According to Odaily, NFT perpetual contract trading platform, Nftperp, has announced its decision to concentrate on the Blast blockchain. As part of this strategic shift, the platform will be closing down the Arbitrum market. Starting from today, Arbitrum traders are encouraged to adjust their positions accordingly. Prior to market settlement, the initial margin requirement for new positions will be increased to 50%, equivalent to a two-fold leverage. To ensure a smooth transition, all unsettled positions on Arbitrum will be automatically settled on Monday, June 3rd. This settlement will be based on the tracking index price of the past seven days. Nftperp has advised its users to complete their transactions before this date in order to manage their positions as needed.

According to Odaily, data from NFTScan Multichain reveals that as of May 29, more than 3.88 million Non-Fungible Token (NFT) collections have been deployed on the blockchain. The total issuance of NFTs has reached 1.84 billion, with an overall market value of approximately $273.3 billion. The trading volume has hit $1,046.5 billion. NFTs, unique digital assets that represent ownership of a specific item or piece of content, have seen a significant surge in popularity and usage. The data indicates a robust and growing market for these digital assets, with a substantial increase in the number of NFT collections deployed on the blockchain. The total market value of these NFTs, standing at $273.3 billion, demonstrates the substantial economic impact of this digital asset class. Furthermore, the trading volume reaching $1,046.5 billion underscores the high level of activity and interest in the NFT market. This data provides a snapshot of the current state of the NFT market, highlighting the significant growth and potential of this digital asset class. As the blockchain technology continues to evolve and mature, the NFT market is expected to continue its upward trajectory.

According to PANews, despite the significant changes in the NFT market, the Biden administration still perceives potential dangers to consumers. The US Treasury Department will outline these concerns in its first-ever NFT risk assessment, which is set to be released today. Deputy Secretary Brian Nelson will also discuss this issue at the CoinDesk Consensus conference in Austin. The Treasury Department will warn that NFTs are highly susceptible to fraud and scams, and can easily be stolen. While it will emphasize that NFTs can be used to launder criminal proceeds, so far, unlike fraudsters, the Treasury Department has found little evidence to suggest that terrorists and weapons proliferators are abusing NFTs.

According to PANews, Devin Finzer, co-founder and CEO of OpenSea, recently shared his insights on the current state and future of Non-Fungible Tokens (NFTs) and the digital market. Despite speculations about the decline of NFTs, Finzer presented a clear vision of continuous growth and innovation. He emphasized that NFTs are far from extinct, with the market showing increasing interest in gaming and physical-backed NFTs. OpenSea has collaborated with Courtyard on a project involving Pokémon cards and has partnered with leading game developers like Parallel and Revolving Games. Finzer stated, 'We see new use cases emerging on OpenSea constantly. Ensuring OpenSea becomes a home for all types of NFTs is crucial for joining the next wave of the NFT surge.' OpenSea has also revamped its collection page, providing creators with a richer, customizable page to tell their project stories. Finzer mentioned that the platform is committed to evolving with new practical trends, ensuring the market remains one of the best places to buy, sell, and collect NFTs. Currently, OpenSea's main focus is enhancing the user gaming experience. The company has launched immersive game trailer videos and new exchange standards to enhance the core user experience. Finzer believes that gaming is a great example where highlighting gameplay through videos is crucial, and the massive gaming industry is expected to drive NFT applications. As more and more gamers become first-time NFT owners, a frictionless onboarding experience becomes crucial. He also highlighted the potential of interoperability, where items or statuses obtained in one game can unlock experiences in another through open digital ecosystem standards. The recent rise in the crypto market has sparked innovation, and infrastructure improvements have made NFT trading more attractive and cost-effective. Finzer believes these developments are crucial for the next wave of users. For instance, OpenSea's new 'cold start' onboarding experience has simplified the wallet creation process and expanded the use of fiat currency payments. Users only need an email to create an OpenSea account with a self-hosted wallet. This integration allows users to seamlessly buy, sell, send, and receive digital assets and NFTs, which is a crucial step for newcomers to the crypto ecosystem. Finzer also expressed admiration for the leading companies in the Web3 gaming field, such as Parallel. He believes that the expansion of utility-supported NFTs is crucial for industry development. Despite the volatility of the NFT market, Finzer remains optimistic about its future. He hopes to continue developing new features and creating new opportunities to ensure the company's leading position in the NFT field. Finzer's insights dispel the notion that 'NFTs are dead.' Instead, these digital assets are continuously evolving, with new use cases, improved infrastructure, and innovative features driving the development of this field.

According to Odaily, Jesse Pollak, the head of Base Protocol, has announced a unique incentive for participants in the upcoming Base ecosystem hackathon, known as the buildathon. In a post on platform X, Pollak cited an official Base tweet, stating that those who sign up for the buildathon will receive a special non-fungible token (NFT). Furthermore, Pollak added an intriguing challenge for the participants. If they manage to help Base Protocol break through the $10 billion total value locked (TVL) mark, he pledged to shave his head. This unusual promise adds an element of fun and competition to the event, while also setting a high goal for the participants to strive for. This announcement is part of Base Protocol's efforts to engage and reward its community, while also driving growth and innovation within its ecosystem. The use of NFTs as rewards is a reflection of the growing trend in the blockchain and cryptocurrency sector, where these unique digital assets are gaining increasing recognition and value.

According to Odaily, SmartLayer has officially announced its integration with the multi-chain self-hosted wallet, TokenPocket. This collaboration will allow users to view and interact with ERC-5169 NFTs through the smart token viewer on the TokenPocket wallet. The integration is a significant step forward in enhancing the user experience by providing a seamless interface for viewing and interacting with NFTs. The ERC-5169 NFTs are a type of non-fungible token on the Ethereum blockchain, which are unique and cannot be replaced with something else. This collaboration between SmartLayer and TokenPocket is expected to bring about a more user-friendly and efficient way of managing and interacting with NFTs. It is a testament to the continuous efforts of both companies to improve their services and provide better solutions for their users.

According to Odaily, Elixir Games has officially announced the launch of its Elixir NFT IDO round. In the initial six hours, Flask holders are guaranteed to receive ELIX allocations, with each NFT valued at a maximum of $350. Following this, Flask NFT holders will have the opportunity to participate in a first-come, first-served basis for 18 hours or until the offerings are sold out. The announcement by Elixir Games marks a significant development in the NFT space, as it provides an opportunity for Flask holders to benefit from the launch. The guaranteed ELIX allocation for Flask holders in the first six hours and the subsequent first-come, first-served basis for 18 hours or until sold out, provides an avenue for participants to potentially gain from their investments. This move by Elixir Games is seen as a strategic step in the rapidly evolving NFT market. The guaranteed allocation and the first-come, first-served basis offer not only provide an opportunity for Flask holders but also contribute to the overall growth and development of the NFT market.

According to Foresight News, the all-chain AI gaming ecosystem, Cellula, has successfully completed a comprehensive security audit conducted by BlockSec. The company has officially open-sourced its core algorithms and code. The audit covered two main contracts, Cell and Life, as well as an energy claim auxiliary contract. The code is now open-source, and community members can access, view, and contribute to it. Cellula uses a distribution mechanism based on Variable Rate Gradual Dutch Auctions to determine the pricing of NFT issuance. When market heat exceeds expectations, prices rise; when market heat is below expectations, prices fall; when market heat matches expectations, prices remain unchanged. Cellula has two types of NFTs: the limited-edition BitCell, which has not yet been launched and has a total of 10,220; and BitLife, which is created by leasing BitCell and undergoing synthetic casting, and has no upper limit on its total amount.

According to Odaily, recent data indicates a general decline in the floor prices of blue-chip NFT series over the past week. The Bored Ape Yacht Club (BAYC) reported a temporary floor price of 12.25 ETH, marking a 9.82% decrease over the past seven days. Similarly, Pudgy Penguins saw a floor price of 10.55 ETH, reflecting a 7.37% drop in the same period. The Mutant Ape Yacht Club (MAYC) reported a floor price of 2.09 ETH, a significant 17.75% decrease over the week. Azuki's floor price was temporarily reported at 4.35 ETH, marking a 13.8% decrease in the past seven days. DeGods also experienced a drop in floor price, reporting at 1.34 ETH, a 22.58% decrease over the week. Lastly, LilPudgys reported a floor price of 0.85 ETH, marking a 17.79% decrease over the past seven days. These figures highlight the volatility and fluctuating nature of the NFT market, with prices of even the most established series experiencing significant changes within short periods.

According to PANews, the NFT project '2426C', led by Chen Guanxi in February 2022, is suspected to have collapsed. There have been no updates on the official Twitter and Instagram of '2426C' since April 6, 2023, and the Discord channel appears to be quite deserted with no signs of operation. Attempts by netizens to inquire about the situation on Chen Guanxi's Instagram account have gone unanswered. In the early stages of the project, Chen Guanxi shared an NFT that had the highest transaction price at the time. However, its value has plummeted from 18.88 ETH to the current 0.025 ETH. Furthermore, it was reported that the total income from the NFTs Chen Guanxi endorsed was approximately 38 million RMB. In addition to Chen Guanxi, NFT projects endorsed by other artists such as Yu Wenle are also nearing zero. This situation raises questions about the sustainability and profitability of such projects, and the potential risks for investors.

According to Foresight News, the second phase of the 'Foresight Dragon Year Commemorative NFT' has officially begun. Users who register with Foresight News before March 31 this year can apply for the whitelist. Eligible users can participate in the public minting of NFTs on May 31 at 15:00, provided they fill in the corresponding information and pass the review by May 29 at 15:00.

According to Foresight News, the Mocaverse NFT series has seen a significant increase in its floor price and trading volume. The floor price has risen by 39.1% in the last 24 hours, currently standing at 3.89 ETH, which is approximately 14,700 USD. The trading volume has also seen a substantial increase, rising by 433.2% to reach 307.35 ETH, equivalent to about 1.16 million USD. This data was provided by CoinGecko.

According to Odaily, the Aptos ecosystem's LiquidNFT standard Renegades has announced its launch on the X platform. The details of the launch are as follows: The SEEDZ stakers will be active from 2:30 PM UTC on May 23rd to 2:30 AM UTC on May 24th. Following this, the whitelist (RENALIST) will be active from 2:30 AM UTC on May 24th to 2:30 PM UTC on the same day. The public round will commence from 2:30 PM UTC on May 24th. The launch of the LiquidNFT standard Renegades by Aptos on the X platform marks a significant development in the Aptos ecosystem. The specific details of the launch, including the SEEDZ stakers, the whitelist, and the public round, have been meticulously planned and scheduled to ensure a smooth and successful launch. The Aptos ecosystem's LiquidNFT standard Renegades' launch on the X platform is a significant event in the world of digital assets. It represents a new phase in the evolution of the Aptos ecosystem and the broader digital asset landscape.

According to Odaily, Singapore-based collectibles design and manufacturing company, Mighty Jaxx, has secured $11 million in an A+ funding round. The funds will be used to drive business growth in the United States and Europe. In 2021, Mighty Jaxx raised $10 million in funding, with Tencent leading the round and participation from Korea Investment Partners and KB Investment. Since its establishment in 2012, Mighty Jaxx has collaborated with global brands such as Cartoon Network, Warner Brothers, DC Comics, Looney Tunes, and Sesame Street to produce various collectibles. Last year, the company incubated the blockchain technology platform MightyVerse, which can store information and digital assets in collectibles, promoting a gamified collection experience. The company has also entered the NFT market, launching two NFT collectibles paired with physical collectibles in April this year.

According to Odaily, Smart Layer has announced its integration with Evadore on the X platform. Users can now interact with ERC-5169 modular DApp and NFTs through the Smart Token Viewer on the Evadore Wallet. This integration allows users to view and interact with these digital assets directly from their wallets, enhancing the user experience and providing a seamless interface for digital asset management. The integration of Smart Layer with Evadore on the X platform marks a significant step in the evolution of digital asset management, providing users with a more streamlined and efficient way to manage their digital assets.

According to Foresight News, REtokens, a company specializing in the tokenization of real estate assets, is currently tokenizing $30 million worth of real estate assets on the Layer 1 blockchain network, Polymesh. The real estate assets being tokenized include apartment buildings and townhouse projects located in the United States. Polymesh, a Layer 1 blockchain, is facilitating the tokenization process. This move marks a significant step in the integration of blockchain technology into the real estate sector. The tokenization of these assets will allow for increased liquidity and accessibility, potentially transforming the way real estate transactions are conducted. REtokens is at the forefront of this innovative approach, leading the way in the tokenization of real estate assets. The company's current project involves a diverse range of properties, further demonstrating the versatility and potential of this technology in the real estate market.

According to Odaily, NFT perpetual contract trading platform, Nftperp, has announced its launch of Ordinals trading on the Blast platform. Users can now trade two Ordinals projects, Bitcoin Puppets and NodeMonkes, using WBTC on Blast. This development marks a significant step in the expansion of Nftperp's trading offerings, providing users with more options for their digital asset trading activities. The introduction of Bitcoin Puppets and NodeMonkes to the Blast platform through Nftperp is expected to enhance the trading experience for users. These two Ordinals projects offer unique opportunities for traders, further diversifying the range of assets available on the platform. This move by Nftperp is indicative of the growing trend of integrating NFTs into digital asset trading platforms. As the NFT market continues to evolve and expand, platforms like Nftperp and Blast are adapting to meet the changing needs and preferences of their users. This development is a testament to the dynamic nature of the digital asset trading landscape and the increasing prominence of NFTs within it.

According to Odaily, YouTube investigator Stephen Findeisen, also known as Coffeezilla, has accused AI company Rabbit of orchestrating an NFT scam and attempting to cover it up. On May 21, Findeisen released a video revealing that Rabbit AI was formerly known as Cyber Manufacture Co., which had raised $6 million for the NFT project Gama. Years later, Rabbit AI's founder and CEO, Jesse Lyu, claimed that his company would 'never get involved in cryptocurrency' and described Gama as a 'small hobby project' he pursued during the COVID-19 period. Findeisen presented a recording in which Lyu had described Gama's grand vision. In the recording, Lyu stated that they had invested millions of dollars to ensure Gama became an 'extraordinary experience'. Findeisen also questioned the whereabouts of the $6 million raised for the Gama project, despite the company's claim that these funds were only used for the NFT project. Furthermore, Findeisen pointed out that Rabbit's R1 product was also subject to overhype, with some considering it an 'AI scam'.

According to Foresight News, Foresight Loong, which was launched in February this year, has been well-received by numerous Web3 partners, with the first phase exceeding 1000+ mintings. The second phase of minting for the Foresight Loong, a commemorative NFT for the Year of the Dragon, has officially begun on Bitcoin Pizza Day. The eligibility to participate in the second phase of Foresight Loong includes all registered users of Foresight News as of May 30. After filling out their registration email and ETH address, they will be updated to the whitelist upon approval. Winners from the official Foresight News channels and partner communities, Foresight Pyxis holders, and holders of the following NFT series: Nobody, WeirdoGhostGang, Pudgy Penguins, Doodles, and Moonbirds are also eligible. The whitelist collection period was from May 22 to May 30, 23:59, and the minting time was on May 31, 15:00. The whitelist eligibility query will be opened soon, and the mint address will be opened the day before minting. Foresight Loong is a commemorative NFT series for the 2024 Chinese Year of the Dragon launched by Foresight News, with a total of 3333 pieces. It is a Free Mint issue on the ETH chain. Foresight Pyxis series holders, winners from the official Foresight News channels and partner communities, and holders of several popular NFT series can participate in the minting. This NFT will enjoy priority benefits from Foresight News in the future, including but not limited to special discounts on Foresight annual summit tickets, Foresight News peripheral series, and whitelist of popular cooperative NFT/project test networks.

According to Odaily, NFTScan, a provider of NFT infrastructure services, has completed its support for Mint Blockchain and has launched an NFT browser and NFT API data services. This makes Mint Blockchain the 25th blockchain network supported by NFTScan. Mint Blockchain is a native Ethereum Layer 2 network that focuses on the development of the NFT ecosystem and industry. In addition, Mint is a formal member of OP Superchain and is also a strategic partner of the Optimism Foundation in the Asia-Pacific market.