What are Participation NFTs?

Participation NFTs can provide an extra, fun incentive for bidders in your auction. Much like standard open edition sales, creating a participation NFT will allow unlimited copies of a single master edition NFT to be sold at a fixed price. For more information about open-edition copies, read this article. However, these copies will only be sold to people who bid in your auction.

To create a participation NFT in an auction:

1. Follow the steps listed in this guide to set up an auction until you reach the participation NFT section.

2. Select the master edition NFT that you would like to use as a participation NFT/make copies of.

3. Set a fixed price for your auction’s participation NFT. This is optional; you can choose to set the price to 0 so that every bidder will receive a participation NFT, or you can provide a price for bidders that do not win your auction to pay to receive a copy of your participation NFT.

That’s it! You can check more articles in the help center and view video tutorials for help.