The owner of a Bored Ape NFT (non-fungible token) has been mistakenly sold for US$3,000 (A$4,212) instead of its intended market price of US$300,000 (A$421,205) in what turned out to be a classic keyboard typo.
Bored Ape #3547 is a highly coveted NFT from the Bored Ape Yacht Club, a famous collection of 10,000 NFTs on the decentralised marketplace OpenSea. The owner goes by the Twitter username Maxnaut.eth, an NFT enthusiast who apparently forgot to put the right price on the auction.
Rogue Decimal Point Blows the Sale
Instead of pricing the NFT for $300,000, he committed a typing error when listing the NFT at OpenSea, misplacing a decimal point in pricing it at 0.75 ETH instead of 75 ETH. An automated account subsequently bought the NFT and put it back on sale for around US$250,000 (A$351,000).
Not the First Costly Mistake
In banking transactions, this kind of error can be remedied but incorrect transactions are irreversible in the blockchain space.
A similar incident occurred on August 31 when the owner of Mutant Ape #5275 sold the NFT for just US$17 (0.0035 ETH at that time), instead of 17 ETH ($54,000). The owner had sent the seller the purchase bid in USDC instead of ETH.
However, the NFT field witnessed its most catastrophic mistake when the owner of CryptoPunk 3860 put up the NFT for sale in the general market instead of creating a whitelist sale, meaning that anybody on the market could see the listing go live and snipe the auction.
And it did. The NFT was bought for less than one cent on August 4 and was quickly flipped for US$136,675.
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