Ethereum has just marked for 10 years since its introduction. It introduced a symbolic NFT called “The Ethereum Torch” to honor its community.
The token will travel from a wallet to another day after day. Then it is burned to make room for a fresh solemn NFT that everyone can shape free of charge.
Ethereum Torch Tour emphasizes the community spirit
According to the X -account of the Ethereum Foundation, Joseph Lubin, a co -catcher from Ethereum and founder of Consensys, will be the first owner on July 21.
After 24 hours in his wallet, the torch moves on. It will spend 10 days to jump on a selected list of community members. Based on reports, each handover is selected to demonstrate the global range of the network.
0/ The Ethereum torch is now illuminated.
The flashlight is an NFT that annoys people and values that Ethereum has shaped the first decade and will help build its future.
It is symbolically transmitted in the 10 days before Ethereum’s 10th anniversary. pic.twitter.com/neiy8joina
– Ethereum (@ethereum) July 20, 2025
The flashlight will complete your trip on July 30th if the foundation plans to burn the NFT. This combustion is intended to complete an era of the network and start the next.
After the burn, a brand new flashlight via the official ether website will be freely asserted, which gives more people part of the celebration.
The NFT market sees a remarkable revival
On -chain data show a strong back rim at the NFT trade. The weekly turnover in all blockchains has exceeded 110 million US dollars last week.
Ethereum projects made up for around 75 million US dollars of this sum. This corresponds to a jump of 300% compared to the numbers two weeks earlier.
The spike has been 50% as an increase in the ETH price since July 6th. Collectors and dealers turn back to digital art and collector’s items in growing numbers.
Based on reports, this upswing, after a weak 2024, when the NFT trade decreased by 18% compared to 2023, was able to signal a renewed trust.
Cross -chain activities and large purchases
Other blockchains have published mixed results. Collectors based in Bitcoin achieved a weekly volume of almost 26 million dollars. This is almost twice as high as the 11 million US dollars registered in early July.
The polygon trade made a slight retreat in the same period. These shifts indicate that interest spreads, but still focuses on large players.
In the meantime, CBOE BZX has submitted an application for a new ETF with Canarian capital. The move would hold Pengu token that are bound to the Pudgy Penguins collection.
Selected picture of Unsplash, Diagram from Tradingview
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