Receiving $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.
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Financial Times
John Gapper is associate editor and chief business commentator of the Financial Times.
