NFTs are currently surrounded by a lot of craze and hype. For many, the concept of “owning” a digital asset appears to be a fresh concept, and as a result, we’ve seen how many of these NFTs have recently fetched absurdly high prices for what are simply digital drawings.
However, it appears that someone who owns an NFT from the Bored Ape Yacht Club may have missed out on a large sum of money. According to a CNET story, Max, the NFT’s owner, advertised his NFT for 0.75 ETH. It appears that the original idea was to offer it for 75 ETH, however it was sold for a tenth of what it was meant to be valued due to an error.
Unfortunately for Max, the NFT was snapped up very immediately, for roughly $3,000 instead than the $300,000 he had hoped for. It also appears that the buyer was a bot that scours marketplaces for discounted NFTs, buys them, and then resells them.
The bot even paid an extra $30,000 to assist speed up the deal, so even though $37,000 isn’t a tiny figure, the fact that it might be resold for close to $300,000 means they’re still in the black at the end of the day.
Speaking to CNET, Max said, “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. 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.”