NFT Worth $1 Million Accidentally Sells For Less Than A Cent
While some NFTs are going for seven figures, others are barely worth anything. Apparently, there are also some worth over a million dollars but still sell for under a penny, as that’s exactly what happened to a clipart rock this week.
According to Vice, an NFT collector who goes by Dino Dealer listed their EtherRock for 444 wei instead of 444 ETH, which would’ve been a little over $1 million.
The outlet explains that “444 wei is less than a fraction of a fraction of a fraction of a fraction of a penny,” adding it’s basically worthless. In fact, 1 ETH equals 1,000,000,000,000,000,000 wei.
The NFT was scooped up by a bot quickly after it was put up for sale on the EtherRock website. It was then subsequently listed for 234 ETH (equivalent to approximately $600,000).
Dino Dealer tried to makeup for his mistake by sending out several please online. First the NFT collected turned to Twitter to lament over their mistake. “In one click my entire net worth of ~$1 million dollars, gone. Is there any hope? Am I GMI? ” Dino Dealer tweeted. "Can snipers show mercy?"
But they didn’t stop there. Dino Dealer also tried to contact the owner of the bot via EtherScan, PC Gamer notes.
"Can you return the etherrock? I made a huge mistake,” he wrote in the comments. “Your bot snapped it up in the same block as my transaction, so I never had a chance. I hope you can find it in your heart to show mercy, please?"
Bot sniping is becoming commonplace in the NFT community, with websites popping up offering bots to help individuals find good prices and scoop up rare NFTs.
EtherRock is considered to be one of the more bizarre NFTs that’s gone viral in recent years. Release four years ago, the project consists of 100 free clipart images featuring a cartoon rock. While the pictures are very similar, each features a slightly different color to make them unique from one another.
Last year, the project went viral for an inexplicable reason, and soon the NFTs were going for tens of thousands of dollars. EtherRock #42 even sold for 400 ETH (more than $1.3 million).
In other strange NFT news, we reported earlier this month that an auction was abruptly cancelled despite estimate suggesting an NFT collection could earn as much as $30 million. The auction was already 25 minutes past its start time when it was announced the consignor had pulled the CryptoPunk assets. The seller later posted a meme on Twitter in response to the confusion.
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