$1 million clipart rock NFT accidentally sold for less than a cent

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NFTs are one of the most controversial tech things around at the moment, and for good reason. Artificial scarcity in digital spaces seems to be all the rage, and trading jpegs on the blockchain for stupid amounts of money is popular for some reason. But mistakes can always be made, often by user error, and that’s how one NFT-rader got fractions of a cent for their rock jpeg that was valued at closer $1 million.

Reported by Vice, Dino Dealer on Twitter is one such crypto trader that recently made the simple error. When listing their precious EtherRock NFT they erroneously put it up for 444 gwei instead of 444 eth. This is the difference between getting basically nothing or around $1 million USD. Once listed for the low low price, it was immediately purchased by a bot for the equivalent of someone whispering the word “money” from at least 100 kms away. 

Dino Dealer posted about the event on Twitter, pleading at the end for snipers to show mercy. They also contacted the owner of the bot, hoping for a do-over but have received no reply. Because this is all blockchain, the transaction is available for anyone to see and smile at if they choose. Given it’s a very basic jpeg of a rock, it feels like the bot got about what it paid for anyway.

EtherRock is a pretty quintessential example of NFTs. It’s a series of images of the same clipart rock with variations in colour, so a lot like the famous Ape images you might have seen, but literally just rocks. Or rock. The same rock. One has sold for the equivalent of $3.5 million USD. The worst part is you can’t even bang your head against one since it’s just a digital jpeg. 

Article source: PCGamer

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