After breaking several records, Justin Sun’s favorite NFT club found itself in a muddle. A Bored Ape Yacht Club seller noted a major loss following the sale of an NFT originally worth $300,000 for only $3,000
The globe has been traversing into the digital verse further giving rise to several platforms that have been making a big difference. The NFT space witnessed drastic growth over the last year. Non-fungible tokens certainly fetched increased adoption into the crypto market.
The Bored Ape Yacht Club [BAYCTron] has been a community favorite. Recently, Justin Sun, the founder of the Tron Foundation broke his own record by purchasing a Joker-inspired artwork by BAYCTron. However, there has been trouble in paradise after the owner of an NFT listed a piece for a much lesser price due to a typing error.
Bored Ape NFT owner’s “fat-finger error”
The crypto-verse isn’t new to fat-finger errors, however, the loss that follows can be devastating. Bored Ape NFT owner, Max who goes by the username maxnaut was the latest victim of the error. Max, who wanted to list his NFT at 75 ETH worth $300,000 accidentally typed 0.75 ETH bringing down the price of the NFT to about $3,000.
Max wasn’t given a chance to invert this mishap as a bot formulated to explore undervalued listings bagged the NFT in a snap.
Speaking about the same, Max told CNet that he carries out multiple listings every day and the latest episode was due to a “lapse of concentration.” Max further added,
“I list a lot of items every day and just wasn’t paying attention properly. I instantly saw the error as my finger clicked the mouse but a bot sent a transaction with over 8 eth [$34,000] of gas fees so it was instantly sniped before I could click cancel, and just like that, $250k was gone.”
The seller, Max seemed to be accepting of the situation. The Bored Ape NFT seller pointed the newness of the industry and suggested that “bad things” were bound to happen. Moving on when one has no control over the outcome is what is important, Max noted.