After the sudden popularity of dogecoin (DOGE), investors have found an even stranger craze : they are now ready to give huge sums for cartoonish images of rocks. These drawings were published on the Ethereum blockchain in 2017.
Here is Tron founder and CEO Justin Sun announcing that he has become owner of EtherRock 87. The purchase of one of the hundred drawings in the series cost him $ 611,170. That’s about the price of a family home in Denver. Today, the minimum price for a JPEG image of the gray rocks has increased to 1 million dollars.
Sun has updated its Twitter avatar with the image of a piece of rock with laser eyes. Subsequently, many users pointed out that the cryptocurrency industry is far removed from the rest of the world.
Sun has repeatedly boasted about his financial well-being. For example, in February 2020, he paid $ 4.5 million for a dinner with Warren Buffett, founder of the investment company Berkshire Hathaway. He was also so eager to make headlines that he was willing to pay a record sum for Beeple’s NFT, but his offer was outbid. Subsequently, the leader of Tron repeatedly tried to gain notoriety by acquiring NFT works of art, but this did not cause great interest.
In fact, the owners of the EtherRock collection, whose popularity is constantly growing, pay tribute to the owner of the advertising agency Gary Dahl. It was he who in 1975 made an impressive fortune selling stones to people as pets. He managed to do this thanks to his excellent marketing skills.
The strange new craze for rock photos is mostly reserved for a group of crypto magnates looking to increase their already exorbitant wealth. Many of them are convinced that buying an NFT image will be the best investment of their lives.
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