Fair, on-chain NFT auctions.

NFTs have exciting implications for the future of property.

However, current auction systems are vulnerable to frontrunning and shill-bidding attacks that reduce bidder confidence.

meltdown is an innovative dapp that brings efficiency, fairness, and decentralisation to NFT auctions.

What is a candle auction?

Candle auctions are a similar to regular auctions, but nobody knows when the auction will end.

Dynamically-ending auctions have many theoretical advantages over regular auctions:

  • Impossible to win by "sniping"
  • Faster to finalise
  • More bids and higher revenues
  • Immune to frontrunning

Secured by Chainlink

Meltdown is secured with Chainlink VRF and Keepers, ensuring the auction is fair and cannot be manipulated.