@backseats

CHONKS MARKETPLACE UPGRADE ANNOUNCEMENT Today, we will be updating the Chonks Marketplace smart contract to an upgradeable proxy contract. The current marketplace is now paused while we make the change. Existing Listings and Bids will be reset as the new contract has new storage. In future upgrades to that contract, storage will not be reset. If you have a bid locked in the marketplace (about 0.09 ETH is in there), you will be able to reclaim that back via our front end still. As noted in the image below, the base version of the proxy contract will be largely the same as the market that has been live to date, as a safe base starting place while we continue to test the features in Step 2 below. We gave ourselves 1 year from last year's deployment to set the ChonkTraits and ChonksMarkets contracts permanently. Tonight at 7:53p EST, we get locked out of doing those upgrades to our own contract. We did this in the spirit of decentralization. The original version of ChonksMarket was based on the CryptoPunks contract but over time, that's come to feel limiting as users are used to the experience of a market like OpenSea. ChonksMarketV2 will support USDC, WETH bids on Chonks, Traits, and (new!) TraitIndexes (so you can put up a bid to buy a Frog Head Trait and anyone who owns it can fulfill it). We'll also have support for gasless or gas-sponsored interactions. Decentralization is a spectrum and to keep Chonks dynamic, we thought this was the best upgrade path for our ever-important marketplace. If you used the first version of the ChonksMarketplace contract in any way – buys, listings, or bids – we'll have something for you in the new year. We'll let everyone know when the new marketplace is open later today. As always, comments, questions, and feedback are more than welcome. Thanks! Backseats and @marka

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