from the yet-I-feel-no-sympathy dept.
A distracted trader accidentally sold a non-fungible token (NFT) for a hundredth of its market price.
NFTs are the latest cryptocurrency phenomenon to go mainstream. In the simplest terms, NFTs transform digital works of art and other collectibles into one-of-a-kind, verifiable assets that are easy to trade on the blockchain.
The Bored Ape Yacht Club is a collection of 10,000 pieces of digital NFT art living on the ethereum (eth) blockchain. On Saturday, the owner of such a piece of art accidentally sold his NFT for a fraction of what it was worth.
Max, who goes by the username maxnaut, said the mistake happened after "a lapse of concentration" when he accidentally listed the NFT for 0.75 eth ($2,844) instead of 75 eth ($284,495).
[...] Virtual art has been created, and talked about, for years. But now, thanks to endorsement from celebrities as diverse as Elon Musk, Lindsay Lohan and Steve Aoki, online buzz in art and cryptocurrency circles, and, perhaps most importantly, blockchain technology, it has not only entered the mainstream -- it is generating huge sums of money for digital artists and online collectors.