The Auction — an NFT secondary market where the true value of digital assets is determined through auctions. Developers provide tools to discover, collect and trade valuable NFTs.
Opportunities of The Auction project
The Auction is a secondary marketplace for NFTs. It will be launched to the general public through simple auctions for NFTs that comply with the NEP-171 standard, such as NFTs, built on the Paras and Mintbase platforms or Tenkbay projects. The seller will set the starting price and interested collectors can submit their bids throughout the auction.
The Auction website is designed to be simple, user-friendly and accessible without requiring knowledge of web3 technology. If you have a NEAR wallet, you can participate in auctions. If you have NFTs in your NEAR wallet, you can put them up for auction with just a few clicks.
Other features:
| 1. | Initial NFT offering at low cost and fast time to market. |
| 2. | Easy transition to ETH via the Aurora Rainbow bridge. |
| 3. | Tools to support and promote the NEAR ecosystem. |
This innovation in the NEAR NFT market will allow collectors to get the full value of their NFT investment. Collectors can compete in The Auction for their favorite collections and rare items. Auctions can also help to balance out some of the inflated prices collectors see on the secondary market and provide more competitive prices.
After the initial launch, the development team will continue to work tirelessly on additional features. The Auction plans to add the ability to combine multiple NFTs into one auction, support for Aurora and support for Ethereum eventually.
Terms of use
The auction is powered by NEAR, you will need a cryptocurrency wallet to interact with the site. Go to the Auction market and select "Connect wallet" in the upper right corner of the screen. Create an account or import an existing account. Click "Next" to send the connection to the wallet. The main Auction page will appear automatically when your wallet is connected. Before you can mint your NFTs, you will need to run the project they belong to. Add a title, logo, cover and description of your project, select a category and add any social links.