Justin Sun Jumps on NFT Bandwagon With Purchase of EtherRock

The growing charm of NFT is apparent nowadays. From Hollywood celebrities to famous music composers and star soccer players, everyone finds NFT a unique and wonderful way to connect with their target market. The recent addition to this growing list is Justin Sun, the founder of Tron, who has recently invested $611,170 by purchasing an EtherRock NFT. 

Sun’s fascination with NFT is well-known around the globe. The act of setting up the JUST NFT fund testifies to this fact. By establishing this new fund, Sun aims to bring top artists from across the world to the NFT bandwagon. In response to the launch of his separate NFT platform, the founder said that it is vital for the art market to value the contribution of the artists. NFT offers artists a platform to hold and grow their value over a period of time, and by establishing this new fund, Sun has attempted to make the platform available for artists. 

It is not the first time that Sun has invested in the NFT category. In the past, Sun has purchased Ocean Front NFT of Beeple by investing a whopping $6 million in the deal. In addition to that, Sun had purchased paintings of Picasso and Andy Warhol with the idea of converting them into NFT tokens. 

The growing prominence for the NFT category can be assessed from the numbers revealed by OpenSea, the leading platform for trading NFTs. According to the information available in the public domain, the trading volume on the platform has crossed $1 billion for the month of August. The number of users registered with the platform had also seen impressive growth, reaching 24,000 from the initial figure of 300. This increase in popularity of the NFT is also proving helpful in reviving the fortunes of some old projects, including the EtherRocks. According to the official Twitter handle of EtherRock Prices, the price of the EtherRock is estimated to be around $1 million as per the latest reports.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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