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