Before placing a bid, read more about how auctions work on Foundation.
If you place the first bid, the bid must exceed or meet the reserve price set by the creator. If the reserve price has already been met, all subsequent bids must exceed the current bid by 10% or 0.1 ETH, whichever is less.
Note: The exact scope of the buyer’s rights are set out in Foundation.app’s terms of service.
You should be aware of the risk in NFTs and cryptocurrencies, which are volatile and may lose some or all of their value. Nothing in this article is intended as advice, and you should consider seeking your own financial and taxation advice.
Curious to learn more?
Explore more topics about the evolving NFT space with us