One small mistake and the seller of NFT got a loss of 2.24 crores,

For some time now, NFT i.e. non-fungible token is very much discussed in the market, which is bought and sold online. Recently a case has come to the fore, in which due to a small mistake, Bored Ape Yacht Club Non Fungible Token (NFT) worth Rs 2.27 crore was sold for just Rs 2.27 lakh.

What is BAYC NFT?

Let us tell you that Bored Ape Yacht Club is a popular collection of 10000 Unique Bored Apes created by Non Fungible Token (NFT) Yuga Labs. So far this collection has sold more than half a billion dollars.

Heavy loss due to typing mistake
According to a report published in the Indian Express quoted by CNET, the board app Yacht Club Non Fungible Token (NFT) was to be listed for 75 ether (ETH) for $3 lakh, or about Rs 2.27 crore, but from NFT owner Maxnot. Made a typing mistake and entered a listing price of 0.75 ETH instead of 75 ETH. After this NFT was sold for $ 3000 i.e. about Rs 2.27 lakh.

someone bought it before rectifying the mistake
Max told that this incident happened due to lack of concentration. He said that he lists a lot of things every day, but due to not paying proper attention, it became a mistake. Before the owner tried to rectify his mistake, someone bought NFTs at a very low price.

Buyer paid extra Rs 25.86 crore
To buy the cheap Bored Ape Yacht Club Non-Fungible Token (NFT), the buyer had paid an additional 34 thousand dollars i.e. about Rs 25.86 crore to complete the transaction faster.