All about auctions on Funrise

How do auctions work exactly?

  • bids are debited from the wallet
  • if another participant outbid the bid, the money would be returned to the wallet
  • notification that the bid has been outbid will be sent via SMS to the account’s phone number used during the registration
  • if the auction is still live, you can place another bid higher than the current bid by clicking on “Bid again”
  • Prepare your NFT for an Auction

How to start an auction after NFT minting



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