News: End of NFT period? 5 Billion Rupiah NFT Boring Ape is only sold for 1 Million Rupiah!

After being all the rage last year because it was considered a commodity for the new rich and due to the Ghozali effect, now NFTs have unknowingly experienced a major setback. how come? One of the famous NFTs in the Bored Ape series, which used to be priced at 105 ETH or about IDR 5 billion, is now selling for only IDR 1.6 million.

$350,000 worth of Bored Ape NFT #835 sold for only $115. The sale may be wrong as there are other offers that are closer to the market value of the NFT and are not accepted 👀#NFT #NFT pic.twitter.com/WkMKAD7IPs

— Fulfillment by Amazon (@FBA78727307) March 28, 2022

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However, it was also argued that the deal was a mistake, as many similar offers were not accepted. The cchan account that made the transaction is not confirmed.

The case itself is not the first in which NFT Bored Ape sellers have been accused of wrongdoing. Last December 2021, NFT Bored Ape #3547 sold for $3,000 from the seller’s expected price of $300,000.

Source: Benzinga
In addition to the main news in this article, the KotGa Crew has an interesting discussion that you can watch in the video below.