EtherRock NFT Purchased For $300,000 – Are NFTs Back?

The worldwide non-fungible token market is showcasing indicators of life once more this July, after a number of months of declining buying and selling actions. As a substitute of NFTs as a standing image and collector merchandise, they’re being adopted as instruments for loyalty packages, real-world asset tokens, and as part of Web3 gaming. In response to this renewed curiosity, buying and selling sale volumes have spiked above $25 million, and NFT customers have additionally began to buy NFTs that used to make headlines throughout the earlier historic 2021 bull run.

EtherRock NFT Bought For $300K

Information compiled by Etherscan, a famend blockchain explorer designed for the Ethereum chain, permitting crypto customers to view and analyze varied facets of the Ethereum blockchain, equivalent to NFT transactions, blocks, good contracts, and pockets addresses, confirmed that an nameless NFT holder bought his EtherRock NFT assortment. The EtherRock NFT #59 NFT assortment exchanged palms at 82.4 ETH or $300,000.

EtherRock 59 bought for $300,000 (82.4 ETH)

1 hr in the past (Jul-24-2025 12:40:23 PM UTC)

Txn: https://t.co/5GBOCBERJA pic.twitter.com/swMCeENuVs

— EtherRock (@EtherRock) July 24, 2025

Launched in 2017, an EtherRock NFT is a digital picture of a rock, tokenized as a non-fungible token on the Ethereum blockchain community. There are solely 100 EtherRock NFTs in existence, making them a scarce and collectible merchandise inside the NFT area. They’re thought of one of many earliest NFT initiatives, predating the ERC-721 customary. These NFTs do not need inherent utility past their collectible standing and are valued primarily for his or her historic significance and their shortage.

EtherRocks had been created throughout the infancy of NFTs, making them one of many first NFT initiatives on the Ethereum blockchain, alongside CryptoPunks. Their restricted provide contributes to their excessive worth, with some promoting for thousands and thousands of {dollars}. Immediately, proudly owning an EtherRock is seen as a standing image inside the NFT neighborhood, representing a bit of NFT historical past. Throughout the 2021 historic bull run, these NFTs made headlines after exchanging palms for thousands and thousands of {dollars}. On the time, an EtherRock NFT was bought for $1.3 million.

Are NFTs Again?

The resurfacing of veteran NFT collections like EtherRock and others brings again recollections of the historic 2021 NFT market bull run. In 2021, NFTs had been in all places, from pixelated Punks to Bored apes; they dominated headlines and drew billions in funding. By 2022, celebrities and types had been all in, shopping for JPEGs NFTs on the Ethereum blockchain community and even hyping metaverse actual property.

Throughout the 2021 NFT growth, the variety of web3 initiatives additionally skyrocketed, with greater than 1.5 million NFTs traded in a single month. The NFT bull run, remembered as a interval of intense development and hypothesis within the non-fungible token market, finally light as a result of a mixture of things, together with market saturation, lack of real-world utility, and a shift in investor sentiment.

Resulting from oversaturation, the NFT market turned flooded with NFT initiatives, resulting in a dilution of the preliminary perceived shortage and exclusivity. For the reason that preliminary hype was fueled by novelty and movie star endorsements, the NFT market struggled to maintain its momentum and finally light away. The reselling of EtherRock 4 years after the showcase reveals that the NFT market could possibly be gearing up for one more bull run, though not as sturdy because the historic 2021 bull run.

Associated NFT Information:

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