeeds rally 30% on the news of 'Legends of the Mara'

🍦 GUCCI PARTNERS WITH YUGA LABS🍦

At a glance 🔎

The Partnership has the aim of bringing luxury digital fashion to the Metaverse.
The multiyear partnership includes a collaboration with Otherside & 10KTF.
The two have previously teamed up on the Gucci Grail collection.

🕵️ Scoops take:

"Gucci Gang, Yuga Gang, Gucci Gang, Yuga Gang"

If you want to take a long-term successful step into the Metaverse, teaming up with Yuga Labs is probably the best way. With two of the most significant forces in their industries joining together, they can become the benchmark for Web2 to Web3 integration. We have seen the successes of fashion brands dipping into the space in the form of Louis Vuitton and Prada so we have no doubts this partnership will lead to something huge. The Otherside 2 demo took place on Saturday and seemed to be a huge hit.

🍦BURNT PUNK RESSURECTED🍦

At a glance 🔎

On Friday, Brandon Riley accidentally burnt his CryptoPunk trying to get an NFT Loan
The value of the NFT was worth roughly $129,000
Olliesblog inscribed the burnt Punk onto Ordinals resurrecting the NFT onto the Bitcoin blockchain.

🕵️ Scoops take:

Even though this story does have a happy ending, this is not always the case. From when the Punk was burned on Friday until earlier on Monday 27th March, the NFT was as good as gone as far as Riley was concerned. He has shared how it happened so the community can take lessons on how it happened which you can view here. This story shows both the beauty and beast of self-custody. We have to say, the last thing we would be doing, if we made the mistake, was going straight to Twitter, you'd find us hiding in a dark room for about a week.

🍦YUGA DROP 'LEGENDS OF THE MARA'

At a glance 🔎

Legends of the Mara is a 2D strategy game that explores the deep lore of the Otherside & the Maras
Each Otherdeed holder will be able to claim a 'Vessel' which will evolve into 'Maras'
Otherdeed NFTs which contain Koda's will decouple.
The claim & decoupling will begin soon & the game will begin in May.
The Floor price of 'Otherdeeds' has rocketed up to 1.7ETH following announcement.

🕵️ Scoops take:

Well, Yuga, you have done it again, you've created mystery, hype & anticipation & the punters have come flooding in. But jokes aside, you continue to impress us & the NFT world at large. We expect this game will be different from 'Dookey Dash', and more akin to Farmville.

The Yuga roots are spreading deep through the NFT space, building worlds & penetrating Web2 through strategic brand collaboration. Currently, there is a chasm in the NFT space, I mean there is Yuga.. & there is everyone else. Time and time again, they have the ability to steal the show. I mean Gucci & Legends of the Mara in one week?!

To top it all off, the quality & depth of their ecosystem gets better & better over time. check out the 'Legends Of The Mara' website here. It's super impressive. They are definitely gonna create a movie one day.

You know what's coming... Don't fade Yuga.

Introducing Legends of the Mara, a 2D experience with its own companion collection. Claim your Vessel, discover its potential, and forge your path.
Otherdeeds with a Koda will be able to decouple in advance of the game launch.
Step into lotm.otherside.xyz and the 🧵 below
— Othersidemeta (@OthersideMeta)
10:29 PM • Mar 27, 2023

🧵Thread of the Week

Awesome thread from @waleswoosh on the biggest risks & opportunities within Y00ts migration over to Polygon.

Y00ts will bridge to Polygon tomorrow:
Here are the biggest risks and opportunities 🧵👇
(1/26)
— wale.swoosh 🐳 (@waleswoosh)
11:15 AM • Mar 26, 2023

🌐 WEB3

🍦TICKETMASTER DEBUTS NFT TOKEN GATED SALES

At a glance 🔎

The ticketing website is offering NFT token-gated options for exclusive ticket access
They have developed the feature for metal band, Avenged Sevenfold
Owners of 10,000 Deathbats Club NFT were offered early access to buy concert tickets.

🕵️ Scoops take:

The music industry's transition to Web3 is arguably one of the easiest, especially in relation to ticketing anyway. Ticketmaster is leading the way so far having minted almost 15 million digital collectibles tied to events. What is exciting about this news is that any artist with their own NFT collection can access the token-gating feature. The benefits of this are huge as not only will thousands of people be onboarded to the space, but interestingly we may floor prices rise in line with concerts being announced.

🍦 DISNEY LAYS OFF METAVERSE TEAM

At a glance 🔎

Disney has let 50 staff go from the metaverse team
This is part of a wider company wide lay off of 7000 staff in attempt to control cost.
October 2021 - Citi released a report stating Disney was expected to be one of the largest beneficiaries of NFTs.

🕵️ Scoops take:

It was only in September 2022 that Disney laid out plans to hire a Chief of Counsel for NFTs & Defi, but it looks like the entertainment giant is flipping-flopping its views on the Metaverse faster than Donald Ducks' temperament. But TBH in reference to the 'Citi report' above, we agree with them, Disney is home to the richest IP & cultural significance across the globe. Their potential to capitalize on Web3 is endless, and from Scoop's perspective, it's a poor move if they choose to abandon the project completely.

They will be back. Market our words.

🍦 HUNDRX LAUNCHES TO MAKE TWITTER 'WEB3'

At a glance 🔎

Chrome Extension Hundrx will seamlessly integrate into Twitter in just a few clicks.
Hundrx will allow every Twitter profile to become a valuable tradable asset using Social tokens, and allow users to monetize their 'Social Capital'
Issuance of Hundrx social tokens will be decided by followers, not by the account or 'Influencer'.
Hundrx launched on the 27th of March on Product Hunt, where Web3 enthusiasts can be some of the first to try it out.

🕵️ Scoops take:

Are Hundrx one step ahead of Elon himself?

We are in an attention economy and the wheels in motion are certainly in place for those wishing to monetize their Twitter accounts. On the face of it, Hundrx seems a pretty innovative product. You can use your non-custodial wallet to manage assets, create 'hashtag' funding campaigns & distribute cryptocurrency to followers. Oh and one more thing, Hundrx claims to solve the Bot issue which plagues Twitter by shifting how social capital is perceived.

The success of Hundrx will come down to one thing. Adoption & network efforts. These factors will be needed to create a true social token economy through Twitter.

Ultimately, we love to see it. New Web3 innovation continues to thrive regardless of the market sentiment.

🍦 XIRCUS TO MAKE DAPPS GO MAINSTREAM

At a glance 🔎

Think of a DApp an an App as you know today but.. It's Decentralized.
Xircus Web3 Protocol is a fully functional No-code / Low-code Web3 Decentralized App Deployer.
Their platform will make the launching & building process of DApps quicker, easier & more cost-effective for Web3 enthusiasts, developers & entrepreneurs
Xircus has the potential to help Web3 & DApps go mainstream with its support for Global cross-border payments in over 80 Countries including Apple Pay, Credit cards & local bank transfers.

🕵️ Scoops take:

If you're looking to launch a website, product, or App in the normie world, there is an abundance of choice at your fingertips to help you launch the next fad health product in under 60 mins. It's so easy in fact, that 250K new websites launch every day. But when it comes to launching the Web3 Sleep to Earn App (Yup they exist) things get a bit more tricky. I mean where do you start?

But with Xircus, We are witnessing the rise of low-cost, effective, no-code platforms for Web3, ultimately lowering the barrier to entry for Web3 enthusiasts & entrepreneurs to launch quality products & accelerate adoption.

🪙 CRYPTO CRUNCH

Global Cryptocurrency $1.13 Trillion - 24/hour change -3.25%
Volume Traded 24/hours - $44.56 Billion +36.4%

Despite the Market 'FUD' around Binance we are still in Greed Mode.
This is certainly a reflection of market maturity.
We expect to be range around the $25k-28k areas before breaking past the Psychologcal $30K barrier.

Top Headlines

😡 THE REKT SECTION 😡

An important lesson in life is only to invest what you can afford to lose. It's a handy motto and will ensure you aren't reckless.

One user didn't get the memo as he shared a story with the Twitter community.

The story went as follows: "I was seduced by an NFT project in 2021 and sold my wedding ring without telling my wife to go all in. The project collapsed and I lost everything. I confessed to her parents who bought me the ring back in secret"

Don't be this person.