A platform for auctioning NFTs. Introduced in February 2021, within six months more than $50 million worth of NFTs were sold. NFT artists set up a MetaMask wallet loaded with ETH (ether) and then upload their art to IPFS decentralized storage. After the first bid, there is a 24-hour countdown. If auctioned off, the artist receives 85% of the sale price and a 10% royalty if the art is later resold either on Foundation, OpenSea or Rarible. See
NFT and
Ether.