Ethereum has simply marked 10 years since its launch. It rolled out a symbolic NFT known as “The Ethereum Torch” to honor its neighborhood.
The token will journey from one pockets to a different day-to-day. Then it is going to be burned to make manner for a contemporary celebratory NFT that anybody can mint at no cost.
Ethereum Torch Tour Highlights Neighborhood Spirit
Based on the Ethereum Basis’s X account, Joseph Lubin, a co‑founding father of Ethereum and founding father of ConsenSys, will kick off the torch as its first holder on July 21.
After 24 hours in his pockets, the torch strikes on. It’ll spend 10 days hopping throughout a particular checklist of neighborhood members. Based mostly on experiences, every handover is chosen to point out off the community’s international attain.
0/ The Ethereum Torch is now lit.
The Torch is an NFT honoring the folks and values which have formed Ethereum’s first decade and can assist construct its future.
Will probably be symbolically handed from pockets to pockets within the 10 days main as much as Ethereum’s 10 yr anniversary. pic.twitter.com/nEIY8JOIna
— Ethereum (@ethereum) July 20, 2025
The torch will wrap up its journey on July 30, when the Basis plans to burn the NFT. That burn is supposed to shut out one period of the community and launch the following.
After the burn, a model new torch might be freely claimable by way of the official Ether web site, giving extra folks a chunk of the celebration.
NFT Market Sees Notable Revival
On‑chain information reveals a pointy rebound in NFT buying and selling. Complete weekly gross sales throughout all blockchains topped $110 million final week.
Ethereum initiatives accounted for about $75 million of that sum. That represents a 300% soar from figures two weeks earlier.
The spike arrived alongside a 50% rise in ETH value since July 6. Collectors and merchants are turning again to digital artwork and collectibles in rising numbers.
Based mostly on experiences, this uptick may sign renewed confidence after a weak 2024, when NFT buying and selling fell 18% in comparison with 2023.
Cross‑Chain Exercise And Large Purchases
Different blockchains posted combined outcomes. Bitcoin‑primarily based collectibles hit nearly $26 million in weekly quantity. That’s almost double the $11 million registered in early July.
Polygon buying and selling made a slight retreat throughout the identical interval. These shifts counsel curiosity is spreading however nonetheless facilities on main gamers.
In the meantime, Cboe BZX has filed an utility for a brand new ETF with Canary Capital. The transfer would maintain PENGU tokens tied to the Pudgy Penguins assortment.
Featured picture from Unsplash, chart from TradingView
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