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PFP project is approaching its final chapter, is the coin issuance frenzy the last straw? This article deeply analyzes the rise and fall cycle of the NFT market, taking Pudgy Penguins and PoP MART as examples, and reconstructs the future path of Web3 IP.

Dragonverse Neo, one of Merlin's flagship projects, has released a white paper with a lot of information. It includes gameplay, economic mechanisms, and a roadmap. It also covers a full set of solutions from AAA games to self-developed game chains and fully demonstrates the ambition of the leading on-chain gaming to enter Bitcoin.

In May 2025, the enactment of stablecoin regulatory policies served as a significant catalyst following the Bitcoin ETF approval, boosting market confidence and driving Bitcoin hits an all-time high.

The article explores Web3 women-oriented game, HIM, from the perspective of AI and crypto.

RaaS projects have entered a period of intensive coin offerings. Altlayer, Dymension, and Saga have all issued coins in the near future. In addition, there are also Conduit and Caldera with excellent financing backgrounds in the track. The RaaS track is expected to gain continued attention from the market in the future.