Price Discovery

What is price discovery?

Price discovery is the process of determining the true market value of an asset through basic supply and demand mechanics.

How does the protocol help with price discovery and value actualization?

The protocol incorporates features like auctions to enable competitive bidding, efficiently discovering fair market prices without market inefficiencies such as snipers and brokers.

What are the main price discovery features?

Auctions allow buyers to openly bid on NFTs, revealing willing price points, and introducing excitement while revealing the attention ability your NFT has.

Why is price discovery important?

Accurate pricing is key for both buyers and sellers to maximize value and avoid overpayment. It also reveals new information to the broader market.