Ethereum Pet Rock NFTs are being sold for more than $100,000

Ethereum Pet Rock NFTs are being sold for more than $100,000

EtherRock is a series of 100 NFT rock pictures minted on the Ethereum blockchain. They all have the same design, except for color variations, and they are inspired by the famous Pet Rock toy trend that blew up at the end of 1975. But they are not fresh nor intended to wink into the frenzy of NFT this year. Although it was released for the first time toward the end of 2017.

But at the time, they were not popular. And most NFTs have been unclaimed for years. Since last week, the neglected early NFT project was found and steamed as Ethereum users minted the leftover pebbles. Even investor, influencer of the social media, and NFT entrepreneur Gary Vaynerchuk tweeted about the advantages of an early NFT project in the additional value.

Secondary prices now go through the roof. Over the weekend, two Ether Rocks sold Ethereum valued at over $100,000, including EtherRock #21, which sold on Sunday for 45 ETH (or $135.240). In addition to the verified sales of the $100,000 threshold. The cheapest EtherRocks on the market are now barely under that amount.

NFT’s Boom Over the Years

An NFT serves as an act of ownership for a digital object. Whether it’s a video clip, digital artwork, or a rock sketch. Although some NFTs include extra functional tools such as interactive video game objects, they don’t have EtherRocks.

“These virtual rocks serve NO PURPOSE beyond being able to be [bought] and sold, and giving you a strong sense of pride in being an owner of 1 of the only 100 rocks in the game, ” reads the official website.

CryptoPunks was one of the greatest benefactors of this year’s NFT boom. As the pixelated avatars of the collection have increased significantly. CryptoPunks’ market floor touched Ethereum for the first time last week at $100,000 and is now above $131,000, according to the Larva Labs official tracker.

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A trader himself, Rossi has 7 years of experience trading in the forex market and the passion for writing has brought him to Newscrypto. He is the perfect combination of market knowledge and writing skills, making him one of the most sought-after writers on cryptocurrency.