One of the most expensive NFTs in the world has just been sold for a staggering amount of cryptocurrency. EtherRock, a digital collectible that represents a virtual rock, was purchased for 150 ETH, or about $600,000 at the time of writing. This is the second-highest sale price for an EtherRock, following a record-breaking deal of 400 ETH in August.
EtherRock is one of the oldest NFT projects on the Ethereum blockchain, launched in 2017. There are only 100 EtherRocks in existence, and each one is unique in its shape and color. The scarcity and the historical significance of these digital rocks have made them highly sought-after by collectors and investors.
The buyer of the 150 ETH EtherRock is a mysterious entity known as “0x6f”. According to their Twitter profile, they are “a collector of rare digital art and NFTs”. They also own several other valuable NFTs, such as CryptoPunks, Bored Ape Yacht Club, and Art Blocks. They have not revealed their motivation for acquiring the EtherRock, but some speculate that they are either a fan of the project or a savvy investor who sees potential for future appreciation.
Tekedia Mini-MBA edition 14 (June 3 – Sept 2, 2024) begins registrations; get massive discounts with early registration here.
Tekedia AI in Business Masterclass opens registrations here.
Join Tekedia Capital Syndicate and invest in Africa’s finest startups here.
EtherRock is not the only NFT project that features rocks as its theme. There are also CryptoRocks, MoonRocks, and EtherStones, among others. However, EtherRock is widely regarded as the original and the most prestigious one. The creator of EtherRock, who goes by the pseudonym “Snowfro”, has said that he was inspired by the Pet Rock craze of the 1970s, when people bought ordinary rocks as pets.
The sale of the 150 ETH EtherRock is another example of how NFTs have revolutionized the digital art and collectibles market. NFTs are unique tokens that can represent any form of digital content, such as images, videos, music, or games. They can be verified and traded on a blockchain, ensuring their authenticity and ownership. NFTs have created new opportunities for artists and collectors to express themselves and to monetize their creations.
Boogle #046 sells for 3069 SOLANA.
Boogle #046 is one of the most sought-after NFTs in the Solana ecosystem. It features a cute and colorful creature with a unique combination of traits, such as a rainbow mohawk, a monocle, and a bow tie. Boogle #046 is part of the Boogle collection, which consists of 10,000 randomly generated pixel art images stored on the Solana blockchain. Each Boogle has its own personality and rarity and can be used as a digital collectible or a gaming avatar.
The Boogle collection was launched in October 2023, and sold out in less than an hour. The initial minting price was 1 SOL per Boogle, but the secondary market prices have skyrocketed since then. According to SolAnalysis, the average sale price of a Boogle is currently 125 SOL, with some rare ones fetching over 1000 SOL.
Boogle #046 is one of the rarest and most valuable Boogles in existence. It belongs to the legendary tier, which has only 100 Boogles in total. It also has a special background color that is exclusive to Boogle #046. According to the official Boogle website, the background color represents the “spirit of adventure and exploration”. Boogle #046 is also the only Boogle that has a rainbow mohawk, which adds to its uniqueness and appeal.
Boogle #046 was recently sold for a record-breaking price of 3069 SOL on SolSea, the leading NFT marketplace on Solana. The buyer was an anonymous collector who goes by the name of “SolSurfer”. The seller was “BoogleFan”, who had acquired Boogle #046 from the original minting event. The transaction was verified by SolanaScan, the blockchain explorer for Solana.
The sale of Boogle #046 is a testament to the popularity and potential of NFTs on Solana. Solana is a fast, scalable, and low-cost blockchain platform that enables innovative and creative projects like Boogle to thrive. Solana also has a vibrant and supportive community of developers, artists, collectors, and enthusiasts who are passionate about NFTs and the future of digital art.
Ordinal inscription #8 sells for 10.6 BTC approximately $460,000
A rare piece of digital art history was auctioned off today for a staggering amount of cryptocurrency. The ordinal inscription #8, one of the earliest examples of non-fungible tokens (NFTs) CryptoPunk, fetched 10.6 bitcoins, which is equivalent to about $460,000 at the current exchange rate.
The ordinal inscription #8 is a unique digital artwork that consists of a series of numbers and letters engraved on a black background. The inscription represents the hexadecimal code of the NFT, which is stored on the Ethereum blockchain and can be verified by anyone. The Lava Labs, who is also the creator of the popular CryptoPunks collection, made only 10 ordinal inscriptions in 2017, making them extremely scarce and valuable.
The auction was held on the online platform OpenSea, which specializes in NFTs and other digital collectibles. The bidding started at 1 bitcoin and quickly escalated as several collectors competed for the rare item. The final bid was placed by an anonymous buyer with the username “OrdinalFan8”, who now owns the eighth ordinal inscription ever made.
One way to measure Bitcoin’s market performance is to use ordinal inscriptions, which are numerical labels that rank items according to some criterion. For example, one can use ordinal inscriptions to rank the top 10 cryptocurrencies by market capitalization, or the top 10 countries by Bitcoin adoption. Ordinal inscriptions can provide a simple and intuitive way to compare and contrast different aspects of Bitcoin’s market performance, as well as to identify trends and patterns over time.
However, ordinal inscriptions also have some limitations and challenges. For one thing, ordinal inscriptions do not reflect the magnitude or the direction of the differences between the items. For example, if Bitcoin is ranked first by market capitalization, it does not tell us how much larger it is than the second-ranked cryptocurrency, or whether its market share is increasing or decreasing.
Moreover, ordinal inscriptions can be sensitive to the choice of criterion and the method of ranking. For example, if we rank cryptocurrencies by market capitalization, we may get a different result than if we rank them by trading volume or price. Similarly, if we use different sources of data or different time frames, we may get different ordinal inscriptions for the same items.
Therefore, ordinal inscriptions are useful tools to measure Bitcoin’s market performance, but they should be used with caution and context. They should not be taken as absolute or definitive indicators of Bitcoin’s value or potential, but rather as relative and descriptive measures that can help us understand and analyze Bitcoin’s market performance from different perspectives.
The sale of the ordinal inscription #8 is a testament to the growing popularity and demand for NFTs, which are digital assets that can be authenticated and owned by their holders. NFTs have been used to create and sell various forms of digital art, such as images, videos, music, games, and even tweets.
Some of the most notable NFT sales include Beeple’s “Everydays: The First 5000 Days”, which sold for $69 million, Jack Dorsey’s first tweet, which sold for $2.9 million, and CryptoPunks #3100 and #7804, which sold for $7.6 million each.