Todd Kramer, a New York-based non-fungible token (NFT) collector, said that his collection of sixteen Bored Ape Yacht Club (BAYC) NFTs, valued at $2.28 million (about Rs 16.94 crore), had been “hacked.” An NFT is a digital asset that records who owns a digital property such as an image, video, or in-game item using blockchain technology. While everyone can look at the asset, only the buyer can claim to be the “formal” owner.
Todd Kramer, the owner of the NFTs, said that the NFT marketplace OpenSea had “frozen” the assets for him, which included one Clonex, seven Mutant Ape Yacht Club, and eight BAYC NFTs worth roughly 615 Ether. BAYC NFTs are a popular collection of 10,000 unique bored apes made by Yuga Labs for people who don’t know. According to dappradar.com, this collection has sold over half a billion dollars so far.
BAYC NFTs are a popular collection of 10,000 unique bored apes made by Yuga Labs for people who don’t know. According to dappradar.com, this collection has sold over half a billion dollars so far.
Celebrities such as basketball legend Steph Curry, musician Post Malone, and even American TV host Jimmy Fallon possess BAYC NFT.
BAYC, the owners of the well-known NFT collection, revealed on Twitter in October that the company will introduce its own Ethereum-based crypto-token in early 2022. It should be mentioned that the minimum price of a BAYC NFT is 52 Ethereum, which is almost $210,000.
In December, someone sold a BAYC NFT worth Rs 2.27 crore for Rs 2.27 lakh by mistake. According to CNET, the NFT that sold for $3,000 was scheduled to sell for $75 Ethereum (ETH), or about $300,000. However, the NFT’s owner, who goes by the nickname maxnaut, made a typo and submitted a listing price of 0.75 ETH instead of 75 ETH. Meanwhile, according to fresh analysis from Cointelegraph, people have spent over $9 billion on NFT sales so far, with total sales likely to reach $17.7 billion.