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Ethereum Marks 10 Years with Symbolic NFT Torch Amid Market Surge.

● Ethereum launched a symbolic NFT torch to celebrate 10 years, transferring it wallet to wallet for 10 days until July 30.

● NFT market activity on Ethereum surged 300 percent, reaching $75 million in volume, marking a strong market recovery.

● A single buyer spent $8.5 million on 48 CryptoPunks, signaling increased institutional interest in high-value digital collectibles.

Ethereum is marking its 10th anniversary by launching a commemorative non-fungible token named “The Ethereum Torch.” The initiative, led by the Ethereum Foundation, began on July 21 with co-founder Joseph Lubin receiving the torch as its first holder. Each day, the NFT is passed from one wallet to another until July 30, highlighting Ethereum’s global developer community.

The commemorative NFT will not trade on the exchange sites such as OpenSea. It is rather the community representation. The token will permanently be burned on July 30. Such a move is the representation of the end of the first stage of Ethereum and the start of the next one. After the burn, a new NFT will be possible to freely mint using the official Ethereum platform.$BNB