This week, half-giddy, half-cautious optimism spread across crypto circles as Bitcoin surged past $37,000 for the first time in 18 months on excitement regarding the approval a spot Bitcoin ETF, and Ethereum pumped past $2,100 on similar news of a pending ETH ETF application from BlackRock.

There’s clearly an emergent hope within crypto that the bottom—finally—is in. But to those who protest that it could never be a true bull market without obscenely expensive, seemingly pointless JPEGs trading hands: there’s now reason to rejoice on that front as well. 

On Friday, two separate on-chain images of illustrated rocks—one hosted on Ethereum as an NFT, the other inscribed on Bitcoin as an Ordinal—sold for six-figure respective sums on secondary markets.  

An NFT from the EtherRocks collection, Ethe

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Author: Sander Lutz

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