Dutch auctions

This week, we shipped Dutch auctions. All collection types can now be distributed via Dutch auction, which differ from English auctions in that they begin at a higher price that gradually decreases over a predefined period.

This functionality simplifies the process of price discovery for creators. Rather than guessing about the market-clearing price for your work, creators can let the market decide via a Dutch auction by allowing collector demand to establish the price.

Other improvements

Here’s what else we shipped this week:

• Removing links to token detail pages until metadata is fully captured
• A number of design improvements for mint pages
• Various updates to refine copy within the app
• 40+ other smaller fixes and improvements