NFTs seem to be following ETH back on the road to 4000 USD, as the long-established blue-chip NFTs have thawed and revived from an 18-month ice age.

Among them, the CryptoPunks NFT series had a trading volume of over 24.6 million dollars last week, setting a record high since March 2024, an increase of 416% compared to the previous week.
On the evening of July 24, Nasdaq-listed company GameSquare announced that its board of directors has approved a strategic purchase of CryptoPunk #5577 from Robert Leshner, the founder of the DeFi protocol Compound and CEO of Superstate. According to the terms of the acquisition agreement, GameSquare issued $5.15 million in preferred stock to Robert Leshner, which can be converted into approximately 3.4 million shares of GameSquare common stock at a price of $1.50 per share.

This move has sparked a trading frenzy for CryptoPunks NFTs, with significant increases in the floor price and average selling price of CryptoPunks. As publicly listed companies become the main force in hoarding coins, NFTs also seem to be "rescued" through corporate entities.