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Ethereum is celebrating its 10th anniversary since it was launched. The blockchain ecosystem has seen a revival of non-fungible token (NFT).
The launch of the symbolic NFT initiative led by Ethereum, and a rally on the market led by collections such as CryptoPunks are two key developments.
Ethereum’s “Torch” NFT activation and Community
Ethereum celebrates its tenth birthday by introducing a new token. “The Ethereum Torch,” The narrative NFT is passed from community leader to community leader over 10 days. It ends with a symbolic fire on July 30th.
“The Torch is an NFT honoring the people and values that have shaped Ethereum’s first decade and will help build its future,” Ethereum stated in a July 20, 2017 post at X.
All users will receive a free NFT on the 30th of July.
In the run-up to Ethereum’s tenth birthday, the launch coincided with a 68% growth in NFT volume.
The following is a list of CryptoSlam dataAccording to CoinMarketCap, the weekly NFT trade volume has increased from $74 million to $125 millions, and ETH price is up by almost 15% in that same time period.
Investors are re-engaging in the Ethereum NFT tokens and collections
The price of Ethereum has risen, and this is causing a renewed interest in the top NFT collection.
CryptoPunks led the rallyWith a sales volume of $22,000,000, that’s +467% in 7 days. floor price The equivalent of 47,2 ETH.
Moonbirds, Pudgy Penguins, and other species also experienced strong increases. Moonbirds Over the past seven days, sales volumes have increased massively by 959 %.
NFT tokens linked to ERC-20 such as PENGU APE is gaining momentum. PENGU surged Over seven days, the market cap reached $2.7 billion, a 29.87% increase. increased by 7.61% In the same time period, the market cap reached $534.53million.
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Source: cryptoflies.com
