Clip arts of “an Ether rock NFT” sold for 400 ether, or about $1.3 million, late Monday afternoon of 23rd August 2021. The transaction marks the latest sale of EtherRock, a brand of crypto collectible that’s been around since 2017 – making it one of the oldest non-fungible tokens (NFTs) on the block.
Ether Rock NFT is, as the name implies, a JPEG of a cartoon rock built and sold on the Ethereum blockchain. There are only 100 out there, and that scarcity is part of what’s driving up its value.
SO, WHAT ARE THESE ROCK PICS GOOD FOR?
According to the official EtherRock website, “These virtual rocks serve NO PURPOSE beyond being able to be brought and sold, and giving you a strong sense of pride in being an owner of 1 of the only 100 rocks in the game :).”
Following this latest sale, they raised the new price floor for an EtherRock NFT to $1.02 million.
The massive surge in sales price coincides with a broader tide in NFTs, which are blockchain-based tokens signifying ownership of a digital asset. For example, some people buy digital images of apes and change their Twitter images to represent membership in the Bored Ape Yacht Club.
WHAT’S THIS MADNESS FOR NFTs AND HOW DO I MAKE OF IT
Considering the mouthwatering sales recorded on NFT marketplaces, we must understand why. Aren’t these NFTs just raw JPEGs? Why would anyone want to pay so much for them?
Ether rock NFTs launched in 2017, during the early days of NFTs on the Ethereum blockchain. Following quickly behind crypto punks, the first NFT to throw on the public marketplace, Ether Rocks, is considered a symbol of NFT history.
The name Ether Rock signifies the pillars of NFT adoption on global markets. In the future, the few holding these rocks will have bragging rights over its history.
Popular YouTuber Logan Paul has weighed in on this ideology spending a massive sum of Rs 85 Lakh on NFT Rocks, Referring to them as elements of ‘Digital History’. He believes that NFTs are an indelible mark on our digital future.
Ether rocks have continued to gain traction and see a massive hike in sale price amid global demand.
Popular YouTuber Logan Paul Spent Rs 85 Lakh on NFT Rocks, Calls Them ‘Digital History’ just a few days ago.
GET YOURSELF SOME NFTS (HOW TO EARN NFTS)
Eager to explore this world of digital assets?
There are a few ways to get your hands on some digital collectibles;
- Mint some art as NFT: you can mint your NFTs on popular marketplaces like opensea.io and rarible.com.
- Buy some from open sales: you can purchase rare artworks as NFTs on Opensea and rarible, log in with your metamask wallet and join an auction.
- Airdrops: another way to grow your collection are airdrops. Most new projects airdrop NFTs to grow their community and donate to the public.
BLOCVERSE CRYPTO RUNES PROJECT
Blocverse CryptoRunes NFT Project is a new project built on an African digital metaverse.
Each rune token is a unique Identity in the African digital ecosystem. Individuals will earn access to this new world based on their knowledge of past African history and events.
only with solid knowledge of the past shall you enter the future
This project aims to encourage and promote African arts and culture through blockchain solutions. Only individuals who pass the knowledge test will be admitted into the new world.
Learn more about our CryptoRune Project. Visit our blog