Tron Founder Joins NFT Craze With $600K EtherRock Purchase

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In Brief
  • Justin Sun has purchased himself an EtherRock NFT.

  • EtherRock 87 was purchased by Sun for 187 Ethereum.

  • The sale is just the latest in a slew of big money buys in the NFT space this month.

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Tron founder and NFT fan, Justin Sun, has recently purchased an EtherRock NFT for $611,170. 

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The Tron founder has been an avid fan of the growing NFT industry. Sun has recently set up the JUST NFT fund. The idea behind the project is to mint the world’s top artists on the blockchain. 

Sun had commented on his move to launch his own NFT platform, saying, “I believe that the value of the art market is set by the leading artists and works, and only the artists at the very top of the pyramid can hold and grow their value over time.”

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Sun has made some big NFT purchases in the past that include Beeple’s “Ocean Front” NFT piece that was purchased for $6 million. Sun has also previously purchased Andy Warhol and Picasso paintings, with the idea of tokenizing the rare art pieces. 

EtherRocks popularity soaring 

While the NFT craze appears to be in full swing, top NFT platform OpenSea recently announced it had reached over $1 billion in trading volume for August alone. The site also stated that users had climbed from 300 to more than 24,000 in August. 

The surge in NFT popularity has spilled over to some older NFT projects, such as EtherRocks. The project, which was launched in 2017, making it one of the first official NFT projects, has seen its NFT pieces reach astounding sales figures. According to EtherRocks Prices Twitter account, the recent floor price of an EtherRock is roughly $1 million. 

Justin Sun has recently added to his NFT collection by grabbing himself his very own EtherRock NFT. The sale of EtherRock 87 was 187 Ethereum, or $611,170. Sun shared his purchase on Twitter, saying, “Just spent half million dollars on a rock.” 

Source: Twitter

The Tron founder has since changed his profile to his EtherRock with laser eyes on it.

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Ryan is a Fintech specialist with a passion for cryptocurrencies and blockchain adoption. A keen trader and investor in the market since 2016, he enjoys keeping up to date with the latest developments within the industry while finding the next 100x altcoin.

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