gm and happy Tuesday,

This week has been a bit wild in the digital collectibles space. From Trump’s mugshot, to Friend.tech’s decline and BitBoy’s exit, we’ve got you covered.

Let’s get into it.

📈📉Biggest Changes in Floor Price (7days)

Digital Collectibles Market Movements: Azuki have proved over and over again that they are the GOAT. This week, the anime project has revealed a BTS of the Azuki x Museum of Mahomes collab. Azuki also announced a community art contest (you could win an Elemental!) and had some huge sales, including Azuki #3153 for 70 ETH! Spirits are high, and so the floor price is rising.

🌚Full Moons - Mugshots and drastic drops

Trump Mugshot Moons His NFTs!

Former President Donald Trump has made a digital comeback on X (formerly Twitter) after months of silence. His reappearance, flaunting a mugshot, sparked a meme frenzy and boosted the value of his NFT collection.

• This NFT surge followed the release of an image linked to his legal case in Georgia, where he faces allegations tied to the 2020 election.

• OpenSea NFT marketplace data shows a 62% jump in his NFT trading card collection's minimum price to $1,654 on August 24.

Trump's online return coincides with his $2.8 million Ethereum wallet revelation and President Biden's digital asset regulations.

Amidst the 2024 election buildup, Trump's digital reentry takes center stage.

(MANGA - Make All NFTs Great Again)

Friend.Tech Down 90% Already??!

Remember the buzz around Friend.tech? Welp, The decentralized social platform that caught attention for its fresh approach is now facing a steep decline.

• Launched on August 11th on Coinbase's 'Base', it aimed to change content monetization with blockchain and social tokens.

• Initially, users could buy 'keys' for private chats and exclusive content, giving creators like Faze Banks and Pussy Riot a new way to engage.

But in just three weeks, its activity and volume dropped nearly 90.5%, raising questions about its future. Regulatory worries and privacy concerns also shook confidence.

As Friend.tech navigates these challenges, it needs to rebuild trust and redefine its path, showing it's not just hype but here for the long run. Is This The Bottom Signal? We Hope Not…

Bitboy Crypto Drops Ben Armstrong - Power Play Or Justice?

In a surprising move, popular crypto influencer Ben Armstrong has been removed from BitBoy Crypto.  

• Parent company Hit Network announced the decision today via Twitter, citing unspecified but serious allegations.

• While details are scarce, the separation appears tied to internal struggles and legal issues, including Armstrong's role in promoting the now-defunct exchange FTX.

• Despite backlash from some supporters, Hit Network CEO TJ Shedd emphasized the move aims to address alleged harm caused to employees and community members.

• Armstrong himself has not yet responded, though a defiant message attributed to him on Twitter suggests he views it as a "mutiny" and power play.

Reactions within the crypto community remain mixed. While some YouTube fans called for his return, Reddit cheered the news.

As Armstrong faces a class action lawsuit, the situation highlights crypto influencers' blurred lines and potential accountability. Though the fallout remains uncertain, the high-profile separation signals an industry facing growing pains.

🔭The Scope

The whole space is a rollercoaster at the moment. While Trump’s mugshot pumped the NFT space for a short while, the drastic fall of Friend.tech showed that perhaps mainstream adoption is further away than we think.

🌓Half Moons

Rapper Earl Sweatshirt and producer The Alchemist's long-rumored album drops unexpectedly on Gala Music, a decentralized NFT-backed streaming platform, redefining music-NFT intersections with enigmatic clues and puzzles for access, showcasing their dedication to innovation.

Coinbase pioneers innovation with Base, its Layer-2 blockchain, addressing blockchain scalability with Optimistic Rollup tech, transforming DeFi, NFTs, and user engagement.

Rarible's bold stance on NFT creator royalties sparks a nearly 585% surge in fiat trading volume within 24 hours, diverging from rivals like OpenSea and emphasizing the industry's evolving paradigm.

🔭The Scope

NFTs are for the artists! From music NFTs, to tokenised user engagement, there are SO many use cases. What’s next for NFTs?

⚪Total Eclipse

Which country has the highest number of NFT owners?

Scroll to the end to find the answer!

💫Shooting Star

This week’s shooting star is Punk Actual

Punk Actual has worked in the music industry for their entire life. They began creating collages during the lock down, just for fun. Each art work is inspired by a song.

This NFT, named ‘Reckless’, is inspired by the song ‘Reckless Tounge’ by Airways.

Meme of the Day