August 10, 2022

NFT sold way under intended price

The owner of a Bored Ape non-fungible token (NFT) accidentally sold the virtual art for $3,000 instead of $300,000.

The digital art was initially purchased by an automated account that instantly put it back up for sale for nearly $250,000.

The seller told CNet that he meant to list the price at 75 Ethereum (ETH), the preferred cryptocurrency for making NFT transactions.

After making many online trades that day, he said he suffered from a “lapse of concentration” which caused him to type in “0.75 ETH.”

“I instantly saw the error as my finger clicked the mouse but… it was instantly sniped before I could click ‘Cancel’ – and just like that, $250,000 was gone,” he said.

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