On New Features, Bidding Formats, and First Supper Sale

Written by
Lisa Liang

On New Features, Bidding Formats, and First Supper Sale

Written by
Lisa Liang

On New Features, Bidding Formats, and First Supper Sale

Written by
Lisa Liang

It’s only been the first week since launch and it’s been a roller coaster of a ride!

We’ve been getting questions from many interested artists throughout, and onboarding new artists will be a top priority for us in the coming weeks. Due to the manual process of setting up an Async piece, and the team’s limited bandwidth, we’ll start with application forms and a waitlist. Keep an eye on our Discord and Twitter for the latest update. We’d like to thank everyone for their patience and support in this matter.

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Another feature we’re hoping to add soon is the ability to attach username and email to your address. This will allow a user to get notifications when they are outbid, track their open bids, and easily access their collections.

Which leads to our next heavily discussed topic: bidding and auction format.

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When we launched Async we wanted the artist / owner of the piece to reserve the right to accept or reject the current bid. This is what we believe is fairest for the artist. The artist gets to determine their art’s value as they’ve put considerable effort in constructing each piece of the art. This is also the current bidding format on other Cryptoart platforms like SuperRare and MakersPlace.

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However we did make a special exception for our biggest collaboration piece “First Supper”.

We’re aware of the difficulty in coordination for when to accept a bid across 13 people. So that is why we urged artists to agree on a minimum reserve and then a 24 hour countdown to end the auction.

Thus, on February 28th, Cryptoart history was made with the sale of “First Supper” at 103 ETH! Congratulations again user @metakovan for winning the first token of this new NFT art movement!

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Going forward however, Async Art will leave artists to work out and communicate their criteria or end times for accepting bids. Most of the artists who created the individual layers have agreed to align the auction end times this Sunday, March 1st -- See here for the schedule:

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Once again, thanks to our awesome team and artists for this amazing week of support:

@shortcut@mattkane@BlackBoxDotArt@xcopy@MLIBTY@Connie@ALOTTAMONEY@vansdesign@hackatao@coldie3D, @conlan, @n0shot, @breadbreaker22

Not on Cent: Josie, Rutger van der Tas, TwistedVacancy.