An NFT collector sold an NFT for roughly $0.01 instead of the $1.2 million it was supposed to go for. Rock Dust, an NFT trader, wants to sell his other rock NFT (for the uninitiated, it’s basically an image of a rock) for 444 eth, which is presently worth $1,143,082. Instead, they priced the jpeg at 444 Wei, the lowest unit of ether money, which is less than a penny. Previous cartoon rock paintings have sold for $1.7 million.
The artwork, which the trader claims was worth nearly their entire net worth, was picked up for close to nothing before they discovered their error. According to vice, the sale is documented on blockchain records for anyone to see.
“My whole net worth of $1 million dollars was gone in one click,” the collector tweeted. “Do you think there’s any hope?” Is it true that I have GMI? “Can snipers be merciful?” Rock Dust verified that they had contacted the buyer in a follow-up tweet.
They stated on the post, “Hello sir.” “Are you able to return the etherrock?” I made a terrible blunder. I never had a chance because your bot grabbed it in the same block as my transaction. Please, can you find it in your heart to extend mercy?” Rock Dust has not responded to his message, despite multiple fraudster bots offering to return his money if they could get in touch with him.
Even this year, this isn’t the first major blunder in NFT history. A group of crypto aficionados bought a copy of the novel Dune in January, assuming it would provide them copyright to create Dune material. It didn’t, just as you couldn’t buy a copy of Lord of the Rings and then produce your own film.
A group of crypto aficionados recently made a unique purchase: a rare edition of Frank Herbert’s science fiction novel Dune, which cost €2.66 million ($3.04 million). It’s an unusual event when a book predicted to sell for €25,000 sells for €100,000. Even crazier, the purchasers — a group known as SpiceDAO – appear to feel that holding an early edition of the blockbuster sci-fi about space worms gives them the copyright to do anything they want with it.
SpiceDao tweeted, “We won the auction for €2.66 million.” “Our current objective is to: 1. Make the book available to the general audience (to the extent permitted by law). 2. Create and sell an original animated limited series based on the book to a streaming provider. 3. Encourage community-based derivative initiatives. They haven’t purchased any of these rights. They’ve purchased a book. It’s like picking up a copy of The Lord of the Rings and thinking you can immediately make the official film.
