What we often see in the NFT industry is that uniqueness far outweighs complex design. And, that the mood of an era is often demonstrated with simple shapes and colours. Much like a Rothko painting that many interpret as “red splodges” on canvas, the value is in the eye of the beholder.
In much the same way, the NFT world has the EtherRock, a granite-themed token of varying degrees of grey. And yet, despite its simplistic design and distinct lack of function, it recently changed hands for an incredible $250,000. That’s right, a quarter of a million dollars for a digital rendering of a stone.
But all is not as it seems, the EtherRock has pedigree. This is no ordinary NFT rendering of a time worn boulder. Harking back to the early Punk-rassic period of NFT history, the EtherRocks were released to the world on Christmas Day 2017. As a result, the first was sold for 0.099 ETH, and the rest followed suit.
100 EtherRocks were minted, all exactly the same shape, but with varying hues from a very limited colour palette. Furthermore, 20% of those are assumed to have been lost to time, residing in dead wallets. What is left are some of the most valuable assets on the blockchain. As a result, the cheapest EtherRock on offer is now 79 ETH.
View the entire collection of EtherRocks >> Here
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*All investment/financial opinions expressed by NFT Plazas are from our site moderators’ research and experience and are intended as educational material only. Individuals are required to research any product before making any investment thoroughly.
Decentralised human, Explorer, Adventurer.