We still don’t get NFTs but plenty of people clearly do
A highly in-demand issue of the popular ‘Bored Ape’ NFT (non-fungible token) has accidentally been sold for just $3,000 (£2,270): one-hundredth of its actual market price.
‘The Bored Ape Yacht Club’ is a limited run of 10,000 pieces of digital art, each with minor variations that make them sought after NFTs. However, as reported by CNet, the owner of issue number 3,547 made a “fat-fingered” typing error when listing the item for sale online.
$300,000 Bored Ape NFT sold for $3,000 because of misplaced decimal point https://t.co/rJy55QtOCQ pic.twitter.com/AqS9NVJO0r
— The Verge (@verge) December 13, 2021
Intending to list for its actual price of 75 ethereum (ETH) – the cryptocurrency commonly used in NFT transactions – seller ‘maxnaut’ accidentally listed the piece for sale at 0.75 ethereum after a mere “lapse of concentration”, meaning that instead of getting nearly $300k he ended up with just $2,989. That’s approximately £2,259.58 in sterling. That’s got to be hard to take.
Naturally, the token was bought in less than a heartbeat and then quickly relisted on OpenSea (the world’s first and largest NFT marketplace) for nearly £250,000, before being once again snapped up in seconds by one ‘Bored-Apes-Club’.
The unfortunate fellow has since posted his response to the whole cock-up on his Twitter page but if you scroll back through even just a few posts on his page, we’re sure it hasn’t hit his pocket too hard: this is no way near the only Bored Ape NFT he had to his name.
Sometimes you fuck up, make a bad buy, out of gas fail, send Eth to the wrong wallet or fat finger a listing 👀
It's going to happen. But, letting it occupy your mind for even one second after you can no longer affect the outcome is purely hurting yourself twice ❤️
— maxnaut (@maxnaut) December 12, 2021
There seems to be a fair few mistakes made in this still relatively new market, as not long ago someone was duped into buying a fake Banksy NFT for nearly £250k.
Luckily, in his case, it had a happy ending but it still goes to show that somewhat guerilla approach to the currency isn’t as well regulated as other cryptos or, say, real money and assets?
Related links:
- Elon Musk says humans could receive Neuralink chips from next year
- Premier League pledges to investigate links between cryptocurrency and clubs
- Nonce Finance responds to ridicule after internet roasts their name
