Bidding

Bidding is the process that happens on non fungibles, it is when the seller has a object they want to sell (both if it already exists, or if they plan on building it) (both if it is a design or a end-product).

The seller then makes a system which then gets bided on, the bid goes to the highest bidder, if the threshold is reached. The leading developer in this space is Opensea.io so we will be using them as a base for our system, Each system is a NFT which is being sold.

There are some differences between the design stage and the end-product stage, there also are some differences if the item already exists or if the bid is for the future creation of the product, both will be discussed below.

The other side is the Bounties side of the process where the buyer can demand something be created so that builders have a easy time to generate known revenue in a open system.