Typos are embarrassing but losing money over those types would totally suck.?But that¡¯s what happened to one unlucky person, who accidentally sold a Bored Ape NFT (non-fungible token) for $3,000 (Rs 2.28 lakh) instead of $300,000 (Rs 2.28 crores) all because of a misplaced decimal point.
The owner named Max meant to list his Bored Ape NFT for 75 ether, or around $300,000. But he accidentally listed it for 0.75 ether. By the time Max spotted the error, it was too late.
"I instantly saw the error as my finger clicked the mouse but... it instantly sniped before I could click 'Cancel' - and just like that, $250,000 was gone," he told CNET.
Despite the loss, Max seems to be taking things in stride. He tweeted, ¡°Sometimes you fuck up, make a bad buy, out of gas fail, sends Eth to the wrong wallet or fat-finger a listing,¡± ¡°It¡¯s going to happen. But, letting it occupy your mind for even one second after you can no longer affect the outcome is purely hurting yourself twice.¡±
The NFT was immediately bought by someone. The buyer paid an extra $34,000 to speed up the transaction, ensuring no one could snap it up before him/her. The Bored Ape was then promptly listed for $248,000.
The transaction was so fast because it was done by a bot that can be coded to buy NFTs listed below a certain price on behalf of their owners.??
User errors can usually be reversed easily in traditional banking transactions but cryptocurrency and blockchain transactions are instant and irreversible."And here within the beauty of the Blockchain, you can see that it is both honest and unforgiving. The industry is so new, bad things are going to happen whether it's your fault or the tech. Once you no longer have control of the outcome, forget and move on," Max added.
The Bored Ape Yacht Club is a collection of 10,000 NFTs, each depicting an ape with different traits and visual attributes.
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