24/08/2021 Somebody just paid $1.3 million for a picture of a rock

Clip art of a rock just sold for 400 ether, or about $1.3 million, late Monday afternoon. 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.

EtherRock 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 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, the new price floor for an EtherRock NFT has been raised to $1.02 million. Two days ago, the cheapest rock went for $305,294. Two weeks ago, it was $97,716.

The run-up in sales price coincides with a wider surge in NFTs, which are blockchain-based tokens signifying ownership of a digital asset. For example, some people are buying digital images of apes and changing their Twitter images to signify membership in the Bored Ape Yacht Club.

Following a dip in demand this spring, the overall NFT market staged a massive comeback, starting at the end of June.

For instance, NFT marketplace OpenSea surpassed $1 billion in monthly trading volume in August, according to data compiled by The Block, up 286% from July.

Even Visa has jumped into the NFT craze. The payments processor announced Monday that it had spent $150,000 in ether on a “CryptoPunk” – one of thousands of NFT-based digital avatars.


Visa’s CryptoPunk purchase is another example of a Fortune 500 racing to incorporate NFTs into their marketing strategy,” said Scott Spiegel, co-founder at BitBasel, a Miami-based blockchain start-up. “Brands such as Taco Bell, Pizza Hut, and Pringles have released NFTs of their own, but Visa’s purchase marks the largest investment in the space to date.”



Interesting NFTs
Welcome to DΞSTINATION HΞXAGONIA. This NFT comes with a full length audio visual experience of one hour which we have carefully created over the course of the last twelve months. You will receive a unique hand-crafted box, which includes a harddrive that contains the only copy of the high-quality file of the film, making it a truly unique art piece. Welcome to the FUTURΞ.
Pump, dump and bump Banksta to death. Demon or dead normal? Print fiat at will. What more do you want?
Flat Planet (Table)
MISHA KAHN (B. 1989) Flat Planet (Table) Printable 3D model (FBX with vertex colors) together with an MP4 (00:00:08 seconds, 2048 x 2048 pixels) Executed in 2021. This work is unique and is sold as a non-fungible token. token ID: 25589172339488513184097753251259367849292773157707017705630314472833835597825 wallet address: 0x3892f55253893325771bcebda2aaacdd5c793c4c smart contract address: 0x495f947276749Ce646f68AC8c248420045cb7b5e
Artist notes: the halving ceremony is the most unusual part of modern bitcoin production in which the owners bet on how efficiently an alpha can inseminate the market.
Rogue Society Bots #10097
Rogue Society Bot is a collection of 15,777 unique Rogue Bot NFTs— unique digital collectibles living on the Ethereum blockchain. Your Rogue Bot doubles as your Rogue Society membership card, and grants access to members-only benefits and experiences. Future perks can be unlocked by the community through roadmap activation. Visit www.roguesociety.io for more details.