Ethereum Co-Founder Vitalik Buterin Acquires Additional 400 Patron NFTs

The non-fungible token market continues to regain momentum, with businesses, institutions, and notable investors shifting their focus back to this burgeoning sector.

The non-fungible token (NFT) market is regaining momentum as businesses, institutions, and notable investors shift their focus back to this burgeoning sector. In an interesting incident, Vitalik Buterin, the co-creator of the Ethereum (CRYPTO: ETH) 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.

Buterin's NFT acquisition comes less than a month after he joined other investors to raise over $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 Infiex 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 brought Infiex's total valuation to $125 million.

Buterin's NFT Acquisition Shows That NFTs Are Reviving:

During the NFT auction, Infinex managed to sell over 43,000 Patrons NFTs across the Base, Ethereum, Solana, Arbitrum, Polygon, and Optimism blockchain networks. These NFTs were then airdropped to buyers on the Ethereum blockchain and are now available for resale via the OpenSea and Blur NFT marketplaces. Vitalik Buterin's investment in Patron NFTs suggests that the market is finally showing signs of recovery following a brutal sell-off over the past several months.