Is the NFT Craze Returning? Vitalik Buterin Creates 400 PatronNFTs on Base

OnChain Lens, an on-chain analyst, claimed that Vitalik Buterin, the founder of Ethereum, made news with NFT activity. Vitalik minted 400 Patron NFTs after bridging 32 ETH from the Ethereum blockchain to Base. 

Patron NFT project is associated with the Truemarkets Fair launch event, in which over 40% of the TRUE token supply will be distributed to Patron holders during the token generation event (TGE).

There are a total of 15071 Patron NFTs available for sale with the minting price of 0.08 ETH per. Each NFT holder will be eligible to receive 666.67 TRUE tokens per NFT.

As the crypto market seems extremely bullish currently, there is hope that the NFT trend like 2021 can return. It was a golden era of the NFT universe when a single NFT from famous collections like Bored Ape Yacht Club (BAYC) sold for millions of dollars. 

Vitalik Buterin’s Influence Bring NFT Trend Return?

The concept of NFT became exceptionally popular during 2021 and 2022. Unfortunately, the hype died after catastrophic events in the crypto market in 2022. This fall has washed out lots of NFT projects and dropped their market caps horribly. 

However, some experts call it a “bubble burst,” which was most needed to curb hype about nugatory projects. They believe that the trend will return with more robust and sustainable NFT projects. For example, brands like Nike and Puma are now leveraging NFTs to promote their new shoe collection. 

In the last 24 hours, a 25.72% hike was seen in Ethereum’s NFT sales volume. On the other hand, the Solana blockchain has also experienced an 8.14% jump. However, Bitcoin’s NFT sales volume is still going downward, with a 24.79% drop.

Will Vitalik’s activity with PatronNFT help the overall industry gain mainstream adoption once again?

Also Read: NFT Market Cap Surges 11% Amidst Crypto Rally Driven by Trump Re-Election

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