Bored Ape Yacht Club NFT Valued at Rs 2.27 Crore Mistakenly Sold for Rs 2.27 Lakh

New Delhi, December 14: A Bored Ape Yacht Club NFT was mistakenly sold at one-hundredth of its market price. Bored Ape number 3,547 which was meant to be sold for around Rs 2.27 crore was accidentally listed at Rs 2.27 lakh and was bought instantaneously. According to a report by the Cnet, the buyer also paid an extra amount to speed up the trade so that no one else could snap it. However, the token was snapped immediately by an automated account and was put back on sale at around 1.89 crore.

The owner of the NFT, who was listing the Bored Ape number 3,547 for sale, reportedly called it as a 'fat fingered' typing error. The owner reportedly told that he wanted to list the Bored Ape number 3,547 for selling at 75 ethereum (ETH). However, he ended up listing the NFT at 0.75 ethereum because of 'lapse of concentration'. A slight mistake in the positioning of the decimal point could have costed the owner a huge price. Click here to check the prices of various cryptocurrencies in India today. 

"I list a lot of items every day and just wasn't paying attention properly. 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 reportedly said. Pepsi Introduces the Mic Drop Genesis Collection With 1893 Generative NFTs To Celebrate Its Birth Year.

The Bored Ape Yacht Club is considered to be one of the most sought after collection of NFTs. It has a limited run of 10,000 pieces of digital art, each with minor variations. NFTs or non-fungible tokens are digital assets. These are mostly traded in Ethereum, which is itself a cryptocurrency.

(The above story first appeared on LatestLY on Dec 14, 2021 09:46 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).