CryptoPunk NFT Sold for $23,000 Instead of $1.5 Million in Smart Contract Move 😂
#CryptoPunk #2386, a rare NFT valued at $1.5 million (600 ETH), was acquired for just $23,000 (10 ETH) due to a strategic use of smart contracts.
Originally fractionalized on the now-defunct #Niftex platform, its 10,000 shares were left in limbo, making trade difficult for its 257 holders. An unknown buyer triggered a "shotgun" buyout feature, acquiring the NFT at a significantly undervalued price.
While one investor tried to #counterbid , the purchase went through, leading some to call it the "steal of the century." Despite the controversy, others argue it demonstrates the ups and downs of decentralized systems.
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