Whenever I’ve mentioned NFTs in these pages I’ve almost always talked about how stupid the whole concept is, but every time they manage to find some way to make the situation even stupider.
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The latest ridiculous scenario coming out of the market concerns NFTs of ClipArt of rocks that are going for anywhere between $3000 to $300,000. Yeah, you did read that last number correctly.
It’s kind of hard for me to explain this myself – mainly because it doesn’t make any sense to me – so here’s the official blurb from the EtherRocks website to try and wrap your head around it:
— Ozzy (@tomosman) August 13, 2021
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. This game is built entirely on the Ethereum blockchain, with a decentralized smart contract (deployed here) used to manage everything including the buying and selling of rocks, their prices and owners (though this website is still necessary so you can see pretty pictures of the rocks).
These virtual rocks serve NO PURPOSE beyond being able to be brought and sold, and giving you a strong sense of pride in being an owner of 1 of the only 100 rocks in the game 🙂
Lol their own website is even trolling people who are buying these silly rocks isn’t it? They literally serve no purpose and you can download pictures of them yourself very easily but people are still shelling out six figures to get the official NFT so they can say they own one of the official 100 rocks out there.
Can’t believe people are so dumb as to spend all that money on an ‘exclusive’ picture of a rock that they can download for free and just tell people it’s one of a hundred. I doubt anyone is actually gonna follow through on that and ask to see the official NFT certificate or whatever. It’s beyond my comprehension.
For more of the same, check out this girl who sold an NFT of her virtual love for $250,000. Which sucker bought that then?