Latest Article EtherRock continues to set new all-time highs following record $836k sale
NFT project EtherRock has continued its recent record-breaking pace following the sale of EtherRock 27 for an incredible $836k.
The sale sets a new all-time high for the project and marks its impressive rise following the re-emergence of NFTs in the crypto space.
EtherRock project is one of the original projects launched in 2017 alongside CryptoPunks in 2017 on the Ethereum blockchain. Despite their simple appearance and reputation in the crypto space as a simple “rock.jpeg”, EtherRock’s value lies in its minimal intrinsic value and its scarcity.
The rocks themselves hold no inherent value other than their unique colour, with each one the same shape and size. However, only 100 EtherRocks were minted, which is the driving contributor towards both their value and popularity. As with any collectable item, the rarer and more scarce an item is, the more it’s worth.
It’s now estimated that around 20% of the original 100 rocks minted are in either dead wallets or have been forgotten about, which only adds to their popularity and scarce nature. The latest all-time high of EtherRocks smashes the previous record set just over a week ago when EtherRock #61 was purchased for $250k. Since then, both the all-time high and price floor have continued to rise at an exponential rate.
