November 29, 2022

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.

The NFT whale, who owns 57 BAYC NFTs and goes by @franklinisbored on Twitter, minted the ENS domain “stop-doing-fake-bids-its-honestly-lame-my-guy.eth” using an alternate wallet on July 20.

The move was a part of a meme discussed with other NFT collectors in the community in which he was attempting to trigger the EnsBidsBot account to tweet about a hefty 100 ETH bid on an ENS domain, essentially to mock the purpose of such Twitter accounts.

However, after his ENS domain actually got a bid of 1.9 ETH ($2,900), @franklinisbored promptly accepted the bid but forgot to retract the 100 ETH bid he had placed beforehand.

Recounting the move on Twitter, he highlighted the ridiculousness of the situation by noting that “this is a mistake that I can’t imagine anyone else putting in the effort to make.”

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.

ENS is a blockchain naming protocol that enables users to mint names as ERC-721 tokens that can link to crypto wallets, and has become a handy tool for removing the need to share lengthy automated wallet address ids.