Web 3 Broke Dutch Auctions

The first time I heard about Dutch Auctions was in 2004 when Google became a public stock (IPOed). I thought it was the most amazing this ever and assumed NFT Dutch auctions were the same…but they are NOT! Today we are going to discuss dutch auctions in and outside of the NFT space.

Dutch Auction v1 Example:

• 5 items 10 buyers
• Max Bids = 1 at $10, 1 at $7, 3 at $5, 5 at $1
• All five items will sell at $5

12 Eth Essentials: 12 Ethereum Essentials

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NFT 101 Episodes:

#36 - Web 3.0 Explained

#225 - NFTs Explained

#30 - 10 Reasons to Buy NFTs

#7 - NFT Words & Verbiage

#47 - NFT Words & Verbiage Part II

#97 - NFT Words & Verbiage Part III

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Recommended Reading for Web3 Enthusiasts:

The Bitcoin Standard: https://amzn.to/3K31jvL

The 10 Best-Ever Anxiety Management Techniques: https://amzn.to/3YphPL2

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