Sales of EtherRock NFTs and Bitcoin Rock Ordinals for over $100,000 each have sparked speculation of a revival of NFT mania. The sales occurred during a resurgence in the cryptocurrency market, with Bitcoin and Ethereum experiencing significant price increases. The EtherRock collection, consisting of indistinguishable grey boulder NFTs, had one of its NFTs sold for 100 ETH, while a Bitcoin Rock Ordinal NFT was sold for 2.99 BTC. Despite the excitement surrounding these sales, some are cautious about declaring a new bull run in the crypto market. The recent sales of NFTs remind many of the 2021 NFT bull run, where one EtherRock sold for $1.3 million. The creator of EtherRocks intended to showcase the illusion of art value. The popularity of these NFTs demonstrates the influence of hype and speculation in the crypto market. However, it remains uncertain whether the crypto space is truly ready for a resurgence in NFT interest. Further high-value sales may indicate a dramatic comeback for NFT mania.
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