Aavegotchi Shaking Up the Auction System

8-bit spectres, the Aavegotchi, are once again displaying the creative nous that has made them a key player in the NFT industry. In the spirit of fair play, you can now earn rewards just by participating in a sale.

NFT drops are a bit boring, lasting mere minutes of heady participation before the fun is over and we skulk back to our lesser domains. Auctions, on the other hand are more interesting and have a longer appeal, but ultimately there is only one winner.

With its better-luck-next-time attitude, the traditional auction process has been left wanting. There can be only one winner, and everyone else walks away with nothing. Acknowledging that the auction process provides valuable statistical information, Aavegotchi plan to reward the act of participation.

Future auctions will therefore see participants compensated with percentage rewards as soon as they are outbid. The middle ground that Aavegotchi is exploring is what it is calling the “Bid to Earn” dynamic, ensuring nobody leaves empty handed.

Aavegotchi aren’t going small-scale with their innovation either, plans are in motion to implement this system within their Haunt 2 and REALM parcels, opening it up to an impressive 30k NFTs. In the meantime, however, Aavegotchi will conduct a dry run during their upcoming sale of digital wearables.

The auction will commence at 10PM SGT, July 15, and run for 3 days until 10PM SGT on July 18.

Join the fun at the Aavegotchi auction house >> Here

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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.

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