With the $ETH price rising by over 57.5% and 436.2% in the past one-month period and year-to-date (YTD) periods respectively, it is no wonder that this kind of price action is only helping to increase Ethereum’s appeal.
According to data by TradingView, on crypto exchange Bitstamp, currently (as of 16:26 on September 4), $ETH is trading around $3,921.00, less than 6.6% from its all-time high of $4,179.47, which was reached on May 11.
On Friday (September 2), Oscar winning American actress Reese Whiterspoon delighted the crypto community on Twitter by revealing that she had just bought some $ETH for the first time.
And yesterday (September 3), Playboy (NASDAQ: PLBY), which entered the crypto art world on April 6 by saying that it had formed a partnership with the Gemini-owned Ethereum-powered NFT marketplace NiftyGateway “to create a series of Playboy x Nifty digital art collaborations”, also had its own Ethereum-related announcement.
In that April 6th press release, Playboy said that the “Playboy x Nifty relationship” would “focus on three key areas: artist collaborations with Playboy’s vast art and photography archive, an ongoing effort to incubate and commission new artist NFT works including providing grants specifically designed to support emerging and underrepresented artists entering the NFT art community, and the curation and sales of Playboy’s iconic art collection in NFT form.”
Well, yesterday, Playboy said that to celebrate $ETH’s performance, it had decided to mint its latest NFT (its “interpretation of @TonyKellyWorld‘s iconic 2013 cover”) on Ethereum-powered NFT marketplace SuperRare.
Although all of the above is interesting, something much more significant happened yesterday: for the first time since August 5 — which is when the London hard fork got activated on the Ethereum mainnnet and EIP-1559 went live — the amount of $ETH burned on September 3 exceeded the amount of $ETH that was issued as block subsidies.
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.
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