Please fill in these details describing the new feature you'd like to see added to the UI. Please be as specific as possible.
User Story
As a collector on the web app, I should be able to bid on open auctions of Arbor project NFTs and bid anonymously using ZKPs. After a given auction time window, the highest bidder wins the ability to mint the given NFT and own it, and is paid for by the winning bid for that price. Bids are locked in prior to minting, to prevent users from spamming auctions but never minting the tokens.
The current fixed-price model will need to be refactored. The existing NFT smart contract will need to be altered to respect the current bid price instead, which will be available in a newBlindAuction.sol contract
Acceptance Criteria
Leverage MACI or Semaphore to turn the fixed price buying model into an auction model
Implement the voting and auction to happen in its own smart contract
Collaborators can choose when to auction their song
Bidders submit bids anonymously using ZKPs, the bid funds are deposited into the smart contract
When a user is outbid, they receive their funds and the new bid becomes the current high bid
After a given time, the current bid and bidder get’s approved from the token collection to be a minter, and is able to mint the token
This could happen automatically at the end of auction
New Feature
Please fill in these details describing the new feature you'd like to see added to the UI. Please be as specific as possible.
User Story
As a collector on the web app, I should be able to bid on open auctions of Arbor project NFTs and bid anonymously using ZKPs. After a given auction time window, the highest bidder wins the ability to mint the given NFT and own it, and is paid for by the winning bid for that price. Bids are locked in prior to minting, to prevent users from spamming auctions but never minting the tokens.
The current fixed-price model will need to be refactored. The existing NFT smart contract will need to be altered to respect the current bid price instead, which will be available in a new
BlindAuction.solcontractAcceptance Criteria
Resources
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