English Auction is a decentralized NFT auction platform where sellers can list their NFTs and participants compete by placing progressively higher bids in ETH over a 7-day period. At the end of the auction, the highest bidder wins ownership of the NFT, while the seller securely receives the winning bid amount, with refunds available for non-winning participants.
English Auction is a Rust (Stylus) smart-contract + web UI that implements a classic English auction for ERC-721 NFTs. Sellers initialize auctions for a specific token, bidders compete by sending higher bids, non-winning bidders can withdraw, and after the 7-day period the highest bidder wins the NFT while the seller receives the winning ETH.
We have built this project from the scretch.
