🖕 7-Figure Fat Finger
Why Bitcoin is best (but I’m not buying), Web3 domain rankings, and a 7 figure fat finger NFT bid
Hey there 👋,
In this week’s newsletter I discuss:
Why Bitcoin is best (but I’m not buying)
Web3 domain rankings
A 7 figure fat finger NFT bid
Bonus story for paid subs
Also I’ve just updated my audience survey form, and I’d super appreciate it if you could take just 30 seconds (or less) to enable me to better serve you.
Richard Patey - @richardpatey
Fidelity Digital Assets published it’s report Bitcoin First Revisited, 18 months after they outlined why they think Bitcoin is fundamentally different from other digital assets.
It’s from the perspective of if you could only invest in one crypto asset, and through that lens I totally agree:
No other digital asset is likely to improve upon bitcoin as a monetary good because bitcoin is the most (relative to other digital assets) secure, decentralized, sound digital money and any “improvement” will potentially face trade-offs.
But I’m also not buying it.
Instead I’m DCAing Solana, which I’ll sell near the top into Bitcoin, with the aim of making far more sats.
I just came across a web3 domain aggregator at DIDhub due to this post by Ishmilly showing the ranking of projects:
The web 3 domain space is huge and exists beyond the Twitter echo chamber.
This list by DIDhub doesn’t even include Handshake protocol and .TON (Telegram’s naming protocol)
Congrats to Unstoppable Domains for making it to #1
— Ishmilly.eth (@ishmilly)
Oct 11, 2023
It’s interesting to see that over the last 30 days, Unstoppable is top of the leaderboard with over 130K domain name sales, with ENS in second place with just over 40K sales:
But as Ishmilly says, this doesn’t include Handshake domains which recently launched decentralized domains (although have only sold just over 700 to date due to only 4 TLDs being available), which can be used as wallet addresses:
There are 150M registered .com domains. There are currently 400M+ bitcoin addresses.
These web3 domains might be useful 🤷♂️
— matt.x (@matthewegould)
Oct 11, 2023
The owner of a Cryptoadz just took a 1,055 ETH offer.
The floor is 0.5 ETH…
That’s right, it was meant to be 1.055 ETH offer, but the bidder put a comma rather than a dot:
How to make $1,650,000 doing nothing
1. Own a cryptoadz
2. Accept 1,055 wEth fat finger (They meant to bid 1.055)
3. Congrats you're a millionaire
— Cirrus (@CirrusNFT)
Oct 9, 2023
The bid was only out for just over 10 minutes before the bidder realized their mistake, but it was too late, it got accepted.
A friend of mine actually knows the person who owned this toad previously, potentially missing out on a 7 figure pay day, as long as your bid notifications are on.
And as NFT Statistics reports, the trade resulted in over $40K in fees to Opensea!
Oh geez this doesn't look good. A Cryptoadz NFT sells for $1,660,000 (1,055 ETH).
There were $41,500 in fees paid to OpenSea which makes me think it was a fat-finger error.
The floor price for the Toadz is 0.5 ETH.
— NFTstats.eth (@punk9059)
Oct 9, 2023
Upgrade to get a bonus story, available for paid subscribers.
Interested in reaching 5K+ subscribers with your message?
(Or know of a brand who could be a good fit?)
Disclaimer: Nothing in this email is financial advice and I am not a professional investment adviser. I send weekly updates on digital asset news and what I'm doing personally - consider it informational and for entertainment purposes only.