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Ethereum celebrates its tenth anniversary of launch. As a result, there is a resurgence in activity around non-fungible (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,” A story NFT is passed by community leaders in ten-day intervals, culminating 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 said in a blog post published on X, on the 20th of July.
On July 30, all NFT users can get a commemorative NFT for free.
In the run-up to Ethereum’s tenth birthday, the launch coincided with a 68% growth in NFT volume.
As per CryptoSlam dataCoinMarketCap reports that the NFT weekly trading volume increased by $125 Million, and ETH rose in price nearly 15% over this period.
The Ethereum NFT collection and tokens have seen renewed investor interest
The price of Ethereum has risen, and this is causing a renewed interest in the top NFT collection.
CryptoPunks led the rallyThe sales volume was $22 million, a +467% increase over 7 days. floor price The equivalent of 47,2 ETH.
Moonbirds, Pudgy Penguins, and other species also experienced strong increases. Moonbirds Over the last seven days, sales volumes have increased massively by 959 %.
NFT tokens linked to ERC-20 such as PENGU APE has gained 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: blog.cryptoflies.com
