Opinion
Why joining The Bored Ape Yacht Club is the next big status symbol
These are not normal times for NFTs, with some digital images fetching astonishing sums, even when they were created as jokes.
John GapperContributorReceiving $3000 ($4210) for an asset that was worth a tenth of that last April would normally qualify as a fine profit. But when the owner of a Bored Ape Yacht Club non-fungible token (NFT) sold his digital cartoon last weekend, he made a costly error.
The seller, known as “maxnaut” on the OpenSea market where many NFTs trade, meant to offer it for $US300,000 but entered the sum wrongly in ether, the payment token. A trading bot snatched it up before he could reverse the error, and the ape escaped.
Financial Times
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