- BBC News World
The typo destroyed more than $ 250,000.
It happened in a moment, in which the owner of a work of art that was not physically present, but only in digital form, “ate” two digits.
This piece is called “Board Apr # 3,547” (Boring Monkey # 3,547 in Spanish), which is part of the NFT’s new form of the abbreviated art of ‘fungus token’.
Its owner decided to sell it, but paid approximately US $ 3,000 instead of US $ 300,000.
The piece was instant Obtained by automated account It was immediately put up for sale for about $ 250,000.
Bored Ape # 3,547 is part of NFT’s “The Bored Ape Yacht Club” collection, which contains only 10,000 unique monkey figures with minor variations.
The seller, Maxnaut, told CNet, an online outlet, that it would be selling Bored Ape # 3,547 on 75 ethereum (ETH), a cryptocurrency used for many NFT operations.
But during one of the many trades he makes online on a daily basis, a “concentration deficiency” led him to type “0.75 ETH” ($ 2,989).
“I immediately saw the error when I clicked my finger, but it was immediately removed before I clicked ‘Cancel’, so $ 250,000 was gone,” he said.
The alleged buyer paid a very high fee of 8 ETH (US $ 32,000) to ensure that the Ethereum network executes a transaction quickly and to make the sale immediately.
In traditional banking transactions, these errors can be easily rectified if the bank reports it immediately.
But in an unregulated trading market there is usually no way to convert such sales.
Bored Apes, released in April 2021, is programmed. A computer script mixes different colors, designs, and accessories to make each one unique.
Initially they were selling for 0.08 ETH each (US $ 320 at today’s price), but now they are selling for at least 50 ETH (US $ 200,000).
Many owners, whether they are NFT fans or celebrities, use their monkeys as their Twitter profile.
Beyond that, there are benefits to being part of a “boat club”, including invitations to social events and access to exclusive digital content.
But critics of the NFT market in general question what buyers get for their money when they buy non-physical arts, and whether the “certificate of ownership” stored in the blockchain technology that supports cryptocurrencies is worth a large sum. Pay.
This technology is so energy efficient that the way transactions are verified by a high-powered computer generates criticism that it is bad for the industrial environment.
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