The NFT concept and the technology it uses can be a useful way of signifying ownership of digital assets, but the NFT space is controversial at the moment. This is largely due to the fact that now many NFTs are digital drawings that are worth millions of dollars for some reason.
Well, a collector named Dino Dealer wanted to capitalize on his NFT drawing of the stone part of the Etherrock collection. The collector planned to list it at a price of 444 ETH, which, based on the current value of ETH, is just over $1 million.
You can see the tweet here: https://twitter.com/dino_dealer/status/1501802006364635139
Unfortunately, Dino Dealer accidentally chose the wrong cryptocurrency to list and ended up choosing Wei instead of ETH. Based on Wei’s current value, it ended up being worth less than nothing since it was basically a fraction of a fraction of a penny. This is a big mistake.
Unfortunately bots tend to take the market down due to undervalued listings and the Dino Dealer NFT was quickly sold out and then re-listed where it was selling for 234 ETH which is about half the amount Dino Dealer listed it for. for sale, but again, by buying this at 444 wei, the owner of the bot still makes a very good profit.
Source and image Credit to Ubergizmo
Categories: Technology news
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