Live as an auction format, the work is a campaign with multiple people intervening in real-time online participatory works.
TopBidder is a radical auction protocol based on Ethereum’s smart contracts that draws on Radical Market theory to implement a mechanism for the production and auction of a non-permanently possessed crypto asset (Radical NFT, or rNFT). the TopBidder protocol improves on the ERC721 standard by adding The TopBidder protocol improves on the ERC721 standard by adding an automatic bidding mechanism, whereby any bidder who outbids the previous bidder by 10% will be awarded the right to own the rNFT. This gives any rNFT a natural automatic pricing mechanism and transactions are compatible with, but not dependent on, traditional NFT auction platforms, thereby increasing the liquidity of that asset and achieving value autonomy.