{"id":24841,"date":"2025-07-21T11:31:23","date_gmt":"2025-07-21T11:31:23","guid":{"rendered":"https:\/\/metaverseplanet.net\/blog\/?p=24841"},"modified":"2025-12-29T11:45:13","modified_gmt":"2025-12-29T11:45:13","slug":"ethereum-celebrates-10th-anniversary-with-special-nft","status":"publish","type":"post","link":"https:\/\/metaverseplanet.net\/blog\/ethereum-celebrates-10th-anniversary-with-special-nft\/","title":{"rendered":"Ethereum Celebrates 10th Anniversary with Special NFT"},"content":{"rendered":"\n

The Ethereum network<\/strong> is celebrating its 10th anniversary<\/strong> with a symbolic NFT<\/strong>. This special digital asset, named \u201cEthereum Torch,\u201d<\/strong> was first announced on July 21st<\/strong> and will be transferred to a different wallet every day until July 30th<\/strong>. At the end of the process, the NFT will be burned<\/strong>, making way for a new, freely mintable celebratory NFT. The first recipient of the digital torch will be Joseph Lubin<\/strong>, one of Ethereum’s co-founders. The torch, which will be transferred to a different member of the Ethereum community every 24 hours, symbolizes the project’s global nature and its developer-centric user base. The Ethereum Foundation announced that the torch will eventually be burned, representing the network’s transition into a new era.<\/p>\n\n\n\n

According to the official announcement made via Ethereum’s X (formerly Twitter) account, the torch will not be available for trade<\/strong>. This token will not be listed on NFT platforms like OpenSea and is purely for memorial and solidarity purposes. After July 30th, a new NFT will be offered, which anyone can claim for free<\/strong>, to commemorate this process.<\/p>\n\n\n\n

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300% Jump in the NFT Market<\/h2>\n\n\n\n
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These developments, coinciding with Ethereum’s 10th anniversary, have also brought a revival in the NFT market<\/strong>. According to on-chain data, NFT trading volume on Ethereum<\/a><\/em><\/strong> has increased by approximately 300%<\/strong> in the last two weeks, reaching $75 million<\/strong>. This recovery has occurred simultaneously with the Ethereum price increasing by approximately 50%<\/strong> since July 6th.<\/p>\n\n\n\n

Across all blockchains, the total weekly NFT sales volume exceeded $110 million<\/strong>, reaching its highest level in the last six months. Ethereum-based projects<\/strong> specifically accounted for a large portion of this volume. Bitcoin-based collections<\/strong> also garnered attention with $25.6 million<\/strong>, while Polygon<\/strong> experienced a slight decrease.<\/p>\n\n\n\n

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Institutional Interest is Surging Again<\/h2>\n\n\n\n
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The activity in the NFT market has also rekindled institutional interest<\/strong>. The Cboe BZX exchange has filed for an ETF application<\/strong> for PENGU, the token of the popular NFT collection Pudgy Penguins<\/strong>. According to CoinGecko data, Pudgy Penguins ranks only behind CryptoPunks in terms of trading volume, and ahead of Bored Ape derivatives.<\/p>\n\n\n\n

As a concrete example of this interest, an investor recently spent $8.5 million<\/strong> on 48 CryptoPunks NFTs<\/strong>.<\/p>\n\n\n\n

Ethereum’s 10th-year celebration and this surging interest in NFTs indicate a rejuvenation of the crypto collectibles market<\/strong>. Experts believe these developments have renewed confidence in the Ethereum ecosystem<\/strong>.<\/p>\n\n\n\n

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