Apparently at the end with kingping they will adapt the comics where he get shot and end up blind, so, no dead.
pretty sure the netflix serie tried to be more grounded with reality, more or less like Nolan batman, so they made the special suit
but, since he is mcu now, at least this version of kingping they can give him the marvel treatment and give him super strength and super durability.
They can explain that with him being born different, or, use the powerbroker as a way to explain him getting super soldier serum, and giving to other tracksuits, who, showed some interesting feats of strength.
Plus, this kingping would be a variant for the mcu, i don't think he would be the exact same as the netflix series.
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i doubt Tobey would want that, i think he is focusing on being a director, i also read somewhere saying he don't want another solo movie, but could appear in others.
Imo, a spider movie like logan of him teaching a young miles would be perfect.
There is also rumors saying Sony will invest on andrew garfield spider -man, and it was all confirmed by some insiders, if its a solo movie or just appearance in the villainverse we don't know.
To him, i think better way was to fully adapt venom, with the black spider-man suit, the classic one(all black with big white eyes and the big white spider) where he is like he said in the movie, rageful and biter, to finaly set up a sinister six movie.