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What on earth: A NFT showing a picture of a rock just sold for 139 ETH valued at $235,271

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What on earth: A NFT showing a picture of a rock just sold for 139 ETH valued at $235,271

Someone purched EtherRock 30 for 139 Ethereum today, which at the time of buying the picture of the rock, was is valued at around $235K. The transaction fee was $6,22 (0.003672481899086462 ETH). The NFT looks like this:

https://preview.redd.it/xltuww0u1mia1.png?479&format=png&auto=webp&s=e0b4c6da7fdb757a96ff3443bd7c13e18ed372b3

The transaction details can be found on Etherscan @ https://etherscan.io/tx/0x7d2478ea626a222c5cfb4ddea179ca2f3023af2db5ba85f5843e54eb5e10adca. But here's a picture for your convenience:

https://preview.redd.it/1nnhbuc81mia1.png?1391&format=png&auto=webp&s=6f68359ba1a1286e1af0e5acdf7944a257f9278a

What is Ether Rock you ask? Well, according to their website: "Launched in 2017, EtherRock was one of the first crypto collectible NFT-type projects on the Ethereum blockchain, having launched shortly after CryptoPunks. Only 100 rocks can ever be available, and each new virgin rock gets more and more expensive."

Why on earth would someone spend so much money on a picture of a rock? Please explain it to me. Reminds me of the bull run, with green on the charts and crazy amounts of money being spent on NFTs.

submitted by /u/Beyonderr
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