Stone Clip Art Sold for $1.3 Million

One rock "clip art" (pictures or symbols stored in hardware for use in illustrations such as documents) has been sold for 1.3 million dollars, according to CNBC on the 23rd.

The visual of the issue is "EtherRock". As its name suggests, it is a visual device sold in Ethereum blockchain. There are only 100, so scarcity is increasing its value.

This rock visual cannot be used anywhere but the Ethereum network. The owner is only proud to be the owner of one of the 100 rock visuals that Ethereum users all know.

It is analyzed that this is due to the recent NFT (non-fungible token) craze.

When NFT is applied to images, videos, and music files, information such as ownership and transaction history is stored in the blockchain. It is a kind of 'digital certificate'. NFT works will be recognized for their scarcity and uniqueness because they use blockchain technologies that cannot be falsified or altered.

Although the NFT market has slowed down this year, it has recently revived with cryptocurrency (virtual currency) rally.

For example, trading volume on the NFT exchange "opensea" exceeded $1 billion in August. This is a 286 percent increase from July.

CNBC said the reason why the NFT market is reviving is because the cryptocurrency market is rallying again, with Bitcoin surpassing $50,000 recently.