**NFT News Flash: Key Developments This Week**

- **Artists Sue SEC Over NFTs**: Filmmaker Brian Frye and songwriter Jonathan Mann have taken legal action against the SEC to clarify if NFTs are considered securities. Their lawyers argue that treating NFTs like securities, akin to Taylor Swift tickets, is absurd.

- **DraftKings Shuts Down NFT Business**: Due to recent legal challenges, DraftKings is closing its NFT marketplace and fantasy sports game Reignmakers. This follows a judge's decision to let a class-action suit proceed, claiming their NFTs were unregistered securities.

- **NFT Sales Hit New Low**: July 2024 is set to record the lowest monthly NFT sales volume since November 2023, with only $393 million. Despite this, transaction volumes soared, with nearly 10 million transactions, a 73% increase from June.

- **Ronin Blockchain Surges**: The NFT gaming platform Ronin saw a record 2 million daily active users on July 29, surpassing networks like Tron and Solana. This spike is attributed to increased activity on its NFT marketplace, Mavis Market, and other updates.

- **Atari Goes Onchain**: Atari is bringing its classic games to the blockchain via the layer-2 network Base, starting with Asteroids. Players can mint an NFT access pass to compete on leaderboards and earn rewards like a $1,000 Atari gift card.

Stay tuned for more updates in the evolving NFT space!