Ethereum has just marked 10 years since its launch. It rolled out a symbolic NFT called “The Ethereum Torch” to honor its community.
The token will travel from one wallet to another day by day. Then it will be burned to make way for a fresh celebratory NFT that anyone can mint for free.
After 24 hours in his wallet, the torch moves on. It will spend 10 days hopping across a selected list of community members. Based on reports, each handover is chosen to show off the network’s global reach.
0/ The Ethereum Torch is now lit.
The Torch is an NFT honoring the people and values that have shaped Ethereum’s first decade and will help build its future.
The torch will wrap up its journey on July 30, when the Foundation plans to burn the NFT. That burn is meant to close out one era of the network and launch the next.
After the burn, a brand new torch will be freely claimable through the official Ether website, giving more people a piece of the celebration.
Ethereum projects accounted for about $75 million of that sum. That represents a 300% jump from figures two weeks earlier.
The spike arrived alongside a 50% rise in ETH price since July 6. Collectors and traders are turning back to digital art and collectibles in growing numbers.
Based on reports, this uptick could signal renewed confidence after a weak 2024, when NFT trading fell 18% compared to 2023.
Other blockchains posted mixed results. Bitcoin‑based collectibles hit almost $26 million in weekly volume. That’s nearly double the $11 million registered in early July.
Polygon trading made a slight retreat during the same period. These shifts suggest interest is spreading but still centers on major players.
Featured image from Unsplash, chart from TradingView
