Bored Ape NFT Fat Finger Listing a Reminder of Decentralization Risk
The Bored Ape Yacht Club is one of the hottest NFT projects around.
Selling for dozens of Ethereum (ETH) each, one NFT in this digital collection on the blockchain can cost as much as a house.
That's why when a Bored Ape NFT listed on the OpenSea marketplace, which has been called the eBay of NFTs, for a mere 0.75 ETH, or $3,000, instead of its intended price of 75 ETH, worth $300,000, crypto investors thought there must be some mistake.
They were half right.
The price was a case of a mistaken decimal point, but the damage was already done.
It is also a reminder of some of the hidden risks that are lurking in a decentralized market.
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