Bored Ape Yacht Club is one of the most well-known collections of NFT worldwide. A $3000 price tag saw a member sell a $300,000 NFT to merely 3,000. Max, the owner of NFT, wanted to sell his Bored Ape NFT at 75 ethers. However, he ended up selling it for 0.75ethers, about one-hundredth the original price.

Speaking to Cnet after the accidental sale, Max blamed the mistaken sale on a “lapse of concentration.” “How did it happen? The lapse of concentration I think. It was a common occurrence for me to list many items each day and not pay attention. As my mouse clicked, I immediately saw the error. A bot had sent me a transaction that included over 8 eths ($34,000) in gas fees. I was unable to cancel the transaction so I was immediately sniped.

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If notified early enough, financial institutions can easily correct a fat finger error. The buyer in this instance had to pay an additional $34,000 gas fee to speed up the transaction. However, the NFT was immediately sold for $248,000.

Bored Apes Yacht Club was the original creator of Bored Apes NFT. They have over 10,000 Bored Apes. This collection, which was launched in April 2018, is one of the best collections of non-fungible tokens. It is an exclusive club. The entry fee, which represents the lowest possible price for a Bored Apes NFT is 52ether. That is roughly $210,000. Famous celebrities such as Steph Curry, Jimmy Fallon and Post Malone are members of the Club. It is this reason that the sale of the Club would be so painful. Fat finger mistakes in bank transactions can often be reversed by notification to the relevant authorities. However, this is not the case with cryptocurrency.

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