On August 22, Justin Sun, the founder of TRON, tweeted that he had successfully bid "ROCK ID 87" for $500,000 and said he would donate it to the APENFT Foundation. At the same time, Justin Sun also changed his Twitter avatar to a photo of a rock with laser eyes.
Subsequently, the APENFT Foundation retweeted that it had obtained the stone NFT "ROCK ID 87" donated by Justin Sun.
"ROCK ID 87" is one of the EtherRock series. Launched in 2017, EtherRock is a set of NFT stone images minted on Ethereum, limited to 100 pieces. Each EtherRock displays a still image of a rock that is identical in appearance to each other except for color differences.
Unlike some game NFTs, EtherRocks has no additional purpose other than buying and selling, and can only be traded through its project website. Despite this, this early NFT project has recently attracted the attention of NFT enthusiasts and collectors such as Sun Yuchen, setting off a wave of stones. Currently, all 100 EtherRocks have been sold.
It is reported that EtherRock was inspired by the PetRock craze that broke out in late 1975. At that time, it was popular to take care of stones like pets, and having a pet stone became a trend indicator. Previously, these stone works of art did not attract too much attention. It was not until recently that they became popular, the demand surged, and the price also rose from tens of thousands of dollars to hundreds of thousands of dollars in a short period of time. The current price in the secondary market is Still soaring.
Since the beginning of this year, NFT has received widespread attention inside and outside the industry. Justin Sun, as one of the early planners in the NFT field, started in March, from traditional auction houses such as Sotheby’s, Christie’s, Nifty Gateway and emerging NFT auction platforms, including works by world-renowned artists Picasso and Andy Warhol, As well as the NFT works of encrypted artists Beeple and Pak, the cumulative investment is nearly 200 million yuan. The ownership of these works has been mapped to the TRON chain through the TRC-721 standard, and is permanently stored on the TRON public chain and the BTFS decentralized storage system. TRON has established a complete NFT ecosystem combining software and hardware. As one of the world’s three major public chains, TRON’s public chain users have exceeded 51 million, the number of transactions has exceeded 2.2 billion, and the circulation of stablecoins ranks first in the world.
In addition, Justin Sun also actively supports the development of outstanding companies and projects in the NFT field, including the APENFT project that focuses on the NFTization of artworks. In addition to the "ROCK ID 87" donated this time, he also donated Picasso's "Reclining Nude with a Necklace", Andy Warhol's "Three Self-Portraits" and Beeple's "OCEAN FRONT" to it for free. , TRON also provides strong underlying technical support for APENFT.
APENFT is supported by the world-renowned public chain Ethereum and the underlying technology of TRON, combined with the world's largest distributed data storage system BitTorrent File System (BTFS), dedicated to the NFT and blockchain of the world's top artworks foundation.
