Since the start of 2021, Bitcoin Rock Ordinals and EtherRock NFTs have been the talk of the crypto token market. The rise in prices to six-figure marks has sparked a revival of NFT mania on digital asset trading platforms.
Bitcoin Rock Ordinals (BOR) are digital art token collectibles that were launched to NFT markets in February. These art pieces, created by digital artist collective Tako, have become highly sought-after. Part of their appeal is that they are backed by Bitcoin locked in a “Rocksteady Reserve”. Every time a BOR is sold, a percentage of the proceeds goes to the reserve and the value of the token increases.
EtherRock NFTs are non-fungible tokens minted on the Ethereum blockchain. These tokens are backed by a portfolio of “Techno Rocks”, which are digital artworks created by Tako. Each EtherRock is 1 of a kind and has its own unique attributes and features. EtherRock has become popular because of its ability to bridge the gap between the traditional art world and the digital world.
The six-figure prices for Bitcoin Rock Ordinals and EtherRock NFTs have sparked a wave of effects across the digital asset market. With an increasing number of people jumping on board to ride the NFT wave, it looks like NFT mania is back. Many people are taking advantage of the opportunity to purchase digital tokens backed by Bitcoin and Ethereum, as well as the collectible value, both of which have been undergoing a notable ascension over the past few months.
It remains to be seen whether the current mania will wield the same level of enthusiasm as it did last year. Nonetheless, the rise in the prices of Bitcoin Rock Ordinals and EtherRock NFTs has definitely reignited hopes for a potential return of NFT mania and the continued growth of digital tokens.
