Sotheby's auctions 'absurd' EtherRock NFTs from 2017 crypto hype, stirring backlash
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EtherRocks NFTs, simple cartoon images of rocks from 2017, are being auctioned by Sotheby's, to mixed reactions in the NFT community.
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While historic, EtherRocks were obscure until recently, unlike CryptoPunks and CryptoKitties which saw immediate success.
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Some see EtherRocks as embodying the absurdity and hype of NFTs, especially after one sold for $1.3 million in 2021.
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There is suspicion around rising EtherRock prices and sales data, possibly due to insider collusion to draw attention.
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Sotheby's calls EtherRocks "pivotal" to NFT history, but critics say they had little actual influence, beyond representing NFT speculation.