Life isn’t always rosy in the NFT – Not everyone will make a fortune in the NFT. While one user has managed the master stroke of making a 100,000% profit on a NFT, others are not so lucky and end up with worthless « works » … of art.
A work… that wasn’t worth it!
As we saw last Tuesday, the « NFT Hashmask » collection can be a real gold mine. A user managed to buy a work for the modest sum of 0.1 ETH (130 dollars) and finally sold it for 125 ETH (166,000 dollars) 2 days later.
Of course, not all the works in this series are as rare and therefore do not have the same value. That’s what one Internet user learned… at his own expense.
Indeed, 3 days ago, the Westcoastbill Internet user, known to have bought back several works of the series, acquired the first piece of the series numbered #1 and entitled « Trump », on the Opensea protocol.
Unfortunately, purchased at 97 ETH ($155,000), the work turned out to be common, to say the least, as it was actually worth only 0.1 ETH when it was issued.
This was information that Westcoastbill could not hold, as the NFTs were only revealed once all the works were sold.
As a result, the unfortunate man now finds himself with a worthless item, paid a hundred thousand dollars. The worst part of the story is the derisory offers now being made to him by the community to buy back his NFT, ranging from 0.001 ETH to 0.5 ETH for the most generous.
A situation that leaves one to reflect on the infatuation around the NFT. Once again, with this type of investment, prudence is the mother of safety.