NFT Bro Makes A Million Dollar Mistake
March 13, 2022
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11:14Now PlayingNFT Bro Makes A Million Dollar Mistake
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as posted by the channelAn NFT owner just lost his entire net worth in the market by accidentally listing his milliondollar NFT Etherrock for less than a cent. Apparently, the owner listed it in the improper cryptocurrency denomination. Cenk Uygur, Adrienne Lawrence, and Rayyvana discuss on The Young Turks. Watch LIVE weekdays 68 pm ET.
Read more HERE:
"Amid all the hype and furor around blue-chip NFT collections like Bored Ape Yacht Club and CryptoPunks, you may have missed what may be the ultimately absurd status symbol in crypto: Etherrock, a collection of 100 cartoon pet rocks based on free clipart that have sold for millions of dollars.
A few days ago, according to blockchain records, an NFT collector accidentally listed their valuable Etherrock for 444 wei instead of 444 ETH (just over $1 million) and someone snapped it up immediately. To put that in perspective, 1 ETH is equivalent to 1,000,000,000,000,000,000 wei―444 wei is less than a fraction of a fraction of a fraction of a fraction of a penny. It’s worthless.
“In one click my entire net worth of ~$1 million dollars, gone. Is there any hope? Am I GMI? ” a collector, who goes by Dino Dealer, tweeted late Wednesday claiming the rock was theirs and that a bot had "sniped" it. "Can snipers show mercy?"
According to the EtherRock website, the current owner has listed the NFT for 234 ETH, or around $600,000."
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