May 19 - 23: This week in web3, recapped in one letter

BTC hit a new ATH of 112K this week and is officially the 6th most valuable asset in the world. But looking at the vibes on CT you would never guess. Maybe we all need to collectively take a deep breath in…and out…and touch some grass.

Or maybe people just had bigger things on their minds:

• A hacker hit Cetus, Sui’s top liquidity platform, stealing $223M. Drama ensued (naturally). 
  

• FIFA is building its own EVM-compatible Layer 1 on Avalanche to streamline digital assets like collectibles and ticketing.
  

• Zombie CryptoPunk #3609 sold for 440 ETH (~$1.087M). It last sold for 420 ETH two years ago.
  

• Car brand DeLorean will use the Sui blockchain to tokenize electric vehicle reservations and launch a priority-access marketplace for buyers.
  

• Pudgy Penguins reveal a new collaboration with Random House Children’s Books, the largest children’s publisher under Penguin Random House.
  

• Crypto art history is being rewritten with the latest deep-dive from archivist.
  

• InfoFi just got more interesting with the launch of Cookie Dao’s “cookie.fun v1.0.” Earn snaps for social behaviour. 

SuzanneNFTs did a deep dive on XCOPY that is definitely worth your while.

Heading to NFC Lisbon?

3 artists are currently cooking up some amazing interactive artwork for you. Make sure you collect our Mint Passes so you can access our interactive installation at the Rarible booth. Mint Passes are live from PsychoFuturist, Zhannet Podobed, and Rogue Samo today.

Count your blessings.