Rock NFT sold for $0 instead of million

A few days ago, according to blockchain records, an NFT collector accidentally listed his precious Etherrock for 444 wei instead of 444 ETH (just over $1 million) and someone picked it up right away. instantly. In a word, 1 ETH is equal to 1,000,000,000,000,000,000 wei ― 444 wei is less than a fraction of a fraction of a cent. So bad.

Amid all the hype and fury surrounding NFT bluechip collectibles like Bored Ape Yacht Club and CryptoPunks, you may have missed what could be the ultimate absurd status symbol in crypto. Death: Etherrock, a collection of 100 free clipart-based pet rocks that have sold for millions of dollars.

EtherRock is a four year old NFT project that mysteriously became a web sensation last year and saw its costs soar. The venture comprises of 100 free clipart pictures of a similar animation rock, each including a somewhat unique tone, transformed into NFTs. In October, a bid was put on one EtherRock for 900 ETH (then, at that point, $3.5 million).

The bot who sniped the rock NFT for less than one cent is now apparently selling it for 234 ETH, which is around $620,000 USD. Not a bad profit there.

It remains to be seen if Dino can have the transaction reversed. But considering it's just between themselves and the bot, it's unlikely. There's not much third parties can do either, unless the owner of the bot account willingly returns it.

Dino Dealer got some information about a discount on Etherscan. "Hi ser," they asked in the remarks segment. "Would you be able to return the etherrock? I committed a colossal error. Your bot gobbled it up in a similar square as my exchange so I never gotten an opportunity. I genuinely want to believe that you can track down it in your heart to have pity, please?" Dino Dealer was immediately pounced upon by tricksters offering a "discount" assuming he called their WhatsApp number or sent them an email.

Bot killing has become widespread in NFT commercial centers over the past year―to the point that sites offer bots to assist you with beating others that might be a millisecond quicker. One posting on gig work stage UpWork, to take one model, cases to offer a NFT killing bot in different levels for huge number of dollars so you can get a "upper hand" on the off chance that you're "burnt out on being LAST" while attempting to purchase NFTs.

Motherboard sent a solicitation for input to the proprietor of the location that sold the EtherRock NFT through the Etherscan talk work, however didn't get a reaction.

The progress of EtherRock has produced various copies on NFT commercial centers, yet this clarifies why they are not generally significant or why one could burn through thousands on bots that gobble them up. The mobilizing cry of EtherRock holders is just, "we like the stones."

The motivation for buying one of these Rockin buddies varies from person to person. One buyer explained in a Twitter thread that a $ 46,300 purchase is an opportunity to own part of NFT's history.

"When we enter the era of digital collections, it is one of the earliest forms of art, and doing something first gives them a valuable lineage," they write. "Pet Rock provides the perfect impact value, it's so stupid and perfect. Destiny loves irony."

Another buyer who dropped about $ 25,000 on his stone said these purchases were " It's the stupidest and most incredible decision in our lives, "he told Motherboard. He initially thought the concept was ridiculous, but added that "FOMO has begun", as FOMO tends to do, and after $ 25,000 he has a small history of NFTs for himself. Had a fragment. And I fully understand that feeling. The architecture of the Internet is destined to decay over time, and you need to archive or buy a portion of your net history before it runs out forever. But if part of its history is rock low resolution clip art, you'll want to save money and download it for free.