GTA6 Going Play-to-Earn? 🚗

GM. This is the inaugural edition of Degen Scoop. It’s Monday, this is what we’ll be covering today:

• GTA6 Going Play-to-Earn? 🚗

• China Releases Crypto Whitepaper 🇨🇳

• Bitcoin NFTs Went Legit ₿

• Whale Moves 🐋

• Threads You CAN’T Miss 🧵

Rumors Are Swirling About GTA6 Going Play-to-Earn

There have been some leaks suggesting that GTA6 will implement some play-to-earn mechanics in their new game which is expected to release in 2025. When Ubisoft said they were considered implementing NFTs into their games, gamers were having none of it.

This doesn’t seem to have derailed Rockstar just yet. It would be a groundbreaking development if a AAA were to utilize play-to-earn mechanics, although it’s much easier said than done. Creating a sustainable economic system with balanced incentives isn’t easily completed. Rockstar has their work cut out for them.

Beijing Releases Web3 White Paper of Innovation and Development

On Saturday morning, Beijing released a paper that purports to increase the city’s utility of crypto. It is currently known as the “Web3 Innovation and Development White Paper.” The goal is to lay the foundation for Beijing to be a global hub for what they see as an inevitable digital future.

The overall goal of the whitepaper is to improve the overall policy support of cryptocurrency and related initiatives regarding Web3. Should Beijing follow through with this, it could prove to be a boon to the crypto market that remains down from its 2021 highs.

Bitcoin NFTs Received an Official Token Standard (BRC-721)

Bitcoin NFTs have been one of the surprise narratives of the year and have seen some unexpected volume since their introduction. However, up until recently these NFTs didn’t have an official token standard and were simply inscriptions upon sats.

Unironically, this is good for Bitcoin. The chain has been experiencing more usage which generates more fees for miners. Prior to Bitcoin NFTs, chain usage was noticeably lower since BTC is often used as a HODL token with its digital gold narrative.

Here are the notable NFT sales that we saw over the weekend:

If you’re not keeping up with Twitter, you’re missing out on some insanely valuable information. Lucky for you, I spent the time finding the best threads so that you don’t have to.

Meme of the Day

If you think your memes are better, submit them to the newsletter and get featured for your work!

Conclusion

Touch grass, hit the gym, and don’t forget about what’s really important outside of magical internet coins.

Thank you for reading, if you enjoyed this please subscribe if you haven’t already! If you’ve already subscribed, please consider sharing this!

DISCLAIMER: This newsletter does not constitute financial advice. This is strictly educational and should not be used to make any financial decisions. Be responsible and do proper due diligence before aping.