People Are Shelling Out Six Figures for NFT Rocks – Gizmodo

people are shelling out six figures for nft rocks gizmodo

People Are Shelling Out Six Figures for NFT Rocks – Gizmodo

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Pet Rocks Are the Latest NFT Trend, Cost Nearly $300,000

Different folks have different motivations for buying one of these rocky buddies. One buyer explained in a Twitter thread that their $46,300 purchase was a way to own a bit of NFT history.

“As we get into an age of digital collectibles, being one of the earliest forms of the art and the first do something gives them provenance that is valuable,” they wrote. “The pet rocks present the perfect shock value, it’s so stupid that it’s perfect. Fate loves irony.”

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Another buyer who dropped about $25,000 on his own rock told Motherboard that these buys were either “the stupidest or the most incredible decision of our lives.” He added that while he thought the concept was dumb at first, “FOMO kicked in,” the way FOMO tends to do, and $25,000 later he had a tiny piece of NFT history of his very own. And I totally get the sentiment—the internet’s architecture is doomed to rot from within as time goes on, leaving all of us with the job of archiving or buying bits of net history before they’re gone for good. But when that piece of history is some low-res clipart of a rock, you’re probably better off saving your money and downloading that thing for free.

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