Ethereum Co-Founder Vitalik Buterin Bridges 32 ETH To Buy 400 Patron NFTs

Updated: 19 November 2024

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The non-fungible token market continues to regain momentum, with businesses, institutions, and notable investors shifting their focus back to this burgeoning sector. In an interesting incident, Vitalik Buterin, the co-creator of the Ethereum crypto and its blockchain network, has bridged 32 Ether from Ethereum to the Base Layer 2 blockchain network to buy some NFTs during this Trump NFT market surge.

Ethereum Co-Founder Acquires Additional 400 Patron NFTs

In a November 19 blog post, Peckshield, a renowned blockchain security and data analytics company, confirmed that Vitalik.eth, a crypto wallet address affiliated to Vitalik Buterin, the co-creator of the Ethereum crypto ecosystem, has bridged 32 Ethereum worth around $100,000 from Ethereum to Base. The Vitalik.eth labeled crypto address has utilized the liquidity to buy 400 Patron NFTs.

#PeckShieldAlert vitalik.eth labeled address has bridged 32 $eTH from #Ethereum to #Base & minted 400 PatronNFT pic.twitter.com/z2R9r7JCP8

— PeckShieldAlert (@PeckShieldAlert) November 19, 2024

Ethereum co-founder Vitalik Buterin’s NFT acquisition appeared less than a month after he joined with other investors to raise more than $67 million for Infinex through a similar Patron NFT buyout. The Infinex Patron NFT collection is a non-fungible token series featuring a limited edition of 100,000 NFTs hosted on the Ethereum blockchain network.

During its previous funding, Infinex sold Patron NFTs to venture capitalists, angel investors, and the crypto communities. The venture capital firms that participated in the NFT sale included Fund Founder, a San Francisco-based venture fund backed by Billionaire Peter Thiel that invests in revolutionary technologies. Peter Thiel is a renowned entrepreneur, venture capitalist, and co-founder of PayPal.

Other venture capital companies that participated in the Infinex NFT sale included Wintermute Ventures, Framework Ventures, and Solana Ventures. Notable angel investors like Ethereum co-founder Vitalik Buterin, Solana co-founder Anatoly Yakovenko, and Aave founder Stani Kulechov also bought a share of Patron NFTs. At the time, the NFT sale raised Infinex’s total value to $125 million.

Buterin NFT Acquisition Shows That NFTs Are Reviving

During the NFT auction, Infinex successfully sold over 43,000 Patrons NFTs across the Base, Ethereum, Solana, Arbitrum, Polygon, and Optimism blockchain networks. These NFTs were distributed to purchasers on the Ethereum blockchain and are now available for resale via the OpenSea and Blur NFT marketplaces. Vitalik Buterin’s investment in Patron NFTs shows the market is finally reviving a brutal meltdown in the past several months.