What We Should Learn from The Person who Got Bored Ape for $3K

0𝕏koji
1 min readDec 19, 2021

How a $300K Bored Ape Yacht Club NFT accidentally sold for $3K

https://www.cnet.com/news/how-a-300k-bored-ape-yacht-club-nft-was-accidentally-sold-for-3k/

tl;dr

One of the most popular NFT collectives, Bored Ape Yacht Club’s owner did a typo when the owner list the item. The owner wanted to sell it for 75 ETH, but actually, it was sold for 0.75 ETH ($3K) By the way, Bored Ape Yacht Club’s floor price is 48.99 ETH (from OpenSea) https://opensea.io/collection/boredapeyachtclub

From this what we should know would be 2 things.

You cannot cancel a deal

If a market is run by a company, the company cannot help you to get back your asset or money since that requires a buyer of goodwill.

The person who purchased it isn’t just lucky

This purchase was done by a bot since it’s super fast so that the person has prepared for this kind of happening.

The person paid 8.5 ETH($33K) as a gas fee.

https://etherscan.io/tx/0x716cc965cf3aa642bad16d3fa02f9629df2f63ede1eadce2921c0869cddcef19

--

--

0𝕏koji

software engineer works for a Biotechnology Research startup in Brooklyn. #CreativeCoding #Art #IoT #MachineLearning #python #typescript #javascript #reactjs