Big NFT blunder| Collector mistakenly sells digital drawing worth Rs 7.6 crore for almost nothing
KEY HIGHLIGHTS
- The details of the incident were highlighted by the NFT collector on Twitter.
- A wrong listing resulted in a huge loss for the collector.
- He tried seeking help from members of the crypto community, but to no avail.
An
The collector is not new to NFT technology. He lost a large sum of money despite having the experience of being in the business for at least a year.
The NFT was a simple picture of a rock in varying shades of grey.
The user, who goes by @dino_dealer on Twitter, shared details of the mix-up on the micro-blogging site.
Based on the explanation, the costly mistake might have happened during the process of ‘dropping’ one particular rock.
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“How’s your week? Mine? I just erroneously listed @etherrock #44 for 444 wei instead of 444 eth. Bot sniped it in the same block and trying to flip for 234 eth. In one click my entire net worth of ~$1 million dollars, gone,” the user wrote.
“Is there any hope? Am I GMI? Can snipers show mercy?” he added.
The explanation may be a tad difficult for everyone to understand. What @dino-dealer explained was that he accidentally listed the rock for ‘444 wei instead of 444 eth’, in reference to the cryptocurrencies.
How’s your week?Mine? I just erroneously listed @etherrock #44 for 444 wei instead of 444 eth🤦♂️Bot sniped it… t.co/6MtGjitTqm
— ANI (@ANI) Mar 10, 2022
The drawing had been valued at 444 Ether (ETH), which is roughly equal to $1.2 million. This means the seller had the potential to make some big bucks. However, his listing was incorrect.
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As a result of the blunder, the NFT sold for 444 Wei, which comes up to the almost nothing value of $0.0012.
In a follow-up tweet, the NFT collector addressed: Hello. Can I make a reversal request?”