NFT in the shape of a stone costs 1.3 million USD

The stone drawing was sold as an NFT asset for the equivalent of $1.3 million, although it offered no real value.

This stone image is in the collection of EtherRock, including 100 similar drawings, only different in color and order number. The buyer will receive ownership of this property on the Ethereum blockchain along with a JPG image file of the stone.

On August 24, Erock recorded two purchases of NFT in the shape of a stone, with the highest value of 400 ETH coins, equivalent to $1.3 million. Another transaction was also made later with the value of 310 ETH, equivalent to 1 million USD.

EtherRock's Twitter account shares about the sale of NFT in the shape of a stone for more than 1.3 million USD.​

EtherRock is an NFT project born in 2017 and is one of the oldest NFT projects in the Ethereum blockchain. According to experts, the special feature of these stone-shaped NFTs lies in their longevity and limited nature, with only 100 pieces released. This causes collectors to buy them, with the main purpose of reselling them for a profit.

The project's website also states: They were born "for no purpose", other than to help players buy and sell again and can be proud to be the owner of one of these 100 "stones".

After a transaction worth 400 ETH went public, the value of the NFTs in EtherRock's collection also skyrocketed. The most expensive "stone" is currently for sale for 777 ETH (about 2.5 million USD), and the cheapest one is priced at 325 ETH (1.05 million USD), but no buyer yet. Two weeks earlier, these NFTs cost less than $100,000.

According to CNBC, the increase in the price of the above-mentioned stone NFTs also comes from the "warming" of the NFT market after many months of cooling. Recently, a large company, Visa, also entered the NFT market by purchasing a CryptoPunk drawing for the equivalent of $150,000. NFT exchange OpenSea also recorded a total transaction value of $ 1 billion in August, an increase of 286% compared to July.

NFT (Non-fungible token) is the new investment craze after Bitcoin and cryptocurrencies. With the application of blockchain technology, NFT helps to create uniqueness for digital products, thereby giving them a certain value in the market. Recently, NFT has developed strongly in the gaming segment. One of the most famous NFT games today is Axie Infinity, founded by the Vietnamese, currently valued at more than $4.3 billion, according to data on the morning of August 25.