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The non-fungible token (NFT) market has recently exploded with surging prices for digital assets. The latest surge has been driven by CryptoPunkRock (CPR) NFTs, digital art collections that range in price from just a few hundred dollars to multi-million dollar prices. Recently, an ETH-based CPR NFT has fetched a whopping $152,000 on the Fivver OpenSea marketplace, setting a new record that has some believing that we may be seeing the return of the NFT mania of 2017.
The success of CPR NFTs on the Ethereum blockchain is sparking renewed interest in NFTs, particularly Ethereum-based assets. The CPR collection offers digital collectors and investors more than 225,000 unique, one-of-a-kind digital works of art known as ‘Ordinals,’ and the top Ordinal in the collection recently sold for $152,000, setting a new record for the most expensive CryptoPunkRock artwork ever sold.
The CPR collection also includes digital assets known as EtherRock NFTs. These EtherRock NFTs let holders access unique rewards when certain events occur in the game, such as when winning tokens are released. As such, EtherRock NFTs have become popular among digital collectors and investors as they offer access to exclusive rewards.
The success of CryptoPunkRock has sparked renewed interest in NFTs, and it is likely that digital collectors and investors will continue to flock to the market and drive up prices for NFTs over the coming weeks and months. With six-figure prices being achieved for EtherRock NFTs and CPR Ordinals, it seems the NFT market could be on the precipice of another crypto mania.