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Collector Accidentally Sells Rock NFT Worth $1m for One Cent

Black Whale Market Staff
By Black Whale Market Staff

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An NFT collector has been left reeling after accidentally selling an NFT rock said to be valued at approximately $1 million—for about one cent.

The collector in question mistakenly gave it a value of 444 wei, instead of 444 ETH, and someone snapped it up. To be clear: wei is the lowest denomination of the Ethereum cryptocurrency.

One ether (ETH) is equal to 1,000,000,000,000,000,000 wei.

“How was your week? Mine? I just mistakenly listed @etherrock #44 for 444 wei instead of 444 eth. A bot acquired it on the same block and tried to flip for 234 eth. (SIC) In one click, my entire net worth of ~$1 million dollars was gone. Is there any hope? Am I GMI? Can snipers show mercy?” the unlucky collecter tweeted.

The current owner has listed the NFT for 234 ETH, roughly $600,000.

So what is EtherRock?

EtherRock is a brand of crypto collectible that’s been around since 2017. It is one of the oldest non-fungible tokens (NFTs) on the block. In August, the NFT project made history when a clip art of a rock sold for 400 ether, or about $1.3 million.

In October, a bid was placed on another EtherRock for 900 ETH (then $3.5 million).

According to the website, the appeal of owning the virtual rocks is simply “serve NO PURPOSE beyond being able to be brought and sold, and giving you a strong sense of pride in being an owner of 1 of the only 100 rocks in the game :)”

There are 100 iterations of the EtherRock. The images always show the same rock but with a different background.

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