Join Our 500,000+ Community
A new trend seen in NFT launches has been the Dutch auction, which is considered a fairer way to achieve price discovery on initial launch. What is it?
The price of the auction is determined by the market such that the price continues to lower until a bid is received, while remaining above the reserve price that may have been set. In NFTs, we see the Dutch auction operate in a way where the price of an NFT drops on initial mint until demand is met.
Most common method of NFT launches is FCFS (first-come, first-serve), where the project owner sets a price and the users mint and pay a fixed amount.
Thank you for reading!
Don't forget to come into the app tomorrow to continue learning about crypto!
Enjoying Ember?
June 27, 2022
Happy Monday, everyone! In this edition of Ember Nuggets, we'll be covering the fallout of CeFi crypto platforms, a quick look into Web3 cell phones, and a macro market update.
June 24, 2022
Thank you to everyone who has participated in the third season of the mining program! The Ember team is proud to announce the start of Mining Season 4!
June 22, 2022
Welcome to the May recap! It's been a wild month in the space, but we remain bullish on the long-term outlook.