OpenSea's New Anti-Fraud System

Welcome to The Drop NFT Newsletter. Breaking NFT news, project breakdowns, & artist spotlights - We do the heavy lifting so you don't have to! Join our Discord to win raffles and allow list spots!

This newsletter is sponsored by VCX, Invest inground-floor, highly sought-after Crypto and Startups 6-12 months ahead of public offerings, giving you a head start to succeed. Get a seat at the table by filling out this form HERE or joining the Discord.

gm, HAPPY HALLOWEEN 🎃

• Art Gobblers has the entire space buzzing after not only minting out but flying to a 15 ETH floor, having over 7,222 ETH in volume, 66% unique ownership - ALL IN A SINGLE DAY.

• Yesterday marks the 14th year since Satoshi Nakamoto's Bitcoin white paper was released.

• Last Friday Kooks by Terry Urban sold out and today a 1/1 piece sold for 4.69 ETH (@kooksbyterry)

• Twitter is testing NFT Tweet Tiles. Links from Rarible, Magic Eden, Dapper Labs and Jump marketplace will now show you a larger picture of the NFT alongside details like the title and creator. (@themetav3rse)

• Visa continues on its branching path into the metaverse, filing various trademarks for wallets, NFTs, and crypto management. (@KondoudisLaw)

• A Metaverse shopping mall born in Mexico is bringing fashion brands like Victoria's Secret and Momiji to virtual shoppers and is open today. (FT)

• Ethereum merged just about a month ago, and since then the price has risen, and supply has decreased. Things are looking up for ETH. (US)

• Competitive cycling and other sports are coming to the metaverse, fully backed by Warner Bros. Discovery Sports, and pushed by Infinite Reality. (ST)

• Gamestops' NFT marketplace just went live on the blockchain platform ImmutableX, a partnership that has been months in the making. (CD)

• Powered by Raindrops, The Pours NFT is set to be the first mass IRL PFP mint that will be happening at Breakpoint in Lisbon. (@Thepoursnft)

• Meta Tattoo Club announced a royalty tool it developed with Defi District that checks any hash list on the blockchain every 10 secs. It places NFTs that evaded royalties on a list. (@MetaTattooClub)

Easy Elves Airdrop & More 🪄

In the early hours of Wednesday, Easy Elves airdropped WL tokens to holders of 2 staked Elves in increments. This is the first of their reward mechanism which is aimed at providing elevated utility and immersion into the world of Sindaria (Folklore). The airdropped when revealed consisted of four wands; Eldar, Ice, Bionic, and Forest. Each wand varies in rarity from the other and also exudes real-life (IRL) utilities to enrich each Elvish experience.

As stated by the team, all wands will have the same multiplier standard despite acting as the native token’s ($EZY) multiplier. They have a major role when it comes to enhancing combat ability in Sindarian lore. Wands will also provide holders with exclusive WL opportunities and access to future mints and rewards.

In addition to the airdrop, Easy Elves highlighted in the Twitter thread about launching their Raid2Earn program to capitalize on the launch and gain added exposure. Another major announcement was the STERILIS launch- The Elvis Murder Mechanic, the first Solana gamified system which provides a general outlet of fun for both the Solana and Easy communities.

Presenting Sponsor: VCX

Invest inground-floor, highly sought-after Crypto and Startups 6-12 months ahead of public offerings, giving you a head start to succeed.

Venture Capital X gives their holders access to invest up to $10k USD in pre-ICO, IDO, and pre-IPO opportunities at the same valuations as VCs and Angels. This is all done through their 7 partnered VC firms which have collectively raised over $4 Billion.

Venture Capital X has a doxxed team and is advised by Ryan Carson, the former COO of proof.xyz and Moonbirds. Through their strong team and network, they are able to source the highest quality deals for their holders and provide valuable insight and education on investing in the private world.

VCX’s main goal is to help democratize private investing through the use of an NFT membership card. They are minting on November 3rd and have their first company/project deals signed and ready to go within the first week after mint.

🚨 Important Links: Discord, Application

OpenSea Copymint Detection 🔒

OpenSea has been helping us to navigate the often wild seas of an emerging NFT art space. The image of an open and vast sea filled with trade and new-found delights is incomplete without a black flag raised above a boat with a skull illustration at its center. Where there is sought after for original work there is a network of people duplicating it and selling it as the original work. For all of an NFTs ability to prove ownership, this is an attribute of it only after acquiring it and not before. In other words, buyers will always be prone to copies unless a marketplace is actively vetting for the legitimacy of the works it's hosting. That is where OpenSea’s new copy mint detection system comes into play.

Using an automated detection model, OpenSea will be actively scanning through all previously uploaded work to weed out copies. In addition, the model will be performing the same function in real-time detecting newly uploaded copies within seconds and removing them immediately. While this system is designed to make sure that copymints don’t make their way into unsuspecting buyers’ wallets, it is also designed to make sure that genuine remixes can flourish. The copymint detection system will scan for all permutations of verified projects, and after it flags something there will still be a human eye involved to make sure that the system is performing appropriately.

For those interested, this is the current trending list on OpenSea. As you can see Art Gobblers has claimed #1 and second place isn't even close.

Degen Sweepers Name Change

The Urkann-led project formerly known as Degen Sweepers over the weekend announced to its holders and the public that the collection has parted ways with the old name “Degen Sweepers” and has rebranded to a new name-Degens.

Although the rebranding has been in the project’s plan since its minting days, turning the page on the past and taking the brand to another level are the two goals that saw them rebranding from Degen Sweepers to Degens. Moreso, their wish in changing their name in terms of branding is to shorten the name to be more impactful, simple, and even more obvious. “This radical change now helps us set the stage for what is to come. Professionalizing the brand with more minimalist designs while trying to keep a light Degen feel” the project tweeted.

Also in the Twitter thread, the project commends its community for sticking with them during the hardships and expresses gratitude and pride for making out of it altogether. Degens seemed to have received the announcement well and are in good spirits as they came up on the ‘Degens, the rebirth’ Twitter spaces held yesterday to share their thoughts and reviews about the new identity of their project.

Sponsored Content: VCX is the presenting sponsor for this newsletter.

• Kooks By Terry Urban SELLS OUT

• Twitter's Crypto Wallet

• Apple Hates Web3

• Reddit Avatar NFTs Soar

• R Planet Genesis Breakdown

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Disclaimer: The Drop DOES NOT provide financial advice. All content is for informational purposes only. The Drop is not a registered investment, legal, or tax advisor or a broker/dealer. Trading any crypto-related asset is extremely risky and could result in significant capital losses.

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Gannon Breslin, CryptoVonDoom, Naveed Lalani, Alex Reed, Naman Patel, Big Tuna

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