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

🍦SCOOPS OF THE WEEK

🍦The Otherside Awakens

🍦Jimmy The Monkey Trials to Begin

🍦FTX Update

🍦Pokemon Joins The Court Trend

🍦New NFT Marketplace Arrives

🍦The Otherside Awakens

A new teaser has been released and shows a cinematic feature signaling The Otherside metaverse awakening. We have suggested that The Otherdeeds NFT (Pieces of Land) within the Otherside Metaverse have been a solid long-term NFT purchase and entry point into the Yuga ecosystem since the 1ETH floor range, they now sit at 1.59 ETH floor.

If you don't believe the hype then check the video below & see for yourself. Everything Yuga does is of high quality with no stones left unturned. 

Jimmy The Monkey Trials to Begin

They aren't close to standing still, they are running a marathon at a world-record pace.

Yuga Labs have just confirmed that there is going to be a phased mint for the "Trial of Jimmy the Monkey" in January. 

To keep the suspense of a Netflix award-winning drama, pieces of the narrative will be released along the way with the advice being to pay attention as details may be important down the line.

What do you need to know about Jimmy the Monkey?

• The trial is part of 6 part mysterious mini-series / short movie. 

• This begins the new chapter in the Bored Ape Yacht Club World

• Includes a Multi Week interactive mint experience for BAYC / MAYC Holders.

• The episode includes a knight emerging from a toilet (Yes weird we know)

• The Knight hands a Curtis a mysterious box which contains a key

• The Key ends up in Jimmy the Monkeys stomach

• We recommend watching the first part of the film to understand the rest. 💩

You can keep it with the development of the story here. 

What was released was tiers for the upcoming mint with those involved in the Yuga Labs ecosystem being placed into different sections.

Those holding all 3 BAYC, MAYC and BAKC will be placed into the top tier. It hasn't been confirmed what each tier contains however in what seems an obvious play, the community has taken a gamble on the higher the tier = the higher an award/airdrop so invested heavily into BAKC over the last 24-48 hours.

Before the announcement, you could have picked up a BAKC for 6.2 ETH, however, following it, the floor now sits at 8.49 ETH. Volume is up 300% in the last 7 days totalling 2066 ETH which just goes to show how all collections in the ecosystem continue to be extremely valuable.

It remains that anything to do with Yuga Labs seems to be a safe bet and any of our readers who DYOR following our 5-10 ETH section on the 15th of November regarding the MAYC would have made a cool 5.4 ETH profit over the last month when we felt it was too good to be true at 10ETH. 

Everything Yuga is doing confirms our thesis that they are certainly on track to be one of the world's biggest entertainment companies.

FTX Update

We left you with the cliff-hanger that SBF was no longer contesting his extradition to the U.S. and was preparing to face a jury trial in America. 

It's probably the last time he will be flying private but SBF has been pictured being handed over to the American authorities in cuffs. He won't be in them for all that long though as it has been confirmed he will be released from prison for the time being on a $250m bail and have to live with his parents in California.

Now onto what has been happening on home soil.

It's been announced by the United States Attorney for the Southern District of New York that Caroline Ellison and Gary Wang have pleaded GUILTY to fraud charges. He went on to say that this major development is unlikely to be the last.

And how right he was as it's broken on the 22nd of December that Caroline Ellison is to be offered a plea agreement which consists of $250,000 bail, surrender of travel documents and forfeiture of assets in exchange for waiving of all charges except criminal tax violations so long as she fully co-operates. This of course will need to be approved by a judge.

We are a long way away from any sort of conclusion from this story, our biggest question is how will Amazon fit it all into their 8-part mini-series?

THIS NEWSLETTER WAS BROUGHT TO YOU BY: THE HYHU NETWORK 🎲 

The HyHu Network is a sustainably funded Pay2Play ecosystem and is pushing boundaries in the NFT space! You can buy $HYHU tokens for just a fraction of an ETH (0.007) save them on your account and enter the Prize draws whenever you like 😎

Pokemon Joins The Court Trend

With all these court cases we have to feel sorry for the golf courses with the tee-times abandoned by the Judges.

The latest in the Courtroom is The Pokemon Company International (TCPI) and on the other side is a developer who oddly goes by the name of Pokemon Pty Ltd (PPL). 

The dispute? TCPI has accused PPL of advertising as an NFT-focused game which includes offering users NFTs of characters Pikachu, Bulbasaur and Eevee. It is also alleged that PPL falsely claim to have previously worked on Pokemon games which are yet to be released.

TCPI has gone on to argue that even though a deliberate decision was made to not launch any Pokemon NFTs, the company considered it and decided it was not a path they wanted to go down.

It was decided by the court that PPL have to stop using Pokemon assets in their software, using the name or any characters in advertising.

So a lesson to be taken, even if a company has decided to not release a NFT, you can't just decide to do one for them.

New NFT Marketplace Arrives

It's only a Beta for now, but Kraken has opened its NFT Marketplace. 

If you haven't heard of Kraken, they are one of the world's largest digital asset platforms. 

Their aim with the new marketplace is to create the most seamless and well-thought-out user-friendly marketplace in the space. 

Their main focus areas for the marketplace can be split into four parts:

1 - Zero Gas Fees: Collectors can buy and sell NFTs held on Kraken without incurring gas fees even during peak network activity.

2 - Creator Earnings: A portion of the value of eligible NFTs sold on the marketplace will go back to the original content creator to reward ongoing creativity and invention within the space. 

3- Rarity Ranking: All supported collections will have an accompanying rarity ranking so collectors can better assess how rare an NFT is prior to any bid or offer.

4- 200+ Funding Options: Kraken NFT users can list or offer an NFT in any of the fiat or cryptocurrencies supported on the platform. Currently, NFTs can be traded in 8 fiat currencies and over 200 cryptocurrencies.

🏆SCOOP'S WEEKLY WINNER 

When you go up over 2 ETH in less than 48 hours there can only be one winner. 

You can read the finer details in the opening article of this newsletter but without a doubt the current lowest entry into the Yuga Labs Ecosystem is taking the trophy home this week.

If you can't be bothered scrolling up then here you go:

You could have picked up a BAKC for 6.2 ETH, however, following it, the floor now sits at 8.49 ETH. Volume is up 300% in the last 7 days totalling 2066 ETH which just goes to show how all collections in the ecosystem continue to be extremely valuable.

Their stats over the last 7 days are incredibly impressive so well done to the Bored Ape Kennel Club

THE REKT SECTION 😡

We were massively impressed with this collection initially selling out, after all, it is what all projects dream of.

We did however feel that the collection was somewhat ridiculous, low effort & repetitive and borderline lazy. 

The laziness has led to a mass dump in the last 48 hours with the collection losing 75% of its value.

Donald Trump has been accused of using copyrighted images for the collection which has led to the floor dropping from 0.75 ETH to 0.25 ETH.

This allegation is yet to be proven however there is substantial evidence to show that some of the designs are of Trump's head being edited onto images found on websites of smaller businesses, stock images and even outfits sold on Amazon and Walmart. 

When someone as famous as Trump releases a huge collection, it is always going to face heavy investigation.

For the sheer laziness and evidence of copyright, we have no other choice but to make this REKT.

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.