Consider the following statements regarding the Treaty on the Prohibition of Nuclear Weapons (TPNW):

1. The TPNW prohibits the development, testing, production, stockpiling, transfer, and use of nuclear weapons by its signatories.

2. As of July 2024, nearly 50% of UN member states have either signed or ratified the TPNW.

Which of the statements given above is/are correct?