An NFT seller accidentally listed the price of a valuable token as 0.75 Ethereum (ETH) instead of 75ETH costing him hundreds of thousands of dollars.
How much has a misplaced decimal place ever cost you? Probably not US$300,000 ($A422,000).
As reported by CNET, NFT owner Max (or maxnaut) listed the NFT ‘Bored Monkey’ for sale on Saturday.
The self-described “solo-traveller, bored ape, marketing agency owner and NFT investor,” accidentally input the price of the NFT as 0.75 ETH which is roughly $A5300 dollars. However, the NFT has an expected market value of $A422,000.
Before Max could fix his mistake, the NFT had been snapped up by a bot programmed to find and buy undervalued listings.
Fairly calm about losing the eye-watering sum, Max told CNET, “How’d it happen? A lapse of concentration I guess.”
“I list a lot of items every day and just wasn’t paying attention properly.”
While traditional markets usually have the capacity to resolve these so-called, “fat-fingered errors,” for Max, there’s no way to get his cashback.
Despite his loss, Max tweeted, “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.”
Bored Ape NFT ownership is an exclusive club with celebrities like Jimmy Fallon and Steph Currey owning parts of the collection.
While they originally sold for about 0.08 ETH or $A400 they now cost hundreds and thousands of dollars.
(Title image courtesy of OpenSea)
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