[Tutorial] How do I list an NFT via Auction?

It is simple to list an NFT through Openlake. Before the tutorial, make sure that you have completed wallet initialization.

Step 1: Select the NFT asset you want to sell

1.1. Go to “Account”→ “NFT Asset”→ “All NFTs”.

1.2. Click “Sell”.

Step 2: Complete information and signature

2.1. Select “Auction”.

2.2. Complete information and click “Next”.

Reserve Price is optional. When an auction ends, if the final bid price does not reach your reserve price, deal will not take place automatically. You can accept a bid below the reserve price.

2.3. Set Reward Ratio (Optional).

The Team Reward System is used as a promotional tool. Once you set reward ratio for your item, users who help you promote and make a deal will receive promotion yield. This will increase exposure of you item and encourage trades. Enabling this function is highly recommended.

2.4. Click “Sell” to complete signature via wallet.

Auction is created! People can place bids on your item now!