A highly sought-after NFT (non-fungible token) has accidentally been sold for just over one-hundredth of its market price, in what can only be described as something I am struggling to give the tiniest crap about.
First, a little background for those of you not yet cursed with the knowledge of NFTs: Non-fungible tokens are one-of-a-kind digital assets that can be bought and sold online. They can be almost anything; from photos and videos, to 3D models and audio files.
Unfortunately, the very act of creating these NFTs is dependent on environmentally disastrous blockchain mining. It's because of this, mostly, that it doesn't exactly have the best rep with many people. But that doesn't stop a minority from buying and selling NFTs online for properly stupid money.
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The Bored Ape Yacht Club is a special limited run of 10,000 NFTs, each with very slight variants but all totally unique. As reported by the BBC, the owner of Bored Ape #3,547 had intended to sell their piece for 75 Ethereum (ETH), the cryptocurrency commonly used in NFT trades.
Unfortunately, a "fat fingered" error caused the owner to list the item at 0.75 ETH instead. The NFT was snapped up before the mistake could be caught and almost immediately put back on sale at close to $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," the seller told CNet.
In other NFT news (ugh please make it stop), Ubisoft recently pulled a video announcing its own attempt to get into the space due to the intense backlash from... pretty much everyone. The much-derided Ubisoft Quartz announcement received nearly 95% dislikes on YouTube, prompting its quiet removal. The company is still going ahead with the initiative, of course, because as far as NFTs are concerned the amount of money earned outweighs the negative press involved.
Featured Image Credit: QuoteInspector