Research Summary
The article provides a comprehensive overview of the latest trends and developments in the crypto and NFT space. It discusses the integration of AI into platforms and the preparation to handle crypto payments in-app. It also highlights the launch of in-game NFTs by Ubisoft and the development of wallet messaging solutions, such as the encrypted in-wallet messaging enabled by Coinbase. The article also discusses the controversial launch of Worldcoin, the rise of hamster races and the underlying cryptocurrency, $HAMS, and the introduction of ‘gm-to-Earn’ by LooksRare. It also mentions the launch of ‘Made by Apes,’ by Yuga Labs and the drop in VC investments in web3. Lastly, it highlights the launch of AI-driven singles from artists around the globe by Mastercard’s web3 artist accelerator music program.
Actionable Insights
- AI Integration: Platforms are integrating AI and preparing to handle crypto payments in-app, but security concerns persist.
- In-Game NFTs: Ubisoft’s launch of in-game NFTs marks a significant milestone in the gaming industry.
- Wallet Messaging Solutions: The development of wallet messaging solutions, like Coinbase’s encrypted in-wallet messaging, is a promising innovation.
- Worldcoin Launch: The launch of Worldcoin, aiming to establish ‘Proof of Personhood’ and an equitable Universal Basic Income, is a controversial but noteworthy development.
- Hamster Races and $HAMS: The rise of hamster races and the underlying cryptocurrency, $HAMS, is a peculiar trend in the crypto space.
- ‘gm-to-Earn’ by LooksRare: LooksRare’s introduction of ‘gm-to-Earn’, rewarding users with $LOOKS for regular engagement, is an interesting incentive model.
- ‘Made by Apes’ by Yuga Labs: Yuga Labs’ launch of ‘Made by Apes’ to support holder-made brands and products is a significant development in the NFT space.
- Drop in VC Investments: The drop in VC investments in web3 from $7.5B last year to $1.8B this year is a notable trend.
- AI-Driven Singles: Mastercard’s web3 artist accelerator music program’s launch of AI-driven singles is a significant development in the intersection of AI and music.
