Ethereum Rock JPEG Sells for $600K as NFT Frenzy Continues | Crypto Craft

  • Ethereum Rock JPEG Sells for $600K as NFT Frenzy Continues

    From decrypt.co

    $608,000 for a picture of a rock might sound too wild to be real. But today, one crude illustration from NFT project EtherRocks sold for just that. Now sellers want even more for the flashy JPEGs. The cheapest pet rock sells for $1 million. Just yesterday, the cheapest rock was priced at $305,000, and only two weeks ago, one sold for $100,000. tweet The buyer of yesterday’s cheapest rock could have made $400,000 if they sold at today’s market rate. The rocks are NFTs, or non-fungible tokens: blockchain-based tokens that demonstrate ownership over digital items, such as images or video files, or physical assets. ... (full story)

Comment Options
deuce
Aug 22, 2021 9:40pm
Permalink
Blockchain will change the world...Buying pictures of rocks for half a million dollars. PT Barnum would be so proud.
Reply
Trader#054E
Aug 22, 2021 9:26pm
Permalink
Smells like laundering in the old art market: put up shitty paiting. Overpay wildly for it via an ‘anonymous’ purchaser. (Which is really you double blind over a vpn and tor). Claim your income as clean funds for your shitting painting. Pay income taxes in it. Boom clean cash. Rinse repeat.
Reply
Trader#054E
Aug 22, 2021 9:57pm
Permalink
I want to believe theres so much money slushing around from qe that its real and someone truley made half a mil on such a stupid endevor. But common sense tells me moneys getting washed. And fuck tons of it
Reply
  • Story Stats