Are NFTs Back? Vitalik Buterin Mints 400 PatronNFT 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?