horsefacts
@horsefacts.eth
I've seen a few people mention that "the auction is offchain," but in fact all the auction mechanisms are in a smart contract that handles bidding, escrow, refunds, and settlement. Similar to Nouns, Zora Auction House, and Mirror. Bids are authorized with an offchain signature in order to limit participation to Farcaster accounts. (At least for now). But the mechanism and logic are transparent and onchain. Has been fun to revisit an old idea (ascending escrowed auction with refunds) with cheap gas and much better tech on the frontend. https://github.com/farcasterxyz/collectible-casts/blob/main/src/Auction.sol
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horsefacts
@horsefacts.eth
Some directions it could go from here: 1. Try new auction parameters and mechanisms. Reserve price, bid-to-earn, splits, etc. 2. Extend bidding to other Farcaster apps or open auctions to the public. 3. Move metadata more fully onchain. Pin on Snapchain, store on IPFS, put raw message data in events/bytecode.
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rubinovitz
@rubinovitz
nice work mr. horse
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0xmons ✝️
@xmon.eth
Next step is adding in a min % bid increase and send a share to the previous bidder when someone outbids Bid to earn 🔥🔥🔥
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Trish🫧
@trish
Once you own one, are they transferable?
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Aurel
@aurel.eth
The documentation says "the logic is implemented in an offchain auction service" right now: https://farcasterhq.notion.site/Collectibles-2306a6c0c10180d7a917c24892662a3c
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seb
@seb
https://farcaster.xyz/seb/0x542b3b6a
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Corbin Page
@corbin.eth
Simple and clear pricing mechanism 👍 and thanks for sharing the contracts horsefacts!
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edit
@edit
i hate you for adding this line to the readme: CLAUDE.md - Notes for our buddy Claude
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mistershot
@mistershot
Love this!! I am just experimenting now. Would be cool if the artwork was dropped to the winning bid automatically. Who is building this?? 💙 https://farcaster.xyz/mistershot/0xbcd2574b
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Tonia Packer 🐱
@tohpac1
I hope this lasts for long. Kudos to the team.
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noice
@noicebot
https://app.noice.so/?castHash=0xb0b9d1a230e5b71943a7a8c514f87abf42913532×tamp=1753252212740
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