Non-fungible commerce is again a trend, but not because of a massive sale of an NFT, but because of an error that cost over $200000. Recently, a trader mistakenly sold a Bored Ape ‘NFT for only $2,844.
Non-fungible or NFT tokens would correspond to the latest cryptocurrency-based technology. These digital pieces add value to artistic images, 3D reproductions, video games, music, or other relevant categories. After this boom in NFTs, many people have owned large pieces valued at hundreds of millions of dollars today.
Bored Ape auctioned at a low price
In virtual auctions with non-fungible tokens, Bored Ape Yacht wo yhmkdkm priority as one of the most extensive collections on the market. The list reportedly comprises 10,000 unique pieces of tokens created under the Ethereum protocol. These non- fungible parts have been valued at more than $500,000, attracting enthusiasts at various times throughout the year.
Recently a trader of an NFT piece on the Bored Ape list made the serious mistake of selling the virtual piece at a low price. The announcements indicate that MaxNaut, the pseudonym of the NFT trader, auctioned the piece for about $2,800, which would be 0.75 Ethereum satoshis. Although the figure is large for a virtual image, the NFT is valued at 75 Ethereum tokens or $284,000 today.
In his defense, Max said that he publishes several virtual images every day and did not realize the mistake he had made. This little incident cost Max over $280,000, which he should be regretting at the moment. No more than ten minutes passed when an anonymous buyer paid for the Bored Ape piece. Eventually, the anonymous buyer resale the piece for more than $227,000.
NFT trader loses $200000 by mistake
Although Max’s theory and carelessness about the NFT auction sound convincing, this did not justify the anonymous buyer refunding some money. They are virtual sales without support where you can make a lot of money, or in Max’s case, you can lose $2000000 due to a mistake.
Faced with such a failure and loss of the NFT Bored Ape, Max takes it easy and only says this is part of virtual trading. The non-fungible token negotiator must be more attentive for the next opportunity. Otherwise, he will go bankrupt to give away his unique images.
NFT auctions have grown in popularity due to endorsement by celebrities like Steve Aoki, Elon Musk, or even Snoop Dogg. These NFT auctions opened the year with great reception and became a priority of entrepreneurs, singers, and digital artists who seek to show their pieces.