Vitalik Buterin's fortune skyrockets as Ethereum price reaches $4534
A rising interest in NFTs and recognition by significant banks are driving the price of Ethereum upwards.
With momentum growing for Ethereum, the price of the cryptocurrency skyrocketed past $4,534 for the first time.
NFT fad puts Ethereum back on the map regardless of being seen as the "little sibling" of bitcoin.
Disney, PayPal, and Nestle are now valued lower than ETH.
Ethereum developer Vitalik Buterin, 27, a Russian-Canadian developer, is now worth more than $1 billion because of the huge rise in value.
The CNN report predicts Buterin will hold about $1.5 billion in ether, which would fetch him about 333,500 in his wallet.
NFTs, or nonfungible tokens, have actually gotten popularity in current months on United States markets.
Ethereum is the currency of option for lots of people who wish to buy NFTs. It is the cryptocurrency which shops information on a digital ledger, called a blockchain.
Among the initial prints sold for $700,000 in April was the picture that motivated the "Disaster Girl" meme.
Ethereum's price has actually climbed by astronomical percentages. In 2017, it was selling for $14, while in 2020, it will be worth $208.