Join Our 800,000+ Community
Dutch Auctions are a market structure where the price of a good with multiple units, is established by taking in all the bids at varying quantities. Once the entire collection sells out, everyone has the same entry price.
Dutch Auctions are incorrectly used in NFTs, where people pay on a sliding scale depending on time and demand - with some paying a lot while others pay a little (especially if they wait until the end and it does not sell out). Oftentimes, the DA is abused to create the perception that the community established the price.
Harsharn Singh
Investment Associate | Ember Fund
Thank you for reading!
Don't forget to come into the app tomorrow to continue learning about crypto!
March 20, 2023
Two new portfolio tournaments have arrived! Check the roster for more details.
March 17, 2023
This is who the Ember community thinks will win the F1 Saudi Arabian Grand Prix and Barcelona vs Real Madrid match this weekend.
March 15, 2023
Two new portfolio tournaments have arrived! This time, we're bringing sports into the crypto world. Check the roster for more details.