Home Finance Bored Ape NFT accidentally sells for $3,000 instead of $300,000

Bored Ape NFT accidentally sells for $3,000 instead of $300,000

by Nwani Chisom
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A popular non-fungible token (NFT), Bored Ape has been accidentally sold for $3,000 (£2,270) instead of its initial price of $300,000.

The Bored Ape Yacht Club is limited run of 10,000 pieces of digital art, each with minor variations.

But the owner of Bored Ape number 3,547 made a “fat fingered” typing error when listing the item for sale online.

The NFT was instantly snapped up by an automated account – and put back on sale at nearly $250,000.

“I instantly saw the error as my finger clicked the mouse but… it was instantly sniped before I could click ‘Cancel’ – and just like that, $250,000 was gone,” he said.

The suspected-bot buyer also paid very high “gas” fees – which determine how quickly the Ethereum network processes a transaction – of 8 ETH ($32,000), to ensure the sale went through almost instantly.

What is A non-fungible token

NFTs are “one-of-a-kind” assets in the digital world that can be bought and sold like any other piece of property, but which have no tangible form of their own.


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