How This Investor Mistakenly Sold His Rock NFT Worth a Million for Virtually Nothing

Remember Ether Rocks – the plain rock jpegs that became incredibly valuable NFTs last year? A lucky owner recently tried to cash in on one of those collectibles – but accidentally sold it for under a cent.

  • Twitter user @dino_dealer (aka Rock Dust) once held EtherRock #44, and planned to sell it for 444 ETH. At today’s price, that’s over $1 million.
  • The idea wasn’t crazy: multiple other ‘worthless’ images within the same collection sold for well over $500,000 last August.
  • However, Dust accidentally fat-fingered its listing, putting it up for 444 Wei rather, instead of ETH.
  • Wei is the smallest denomination of ETH that can be traded. Exactly 1,000,000,000,000,000,000 Wei is equal to just 1 ETH. In other words, the 444 Wei the rock was listed for is worth orders of magnitude less than a penny.
  • Dust had little chance to reverse the listing either: a trading bot nabbed the free NFT within the same block.
  • Dust said that his entire net worth was placed in the digital rock, and asked those who sniped it to “show mercy”.
  • This isn’t the first time an NFT holder butchered his own sale: in December, one BAYC holder sold his ape for $3 rather than $300,000. Since crypto transactions are peer to peer and irreversible, such accidents are virtually impossible to remedy.
  • Dust agreed that his accident was somewhat of an “easy come, easy go” scenario, which caused him to not carefully double-check his sale before making it.
  • “The controls are the same whether transacting $1 or $1 billion,” he said. “It’s just a line of data and a click of a button.”

SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

You Might Also Like:


.custom-author-info{ border-top:none; margin:0px; margin-bottom:25px; background: #f1f1f1; } .custom-author-info .author-title{ margin-top:0px; color:#3b3b3b; background:#fed319; padding:5px 15px; font-size: 20px; } .author-info .author-avatar { margin: 0px 25px 0px 15px; } .custom-author-info .author-avatar img{ border-radius: 50%; border: 2px solid #d0c9c9; padding: 3px; }

The post appeared first on CryptoPotato

Buy Bitcoin with Credit Card

BitMex Leverage Trading

Automated Trading Bot

Related Posts

Leave a Reply

Bitcoin (BTC) $ 61,024.35 1.09%
Ethereum (ETH) $ 2,924.80 1.11%
Tether (USDT) $ 0.999664 0.04%
BNB (BNB) $ 590.55 0.98%
Solana (SOL) $ 145.62 0.53%
USDC (USDC) $ 0.999986 0.00%
XRP (XRP) $ 0.505837 0.51%
Lido Staked Ether (STETH) $ 2,921.88 1.01%
Toncoin (TON) $ 6.82 2.83%
Dogecoin (DOGE) $ 0.144278 0.19%