Major NFT BAYC Holder Loses 100 ETH In A Botched Domain Sale

A Major Bored Ape Yacht Club (BAYC) NFT hodler lost 100 Ether (ETH), worth $150,000 as a result of a joke bid on his own registered Ethereum Name Service (ENS) domain.

On July 20, the NFT whale, also known as @franklinisbored on Twitter and the owner of 57 BAYC NFTs, created the ENS domain “stop-doing-fake-bids-its-honestly-lame-my-guy.eth” using a different wallet.

He was trying to use the EnsBidsBot account to tweet about a sizable 100 ETH offer on an ENS domain as part of a joke about the use of such Twitter accounts, which was discussed with other NFT collectors in the community.

However, when his ENS domain actually received a bid of 1.9 ETH ($2,900), @franklinisbored quickly accepted the offer but neglected to revoke his initial 100 ETH proposal.

He described the action on Twitter and underscored how absurd it was by saying, “This is a mistake that I can’t fathom anyone else putting in the effort to do.”

“I was celebrating my joke of a domain sale, sharing the spoils, but in a dream of greed, forgot to cancel my own bid of 100 ETH to buy it back. This will be the joke and bag fumble of the century. I deserve all of the jokes and criticism.”

The ENS blockchain naming protocol has become a useful tool for avoiding the need to share long automated wallet address ids by allowing users to mint names as ERC-721 tokens that can link to crypto wallets.

NFT’s successful drop on Nickelodeon

Nickelodeon’s initial foray into the NFT market has been a success, with trading volumes soaring this week after the project sold out of all 10,000 NFT avatars it had planned to release.

10,000 NFTs with randomized and distinctive qualities representing 12 different characters from Hey Arnold! and the Rugrats were released in the drop, which went live on July 19. The artifacts were first auctioned for $50 each, but since then, the OpenSea floor price has increased to 0.29 ETH ($440).

With 1,066.05 ETH ($1.6 million) in trading volume over the past day, Nickelodeon’s NFTs have generated the second-highest trading volume of any project listed on OpenSea.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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