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The Weekly Stack: Announcing auctions 💎
Welcome to Gamma's weekly newsletter, where we share all the latest news and alpha surrounding Bitcoin NFTs. Subscribe and share so you never miss an issue!
Announcing Descending Price Auctions
We’ve got big news…we’re transforming how auctions work on Bitcoin with our trustless Descending Price Auction platform, rolling out starting next week. 🎉
The Descending Price Auction tool is a revolutionary new blend of Dutch auctions, paired with the excitement of competition and price discovery found with traditional auction bids. Join our Spaces tomorrow at 11am PST to learn more!
Dutch auctions (sometimes referred to as reverse auctions) have long been an efficient method for selling items, particularly for unique pieces. But, they lacked the thrill of traditional auctions where bidders compete in real-time, which also drives price discovery for sellers.
With our Descending Price Auction tool, we've bridged this gap by blending the predictability of Dutch auctions with the exhilarating competition of standard auctions. As the price decreases, buyers can place bids, creating a dynamic market. The auction ends when the bid meets the asking price.
For sellers, this means optimizing your potential earnings. 💰 You can set your starting price and reserve price, then sit back and watch as the bids come in, leveraging the competitive spirit of the auction to drive up sale prices!
For buyers, you now have the freedom to bid at your chosen price. 🎯 Start at the reserve price, or enter a bidding war by bidding along the auction's intervals. But don't wait too long! At any moment, a 'conversation ending offer' can be placed by anyone to end the auction now.
Whether you're a creator looking to maximize earnings or a collector seeking unique pieces at the right price, the excitement of a traditional auction combined with the trustless efficiency of Dutch auctions is here. Welcome to the future of bidding on Bitcoin! ✨
Learn more about this upcoming release 👇
Introducing Ordinals Alley
We’re nearly a week away from hosting the first art gallery dedicated entirely to Ordinal inscriptions, Ordinals Alley at Bitcoin 2023! At Ordinals Alley, several artists will be auctioning their pieces live using Gamma’s new Descending Price Auction tool.
Stay tuned on Twitter as we roll out more information on each artist selected from our open call, as well as the rest of the artists curated by Hugo Pouchard.
To learn more about Ordinals Alley, read our introductory blog post below 👇
Join us in Miami 🏝️
Ready to network, party, and dive into Ordinals? Join us for a week of fun at the Ordinals Conference, the Bitcoin Conference, and parties to dance the night away at. Here’s where we’ll be next week:
Tickets are still available for the world’s largest Bitcoin conference, where we’ll be hosting Ordinals Alley! Get your tickets today for access to four stages of Bitcoin 2023 content, entry to the expo hall, discounted hotel rates, and more.
We’re excited to present Ordinals 2023 with special talks, exclusive auctions, and more! Tickets for Ordinals 2023 are now sold out, but you can still come attend the afterparty or register for the hackathon. We hope to see you there!
We’re proud to sponsor this year’s Miami pleb.fi, the ultimate hackathon and event for Bitcoin builders. This year’s theme will be kicking ass and building with nostr, ordinals, fedimint, or other dope tools! Register for the event or hackathon today.
Mark your calendars! Our friends behind Ordinal Diamonds and the BTC DeGods are hosting a night in Miami with exceptional art, live auctions, good company, and an open bar. Don’t miss this immersion into the vibrant world of digital art, with live auctions throughout the evening hosted and powered by Gamma’s new auction tool.
Whether you're at the event or online, you won't want to miss out on the bidding action. Unique art pieces will be up for grabs, with some paired with physicals, inscribed on uncommon sats, or featuring collaborations between collections and artists.
Featured NFT projects 🎨
Making some noise this week with a new set is a collaboration between The Guests and Nonnish. The respective artists from both projects and some additional friends from around STX have mashed together their styles to bring a collection of 2000 Reapers to Gamma. This collection is claimable exclusively via Pogs and Shrooms, the native token reward systems of the above projects. Stay tuned for lots more to come in the future as these two ecosystems collide!
Thanks for tuning in, we hope to see you in Miami next week! 🏝️