According to Foresight News, the first Meme NFT project, MNGA (Make NFT Great Again), has been launched on the Mint Blockchain. The project has issued a whitelist to communities such as Mint, Intract, AlienSwap, Mint Punk, Owlto, BAYC, CryptoPunk, Azuki, Mfer, Milady, Pudgy Penguins, Moonbirds, Doodles, Doge, Shib, PEPE, and Floki. It is expected that free minting will be opened on Wednesday. In addition, users can also obtain the whitelist by completing social tasks on Intract, with the deadline being tonight. This move is seen as a way to encourage user engagement and participation in the NFT project. The MNGA project aims to revolutionize the NFT space by making it more accessible and user-friendly. The project's launch on the Mint Blockchain is a significant step towards achieving this goal.

According to Odaily, Solana's NFT platform Metaplex has announced that its DAO has entered a new phase. In June, the Metaplex protocol used 50% of its May fees (4490 SOL) and some historical fees (5510 SOL) to purchase MPLX, contributing a total of 3.8 million MPLX to the Metaplex DAO. The protocol generated a total of 8735 SOL in fees in June. Earlier in March, Metaplex announced the launch of a new NFT standard on the Solana chain, Core, which has already been launched on Devnet. Core, specifically designed for NFTs, supports storing key data in a single chain account, thereby reducing computational requirements, increasing throughput, and helping to improve the efficiency of the Solana network. The Core is fully supported by the Metaplex developer platform and can be seamlessly integrated with a set of SDKs and utilities. It is planned to be launched on the main network next week, with additional support from Candy Machine, DAS, Umi, and Amman. In addition, Metaplex announced that 50% of the protocol fees will be used to purchase MPLX tokens and send them to the Metaplex DAO, which includes all historical and future fees.

According to Foresight News, Ethereum's Layer 2 network, Linea, has launched a free NFT minting event named 'Culture SZN'. The event will run for five weeks and is divided into four regular stages and one special stage. Users can mint NFTs every week during the regular stages from July 1 to August 1. They can also vote for their favorite NFTs, with the top five being selected to form Linea guilds. The event aims to engage users and promote the use of NFTs within the Linea network.

According to BlockBeats, Astar Network announced on July 1st that it has officially launched its NFT marketplace, Sonova. This marketplace is specifically designed for collectors and professional traders. The platform aims to provide a dedicated space for the trading and collection of non-fungible tokens (NFTs), a type of digital asset that has gained significant popularity in recent years. Sonova's launch is a significant step for Astar Network, as it expands its offerings in the digital asset space. The platform is expected to attract a wide range of users, from seasoned traders to new collectors entering the NFT market. The launch of Sonova is part of Astar Network's broader strategy to establish itself as a leading player in the digital asset industry. The NFT marketplace Sonova is designed to cater to the needs of both collectors and professional traders. It provides a platform where users can buy, sell, and trade NFTs in a secure and user-friendly environment. The launch of Sonova is expected to contribute to the growth of the NFT market, providing more opportunities for creators and collectors alike.

According to Odaily, Floki NFT was recently delisted from the OpenSea marketplace. Floki has acknowledged the situation and is actively collaborating with OpenSea to resolve the issue. They have assured that updates will be provided promptly once the problem is resolved. The delisting of Floki NFT from OpenSea has raised concerns among the NFT community. However, Floki has taken immediate steps to address the situation, indicating their commitment to resolving the issue. The company is currently in active communication with OpenSea, working towards a solution. While the reason for the delisting remains unclear, Floki has promised to keep its users informed about the progress. As soon as the issue is resolved, the company will provide timely updates to its users. This incident underscores the dynamic and unpredictable nature of the NFT market, highlighting the importance of transparency and communication between platforms and their users.

According to Foresight News, Parallel Network, a full-chain L2 network, has announced that it will no longer support HV-MTL NFT in its lending market. Starting from July 1, the supply operations for HV-MTL NFT assets will be disabled. Users will have a week to withdraw their HV-MTL NFT assets. If the assets are not withdrawn by July 8, 2024, it could result in the loss of HV-MTL NFT.

According to Foresight News, the floor price of Solana's NFT series, Mad Lads, has rebounded to over 100 SOL, currently standing at 106.7 SOL. This represents a 24-hour increase of 13.65%. The data was provided by Magic Eden. Solana's ecosystem continues to show strong performance in the NFT market.

According to CryptoPotato, the Non-Fungible Token (NFT) market has seen a significant decline in key metrics such as sales volumes, unique sellers, and buyers, according to data from Cryptoslam. This downward trend is believed to be influenced by the ongoing rough patch in Bitcoin markets. In the second quarter of 2024, the NFT market experienced a significant drop in monthly volumes compared to the first quarter. Sales volumes in Q2 fell by 45% quarter-on-quarter. In Q1 2024, total sales volumes in the NFT market exceeded $4.1 billion, a substantial increase from the $2.9 billion recorded in Q1 2023. However, in Q2 2024, NFT volumes reported a quarterly volume of approximately $2.28 billion, the lowest since Q3 2023. June 2024 saw a significant decline in the average sale price of NFTs, dropping from $193 in March to $78, a decrease of approximately 60%. By June 28, sales volumes were around $419 million, putting June on track to record the lowest sales values since October 2023. In May, sales volumes were just above $616 million, representing a drop of over 50% from April’s $1.2 billion. The number of unique sellers and buyers also declined. In the first quarter, there were about 2,238,925 unique sellers, and the number of unique buyers stood at 3,316,014. In the second quarter, the number of unique sellers and buyers was 1,785,367 and 3,300,566, slightly down from those in Q1. Despite the significant downturn, NFTs have achieved notable milestones in 2024. Solana-based NFTs surpassed $5 billion in all-time sales volume on February 23. Additionally, Bitcoin-based NFTs moved into the third position for all-time sales volume earlier this month, surpassing the Ronin network. This decline in the NFT market has coincided with Bitcoin’s bearish trend; after peaking in March 2024, Bitcoin has struggled to regain its highs, dropping to as low as $57,000. At the time of this report, Bitcoin is priced at $61,327, with experts advising cautious accumulation of the cryptocurrency.

According to Odaily, SolanaFloor has announced on platform X that over 500 million Non-Fungible Tokens (NFTs) have been minted on the Solana blockchain. A significant portion of these NFTs have been created using a new compression standard. In addition to this, the total number of collections has exceeded 100,000, and the number of collection addresses has surpassed 49 million. This indicates a significant increase in the use of the Solana blockchain for NFT creation and trading. The new compression standard being used for the majority of these NFTs represents a significant development in the NFT space. This could potentially lead to more efficient storage and transfer of NFTs, making the Solana blockchain an increasingly attractive platform for NFT creators and collectors. The surge in NFT minting on Solana is indicative of the growing popularity of NFTs and the increasing adoption of blockchain technology in various sectors. The use of a new compression standard could further enhance the efficiency and scalability of NFT transactions on the Solana blockchain.

According to BlockBeats, Bitwise CEO Hunter Horsley has publicly acknowledged his purchase of the 'Pudgy Penguins' NFT several years ago. He also recognized the efforts of the NFT's founder, Luca Netz, and his team in bringing millions of people into this field. Horsley praised Netz and his team for establishing a decentralized intellectual property ownership system and building a bridge that enables mainstream individuals to participate in this domain. The Bitwise CEO's endorsement of the Pudgy Penguins NFT and its creators highlights the growing acceptance and influence of NFTs in the mainstream market. This news underscores the increasing recognition of NFTs and their potential to revolutionize the concept of ownership in the digital world. The endorsement from a prominent figure like Horsley further validates the efforts of NFT creators and their contribution to the broader digital asset ecosystem.

According to Odaily, the Ethereum Layer 2 (L2) network, Mint, has announced its plans to launch a public mainnet. The launch is scheduled for July 1st. This development is particularly significant for the Non-Fungible Token (NFT) sector, as Mint is primarily oriented towards it. The Ethereum L2 network is a secondary layer on the Ethereum blockchain, designed to help scale the network by handling transactions off the main Ethereum chain. This allows for faster transaction times and lower fees, which is particularly beneficial for NFT transactions. Mint's upcoming public mainnet launch is a significant step forward in the development of the Ethereum L2 network and the broader NFT sector. It is expected to further enhance the efficiency and scalability of NFT transactions on the Ethereum blockchain.

According to BlockBeats, Igloo Inc., the parent company of the NFT project Pudgy Penguins, has acquired Frame, a platform for the on-chain creator economy. The terms of the transaction have not been disclosed, and the Frame team will now join Igloo. The purpose of this acquisition is to develop a Layer 2 network, Abstract Chain, specifically designed for on-chain culture and community. This platform aims to usher in a new era driven by the cultural economy, create distribution tracks, empower builders, and introduce innovative economic mechanisms on-chain.

According to CryptoPotato, Logan Paul, a well-known personality, has initiated a defamation lawsuit against Stephen Findeisen, a YouTuber known as Coffeezilla. The lawsuit is in response to a series of videos released in 2022, which accused Paul of orchestrating a scam through his failed CryptoZoo NFT project. The court documents reveal that Paul is seeking to hold Findeisen accountable for his actions, alleging that he 'maliciously and repeatedly' made false statements that have caused significant damage to Paul's reputation. In 2022, Coffeezilla released a three-part YouTube series on CryptoZoo, branding it as 'Logan Paul's biggest scam.' The videos claimed that Paul had defrauded his fans by collecting money from NFT holders without delivering the promised project. These videos quickly gained popularity, garnering tens of millions of views and becoming some of Findeisen's most viewed content. However, Paul argues that these videos presented a misleading narrative, omitting crucial information that demonstrated his genuine commitment to the success of CryptoZoo. The lawsuit also alleges that Findeisen was aware that Paul did not profit from the project and had numerous internal messages showing his determination for CryptoZoo to be executed perfectly before its public launch. The lawsuit further states that 'Findeisen knew full well that Paul had never set out to scam anybody, but to the contrary had always intended to build a legitimate blockchain-based game.' Paul also attributes the failure of the project to Eduardo 'Eddie' Ibanez, who he describes as 'a charlatan' who falsified his credentials, and Jake Greenbaum, an adviser who was 'more interested in trying to personally profit than in helping to create a legitimate project.' Paul is seeking damages exceeding $75,000, plus interest, lawyer fees, and additional relief as determined by the court. Despite Paul's previous announcement of a $1.5 million recovery plan for CryptoZoo and considering suing Findeisen in late 2022, Findeisen continued to release videos throughout 2023 and 2024, reiterating claims that CryptoZoo was a scam organized by Paul. The lawsuit states that Paul was 'left disappointed' when his efforts 'failed to materialize,' and he spent $1 million to buy back the NFTs between January and March, even though he had not 'earned any money from the project whatsoever.' The CryptoZoo project, launched in 2021, was intended to be a game where players could buy NFT 'eggs' using the ZOO token. However, the ZOO token has since plummeted, now effectively worthless with a market capitalization of zero and minimal trading volume.

According to BlockBeats, the floor prices of various blue-chip NFT series have seen different degrees of recovery on June 28. The Bored Ape Yacht Club (BAYC) floor price was 9.43 ETH, marking a 6.28% increase over the past week. The Pudgy Penguins series also experienced a price rise, with the floor price reaching 9.03 ETH, a 7% increase in the same period. Azuki's floor price was 3.38 ETH, showing a significant 10.04% increase over the past week. Lastly, the Mutant Ape Yacht Club (MAYC) floor price was 1.68 ETH, with a substantial 15.17% increase over the week. This data indicates a positive trend in the NFT market, with blue-chip series showing signs of recovery.

According to CoinDesk, Non-fungible tokens (NFTs) have continued to make a significant impact on global industries, despite a market downturn that led many to prematurely declare the technology 'dead'. The NFT market has seen sales volumes reach nearly 200,000 NFTs, valued at over $191 million per day. Despite some NFT markets experiencing a decline of over 90%, the technology continues to be a game-changer. NFTs are not just internet culture toys, as some may perceive due to high-profile projects like CryptoPunks and Bored Apes. They are a revolutionary way of recording who holds rights to an asset. NFTs can certify ownership and authenticity, and they come with many features of blockchains such as interoperability, secure transfer, and verification. The NFT industry has created a property rights system that is available 24/7/365 to anyone, anywhere at a fraction of the cost of traditional systems, and conveys uniqueness to any asset including digital files. The assets and the rights that can be conveyed through NFTs are virtually limitless. They are changing what’s possible and reshaping existing industries. For instance, in the world of digital art and collectibles, NFTs provide artists and IP holders a means to create a verifiably unique or distinct digital item, unlocking new avenues for monetization. The holder of an NFT receives rights that can include ownership, usage, and resale of the digital work. The financial world is also embracing tokenization. NFTs offer more efficient and accessible markets for traditional financial instruments with transparent ownership and instant settlement. They are also being used to represent carbon credits, ensuring authenticity and helping combat climate change while adhering to regulatory standards. NFT technology is revolutionizing various sectors including music, video, ticketing, gaming, trade finance, luxury goods, identity, private credit, AI, physical goods, and even vehicle registries. Just as the early days of the Internet brought about transformative changes, NFTs are reshaping the world with the same transformative power, creating unprecedented innovation and economic possibilities.

According to Odaily, a remote village in the mountainous region of Niigata, Japan, known as Yamakoshi, has attracted 1700 'digital citizens' through the sale of non-fungible tokens (NFTs) to support and sustain its aging population. The project, led by local residents, manages a collection of NFTs called 'Koi,' which serve not only as identity markers for Yamakoshi's 'digital citizens' but also act as governance tokens, allowing participation in the village's decentralized autonomous organization (DAO) voting.

According to Odaily, Parallel Network has announced on platform X that it will be reducing the liquidation threshold of its NFT lending platform by 1% daily until it reaches the target value. For instance, the threshold for BAYC will be reduced from 80% to 65%, and for MAYC, it will be lowered from 70% to 65%. Parallel Network has warned users to be aware of the liquidation risk as this adjustment will impact the health factor of the loans. Previously, Parallel Network had stated that due to recent fluctuations and downward trends in the NFT market, it would be adjusting the parameters of the NFT lending protocol to mitigate systemic risk.

According to Foresight News, the all-chain AI gaming ecosystem, Cellula, has entered into a strategic partnership with Nervos CKB. As part of the collaboration, Cellula will use the RGB++ protocol to issue 511*6 sets of BitCell NFTs on the Bitcoin layer one network. Cellula will empower its game assets, BitCell, through its unique vPoW mining mechanism. Additionally, Cellula will use the RGB++ protocol to create a self-evolving chain of digital life in the BTC ecosystem. The RGB++ protocol provides programmability to the Bitcoin mainnet. It allows assets to leap directly between the Bitcoin mainnet and Navos CKB without the need for a cross-chain bridge, achieving complete decentralization. In addition to this, Cellula and Nervos CKB will host an AMA event this Wednesday to provide a detailed introduction to this partnership and its impact on the community.

According to Odaily, Silly Dragon has announced the launch of its SPL404 NFT, which will support free minting. The company plans to set up a new 'Hybridization Portal' website for users to redeem. Users will only need to exchange SILLY tokens to redeem the NFT, and they will retain 100% of the SILLY token value, which can be exchanged again at any time. The Hybridization Portal will remain open until all 8888 Hybrid NFTs have been redeemed. Once minting reaches 25%, the Hybrid Swap will be deployed. This move by Silly Dragon is seen as a significant step in the NFT space, offering users more flexibility and control over their digital assets.