A Year After, Where are EtherRock NFTs Now?

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The crypto winter is continuing to freeze many non-fungible tokens (NFTs), this general plunge in the crypto market shows no signs at ending soon.

A perfect example is the NFT collection EtherRock NFTs, that witnessed some of its NFTs sell for $1.8 million last year and today is worth a fraction of their former value. 

Many of the best offers on OpenSea for EtherRocks are now in the hundreds or thousands of dollars.

EtherRock NFT collection built and sold on the Ethereum blockchain. It was launched in 2017 inspired by the Pet Rock trend from the 1970s, making it one of the oldest NFTs in the short history of the crypto industry.

EtherRock NFTs were simply a tokenized JPEG photo of a carton rock. The NFT project had a limited collection of 100 NFTs. However, its limited edition drove its price up and led to a massive surge in its adoption in the NFT market last year.

The Fall Of EtherRock NFTs

EtherRock became popular last year during the crypto market hype and the NFT mania that lead to the success of many digital assets 

Late in the year, the flagship crypto Bitcoin (BTC) reached above $69,000, while its second-largest crypto asset Ethereum (ETH) sold above $4,800.

EtherRock NFTs as at August of last year sold in the six and seven figures. Amazingly, even its cheapest rock sold at $305,294.

NFT Market Health Today

DappRadar said Bored Ape Yacht Club (BAYC) is the best-selling NFT collection today a year on from NFT winter.

According to 24 hour trading volume, ImmutaSwap.io NFTs and Mutant Ape Yacht Club (MAYC) NFT collection follow that in the top five list.

MoonPudgy NFTs collection and Pudgy Penguins NFTs newly introduced into the crypto market and have remained among the top ten best selling list. Despite the recent crypto meltdown,one of Pudgy Penguin’s rare NFTs spiked more than 70%, selling for over $600,000 at the beginning of this week.

Another collection ,Tamadoge (TAMA) is a meme-themed token recently making headlines in the NFT industry. Tamadoge has already raised more than $7.5 million in its presale.

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