Image via EtherRock
Last week, a non-fungible token (NFT) of rock clipart sold for
over US$300,000 as part of the new
EtherRock craze.
The best part? There’s nothing unique about the clipart at all. In fact, the illustration can be downloaded directly from royalty-free clipart platform
Clipart Library.
In just the last two weeks, the price of
EtherRock has jumped by 900%, with the latest selling for a whopping US$608,000. Going forward, sellers are hoping the clipart rock NFTs can break the million mark, with the cheapest rock currently available for US$1 million.
In total, there are 100 rocks available, created in 2017 for an NFT project ahead of its time. The project was inspired by the Pet Rock craze of the 70s, just repackaged for the 21st century in digital form. All the rocks appear the same, with some painted in different colors.
If there’s nothing special about these rock illustrations, why are investors dropping over half a million dollars on one?
Andrew Kang, an NFT collector, told
Decrypt: “For some NFTs, you can make the argument that they are aesthetically pleasing, they have an amazing origin/generative story, they can be used in a game, etc. None of these are currently the case for rocks.”
According to Kang, that’s exactly what makes these rocks “so desirable in the first place.”
“The ownership of something so utterly useless is a quintessential example of a flex.”
Well, if you’d thought the rocks held a deeper meaning, they really don’t. On the project’s site, the rocks are labeled as serving “no purpose beyond being able to be brought [sic] and sold, and giving you a strong sense of pride in being an owner of 1 of the only 100 rocks in the game.”
Buying into the hype? Check out the
EtherRock official site
here.
[via
Decrypt, cover image via
EtherRock]