NFT worth $300,000 accidentally sells for $3,000 due to misplaced decimal point

WION Web Team
NEW DELHI Published: Dec 14, 2021, 03:06 PM(IST)

There are 10,000 NFTs in the Bored Ape Yacht Club collection. Photograph:( Twitter )

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The NFT is currently listed for a whopping $248,000, giving the buyer tons of profits. Interestingly, the minimum price of a BAYC NFT starts at 52 Ethereum or approximately $210,000. 

Due to a typing error, the non fungible token (NFT) of the Bored Ape Yacht Club (BAYC) was sold for an incredibly low price of $3,000.

It should be emphasised that the price tag should have been $300,000 at the very least.

BAYC NFTs are a popular collection of 10,000 unique bored apes made by Yuga Labs.

According to dappradar.com, this collection has sold over half a billion dollars so far.

According to a CNET story, the NFT was going to be advertised for $75 Ethereum (ETH), or about $300,000.

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However, the NFT's owner, who goes by the nickname "maxnaut," made a typo and listed a listing price of 0.75 ETH instead of 75 ETH. 

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As first reported by CNET, the NFT's owner, Max (or maxnaut), offered the NFT for sale on Saturday.

Max, who defines himself as a "solo-traveller, bored ape, marketing agency owner, and NFT investor," had intended to price the NFT at 75 ether (approximately $300,000), but had typed 0.75 ether (about $3,000) instead.

The NFT had been snatched up before they could remedy the error, apparently by a computer intended to identify and acquire discounted listings. 

Max told CNET that the incident was caused by a "loss of concentration," and that he "lists a lot of items every day and wasn't paying attention correctly."

The NFT is currently advertised for $248,000, which means the buyer will make a lot of money.

Surprisingly, a BAYC NFT may be purchased for as little as 52 Ethereum, or about $210,000. 

(With inputs from agencies)

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