The stone is a rudimentary element that has been on planet Earth since the beginning of time. In fact, it is even difficult to think of our ancestors without visualizing some rocky structure in their hands or surroundings. However, the most advanced technology has been linked with this element recently and not in any way, but through one that moves millions.
To the surprise of many, the non-expendable digital rock image tokens have now grown in value. As the CriptoNoticias Criptopedia indicates, these tokens are unique, unrepeatable and rare, which can eventually lead to a sharp rise in their price when demand grows.
The curious thing is not only that the “work of art” is a stone with a white background, but the fact that are being sold by the thousands and even millions of dollars. This Monday, August 23, one of these digital pieces was sold for USD 1.293 million, and there are already others that are sold for almost double that value.
What is EtherRock?
EtherRock is a platform created in 2017 in which 100 units of these NFTs are sold. The description of the project explains that it is a “game” that can be accessed using a plugin like Metamask and, of course, having ethers (ETH), the cryptocurrency used to trade the stones, in an Ethereum address .
Once this is done, the user will see information on each of the stones on the EtherRock page; In addition, you will be able to know if it is for sale or not. This is the main purpose of the page, its developers detail, since the system itself is based on a smart contract on the Ethereum network.
EtherRock’s NFTs were released shortly after the famous Cryptopunks, which are also sold at high prices today. Perhaps this age is one of the factors that lead to these tokens being appreciated, given that Rarepepes, the oldest NFTs, are also among the most valued today.
Another cause of their high price may be shortages. This is a characteristic that is repeated among NFTs, as shown mentioned earlier, but it is accentuated in cases like EtherRock, as there are only 100 units available. Of course, the rocks are used for nothing more than collecting them and, if necessary, selling them.
The high value of EtherRock’s NFTs
The EtherRock Price Twitter account provides detailed information on the operations carried out around these non-fungible tokens. In addition, they update the prices of the available units each time they vary and specify the code for each operation.
This account reported last 22 August that a stone , number 87, was bought for 187 ETH . At the time of closing this note, that sum is equivalent to USD 604,571 according to the CriptoNoticias price index.
