Research Summary
The article discusses various developments in the world of web3, NFTs, and the metaverse. The author highlights the recent activities of several companies and projects in the space, including Pudgy Penguins, STEPN, Mercedes-Benz NXT, and more. The article also covers the recent Sotheby’s auction of seized 3AC assets, which netted $2.5M and led to a surge in art NFT sales. The author also mentions the ongoing Ripple / SEC lawsuit, Binance’s dispute with Reuters, and other industry news.
Actionable Insights
- Monitor the NFT market: The recent Sotheby’s auction and the activities of Pudgy Penguins and Mercedes-Benz NXT indicate that the NFT market is active and evolving. Stakeholders should keep an eye on these developments.
- Understand the legal landscape: The ongoing Ripple / SEC lawsuit and Binance’s dispute with Reuters highlight the importance of understanding the legal and regulatory landscape in the crypto space.
- Explore new developments: The activities of companies like STEPN and Mercedes-Benz NXT, which are integrating NFTs and blockchain technology into their offerings, show that there are new and innovative ways to leverage these technologies.
