- EtherRock #33 sells for 33 ether or $100K (approx.).
- The stones are collectible NFTs from one of the earliest NFT projects on Ethereum.
- So far, NFTs are notorious for ridiculously high prices, with the most expensive being worth $69 million.
The latest artwork to make it to the list of ‘Non-Fungible Tokens sold for outrageously high prices’ is the picture of a rock.
EtherRock #33, the JPEG of a grey-colored rock, has sold today for the amount of approximately 33 ether, the equivalent of $100,000. Notably, the rocks are one of the first crypto collectible NFT-type projects on the Ethereum blockchain. They launched shortly after CryptoPunks in 2017.
Owning up to their self-proclaimed title of ‘collectibles’, the scarcity of the rocks has pushed their prices very high. In fact, many NFTs have adopted a similar strategy to reach high prices.
For example, take Paris Hilton and Blake Kathyn, who worked together to launch the ‘Iconic Crypto Queen’ NFT. Paired with the tag line “(Virtual) blondes have more fun, right?”, the NFT’s value is $1.111211 million. Another is Quantum, by Kevin McCoy. He minted the first-ever NFT, Quantum, which is worth a whopping $1.58 million.
Finally,most expensive NFT to be sold ever: Beeple’s ‘Everydays—The First 5000 Days’. Christie’s auctioned the NFT, which sold for the mammoth price of $69 million, back in March.
The sudden rise in demand for EtherRocks comes during a late summer surge in the NFT market. The market produced $2.5 billion in transaction volume during the first half of 2021, but the hype around NFTs seemed to fade in late spring and early summer. Lately, however, transaction volumes are soaring and big-ticket sales have grabbed headlines again.
CryptoPunks has been one of the biggest beneficiaries of this year’s NFT boom, as the collection’s pixelated avatars have dramatically risen in value. The market floor for CryptoPunks hit $100,000 worth of Ethereum for the first time last week, and currently sits above $131,000 per creator Larva Labs’ official tracker.
There have been a few multi-million-dollar CryptoPunk sales in recent weeks, too, including one that sold for $5.4 million worth of ETH in late July, and another that Vaynerchuk bought for $3.7 million around the same time. Last week, a CryptoPunk that was last purchased for just $443 in 2018 sold for nearly $4.4 million worth of ETH.
Txn: https://etherscan.io/tx/0x8ae22c80f5ce6a4521dfc84e03ad7e95979a96721dd584baad80daee0817b1a9
other nft news First-generation Terra Virtua collectible permanently removed
