Bored Ape NFT accidentally sells for $3,000 instead of $300,000

The image is from the same source.

The image caption is.

A non-fungible token (NFT) has been accidentally sold for more than $3,000, one-hundredth of its market price.

There is a limited run of 10,000 pieces of digital art.

The owner of Bored Ape number 3,547 made a "fat fingered" typing error when listing the item for sale online.

The NFT was snapped up by an automated account and put back on sale.

The seller told CNet that he intended to sell Bored Ape number 3,547 for 75 ether, the currency used for many NFT trades.

A "lapse of concentration" caused him to type in "0.75 ETH" instead of the usual "trade" on one of the many online trades he lists.

He said that he instantly saw the error as he clicked the mouse, but that it was immediately cut off.

The buyer of the suspected-bot paid a very high "gas" fee to ensure the transaction went through quickly.

The image caption is.

Bored Ape number 3,547 was re listed for $250,000.

If the bank facilitating the transaction is told about the mistake quickly, the errors are usually reversed.

There is no way to reverse a sale in the unregulated market.

The Bored Apes are created using a computer script that mixes and matches various colors and designs.

Initially they sold for 0.08 ETH each, but now they sell for at least 50 ETH.

Many owners use their apes as a profile picture on the social networking site.

There are benefits to bringing part of theyacht club, including invitations to community events and access to exclusive digital content.

Critics of the NFT market question what buyers are actually getting for their money when they buy non-physical art and if the "certificate of ownership" stored on the blockchain is worth the vast sums paid for some N.

The technology uses a lot of energy because of the way transactions are verified by high-powered computing, leading to criticism that the industry is bad for the environment.