15/12/2021 $300,000 Bored Ape NFT sold for $3,000 because of misplaced decimal point

Or just right click > save image to save yourself $$$.Image viaOpenSea

How much have you ever lost on a typo? Probably not hundreds of thousands of dollars. But that’s just what happened to one unlucky individual this weekend, who accidentally sold a Bored Ape NFT for $3,000 instead of $300,000 — all because of a misplaced decimal point.

As firstreported byCNET,the NFT’s owner Max (or maxnaut) listed the NFT for sale on Saturday. Max, who describes himself as a “solo-traveller, bored ape, marketing agency owner & NFT investor,” had meant to price the NFT at 75 ether (around $300,000) but accidentally typed0.75 etherinstead (roughly $3,000). Before they could correct the mistake, the NFT had been snapped up, apparently by a bot programmed to find and buy undervalued listings. You can see the drama play outon the NFT’s OpenSea page.

“How’d it happen? A lapse of concentration I guess.”

“How’d it happen? A lapse of concentration I guess,” Max toldCNET. “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.”

These sorts of so-called “fat-finger errors” arewell-known in the world of finance. In 2015, for example, a junior Deutsche Bank employeeaccidentally sent $6 billionto a hedge fund client after messing up their calculations. But traditional markets generally have some means of recourse when the worst happens — whether legal in nature or stemming from social pressure. In the case of Deutsche Bank, it seems the hedge fund simply sent the money back the next day.

For Max, there’s no way to get his cash back. It doesn’t help that the NFT he sold belongs to a particularly valuable collection. There are 10,000 Bored Apes in existence, each mixing and matching certain attributes (laser eyes, sunglasses, etc.) to create a portrait with the aesthetic qualities of a mid-2000s gamer avatar. NFTs aren’t about the quality of the artwork, though: they’re about speculation and perceived value. And Bored Ape NFTs are an exclusive club, with owners including celebrities like Jimmy Fallon and Steph Curry. They originally sold for 0.08 ether, around $320, but now cost hundreds of thousands of dollars.

Despite the loss, Max seems to be taking things in stride. “Sometimes you fuck up, make a bad buy, out of gas fail, send Eth to the wrong wallet or fat finger a listing,” hetweeted. “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.”

Arts

https://www.theverge.com/2021/12/13/22832146/bored-ape-nft-accidentally-sold-300000-fat-finger

Interesting NFTs
Wolfgrey Dali Amur!
Ciao! My name's Wolfgrey Dali Amur!. I once peed on Nelson Mandela's cat. They had it coming. Sometimes I daydream of a life full of fighting the patriarchy, hamburgers, and practicing witchcraft. I hope we can be brilliant friends.
#2921
By OthersideDeployer
The Pixel
The Pixel is a single pixel statement. It is created to validate. The Pixel is a digitally native artwork visually represented by a single pixel (1x1). It is a token that signs the most basic unit of a digital image in a traditional global auction house. It is a tiny mark to carry digitally native art to a potential future history.
The Machine of Real Madrid
Visual Toy honoring the greatness of the most awarded club in the world of football, Real Madrid. Including his top stars of all time including President Bernabeu, a myth in the club's management. This Visual Toy represents the club as a title machine with the Champions League as a great emblem, since it holds the leadership in victories in the maximum European competition. A magical and fantastic mechanism like the history of the club itself. Including the Bernabeu in its last year before the remodeling in 2020, this Visual Toy brings together all the essence and soul of the merengue team. https://javierarres.com
The Scion
A young figure caught in a moment of distraction, aware only ephemerally of his unconscious being, as it engages in psychological and psychedelic layer spaces. His right arm casually cradles a moray eel; the figure is comfortable but not truly aware of the potentials for danger in such negligence. His shirt reads “Bello” in Pokemon style font, harkening back to a childhood straddling the millennial threshold. To his right side, out of the unconscious deep, shrouded alien heads propagate as a fractal totem, each new iteration a more sophisticated rendering of emotional masking over the cold mystery of the greys. As the scion of the Budgie-Sattva, the young man, in his distraction, is also simultaneously aware of higher levels of self discovery. To his left a psychological topology sets beneath the oracle side of an 8 ball ,hovering; its message a purest concept of acceptance. The “Scion” lettering is in 80’s HeMan style bold declaration. The lower right side of the painting is like a hybrid of melon, feathers, and seeds. The crystals in the background bring light; conducted, refracted, reflected, and dispersed, to balance the dark shadow of the figure’s physical body. The aura of the scion succeeds in layers to point, with a finger, and the crown chakra, toward a center of a mandala existing as nigh pure application of strokes, in essence painterly abstraction, but also revealing hints of the Aura of migraine, and the bi-hemispherical nature of the brain–noting concerns of the possibility of inherited mental disease. Yet the flourish of chakra as it sets against that center is robust, active, coherent, and reveling against all fear. Fundamentally, the piece speaks to the activation of one’s potential to begin to “Know Thyself”, and find greater awareness out of the enigmas of the mind–as an inculcated seed given to the rich soil of one’s own birthright.