- A highly sought-after NFT in the Bored Ape Yacht Club collection has been accidentally sold for about $3,000 instead of the actual market price of $300,000.
- Before the seller maxnaut could cancel the errant listing, his NFT was snapped up by what seemed like a bot account which then immediately turned around and listed it for $248,000.
- “I instantly saw the error as my finger clicked the mouse but a bot sent a transaction…and just like that, $250k was gone,” maxnaut explained.
Vishwam Sankaran from The Independent writes:
“A highly sought after non-fungible token (NFT) in the Bored Ape Yacht Club collection was accidentally sold for about $3,000 (£2,272) instead of the actual market price of $300,000 (£227,190).
The Bored Ape Yacht Club NFTs – some of which are known to be owned by the likes of Jimmy Fallon and DJ Khaled – consist of digital art of about 10,000 apes that each have different “properties” such as fur type, facial expression, clothing and accessories ranked and valued in terms of their rarity.
The apes are programmatically generated with a computer code mixing and matching their properties to make each of them unique.
A seller, identified by the username maxnaut on their social media handles, hoped to list Bored Ape number 3,547 for sale at 75 ethereum (ETH) on Saturday, but due to a “fat finger” typing error, the user accidentally sold it for about 0.75 ETH, reported Cnet.
Before maxnaut could cancel the listing, the NFT was reportedly snapped up by what seemed like a bot account that paid very high “gas” fees of 8 ETH for the Ethereum network to quickly processes the transaction.
The digital art was then immediately listed for $248,000 (£187,810)…”
See full story here.
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