On Wednesday, a well-known NFT collector who goes by the name "Franklin" admitted that he had made a terrible mistake.
Franklin had the worthless title, created in jest, flipped, as a result of a puzzling and poorly executed attempt to parody the practice of buying expensive ENS addresses.
I lost a lot of money. I was celebrating my joke of a domain sale, sharing the spoils, but in a dream of greed, forgot to cancel my own bid to buy it back. This will be a joke and bag bungle. All of the jokes and criticism are due to me.
ENS names are similar to web3 name tags. Franklin used his wallet to register the ENS name "stop-doing-fake-bids-its-honestly-lame-my-guy.eth", which he then bid on with 100 ETH coins from his main wallet For jokes.
Franklin hoped that the name would be picked up by the ENS. Franklin decided to sell after another user tried to buy his asset title.
Minutes later, there was tragedy. The user who had purchased the title from Franko only 15 minutes earlier had accepted the forgotten offer after he forgot to cancel his outstanding 100 ETH bid.
Franklin said that he didn't think about his outstanding bid. I didn't think about canceling or expiring because I had already decided that I was not going to transfer. Isaw signs and acted on them.
According to Decrypt, Franklin is taking some time to recuperate, so he's doing well. He said he would log off for a while.
It's not their fault that Ponzi schemes are being enabled by the cryptocurrencies, says the founder.
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