Bids

This article will explain what bids are and the value they bring to both web and in-game marketplace experiences.

To understand how to integrate bids, please see the bids tutorial.

💡Who is this article for?

Marketplaces and game studios who want to integrate bids into their offering.

What are bids?

There are two types of bids; bids and collection bids.

Bids

Bids allow users to place an offer against a specific asset. This is useful when a user would like to purchase an NFT that is either priced above what they are willing to pay, or to indicate to the owner of an unlisted asset that they are interested in obtaining it.

Collection Bids

Collection bids allow users to place an offer for any asset in a collection. This has a number of use cases. Some of these include:

• In-game crafting loops may require any NFT from a collection to proceed, so players are willing to bid on any NFT in the collection.
• Games may wish to offer a buy-back mechanism against their collections.

How do bids work?

Bids are powered by our orderbook API, and on-chain fulfillment is enforced by our Seaport settlement contract.

Why use bids?

Bids are a powerful tool for marketplaces and game studios. They allow the creation of competitive markets for assets and signficantly improve the liquidity available for players.

How do I implement bids?

Implementing bids and collection bids is almost identical to listings. Learn more by following our bids tutorial.