Jun 16, 2023
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