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EtherRock NFT Purchased For $300,000 – Are NFTs Back?
The global non-fungible token market is showcasing signs of life again this July, after several months of declining trading activities. Instead of NFTs as a status symbol and collector item, they are being adopted as tools for loyalty programs, real-world asset tokens, and as a part of Web3 gaming. In response to this renewed interest, trading sale volumes have spiked above $25 million, and NFT users have also started to purchase NFTs that used to make headlines during the previous historic 2021 bull run.
EtherRock NFT Purchased For $300K
Data compiled by Etherscan, a renowned blockchain explorer designed for the Ethereum chain, allowing crypto users to view and analyze various aspects of the Ethereum blockchain, such as NFT transactions, blocks, smart contracts, and wallet addresses, confirmed that an anonymous NFT holder sold his EtherRock NFT collection. The EtherRock NFT #59 NFT collection exchanged hands at 82.4 ETH or $300,000.
EtherRock 59 purchased for $300,000 (82.4 ETH)
1 hr ago (Jul-24-2025 12:40:23 PM UTC)
Txn: pic.twitter.com/swMCeENuVs
— EtherRock (@EtherRock) July 24, 2025
Launched in 2017, an EtherRock NFT is a digital image of a rock, tokenized as a non-fungible token on the Ethereum blockchain network. There are only 100 EtherRock NFTs in existence, making them a scarce and collectible item within the NFT space. They are considered one of the earliest NFT projects, predating the ERC-721 standard. These NFTs do not have inherent utility beyond their collectible status and are valued primarily for their historical significance and their scarcity.
EtherRocks were created during the infancy of NFTs, making them one of the first NFT projects on the Ethereum blockchain, alongside CryptoPunks. Their limited supply contributes to their high value, with some selling for millions of dollars. Today, owning an EtherRock is seen as a status symbol within the NFT community, representing a piece of NFT history. During the 2021 historic bull run, these NFTs made headlines after exchanging hands for millions of dollars. At the time, an EtherRock NFT was sold for $1.3 million.
Are NFTs Back?
The resurfacing of veteran NFT collections like EtherRock and others brings back memories of the historic 2021 NFT market bull run. In 2021, NFTs were everywhere, from pixelated Punks to Bored apes; they dominated headlines and drew billions in investment. By 2022, celebrities and brands were all in, buying JPEGs NFTs on the Ethereum blockchain network and even hyping metaverse real estate.
During the 2021 NFT boom, the number of web3 projects also skyrocketed, with more than 1.5 million NFTs traded in a single month. The NFT bull run, remembered as a period of intense growth and speculation in the non-fungible token market, ultimately faded due to a combination of factors, including market saturation, lack of real-world utility, and a shift in investor sentiment.
Due to oversaturation, the NFT market became flooded with NFT projects, leading to a dilution of the initial perceived scarcity and exclusivity. Since the initial hype was fueled by novelty and celebrity endorsements, the NFT market struggled to sustain its momentum and eventually faded away. The reselling of EtherRock four years after the showcase shows that the NFT market could be gearing up for another bull run, even though not as strong as the historic 2021 bull run.
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