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  1. Beginner's Guide
  2. Selling NFTs

How to list NFT for auction

Auction is a feature on Dagora that helps NFT’s owner sell their items at the highest price. It’s a process of offering bids, taking bids, and then selling NFT to the highest bidder.

PreviousHow to list/ cancel listing NFTsNextHow to view and accept offers

Last updated 2 months ago

Currently, selling NFTs to the lowest bidders is not supported yet

🛠️ Connect wallet |

Step 1: On Dagora, access your Profile page and click on the NFT you want to create an auction for.

Check guide to View Collection and NFT list to find the favourite NFT.

Step 2: On the NFT details screen, click the Auction button

Step 3: Fill in the information on the Auction screen then click on the Listing button

  1. Set a Starting Bid price (Price must be greater than 0.0001)

  2. Choose a token that you want to pay with

  3. Input a Maximum Bid price

  4. Choose Duration

Note: You need to check the auction's duration carefully before creating an auction. Canceling the auction at any time is not allowed.

Step 4: On the Review Auction Listing page, click Confirm to create an auction and move NFT to blockchain's contract.

Step 5: Once the creation is completed, you will see a notification Your NFT Has Been Listed

  • Click Continue Listing → You will be directed to your Profile page to continue listing

  • Click View NFT button → Click to view NFT details

  • Click View Transaction button to open a new tab to see the transaction history on blockchain

When auction ended, there are some cases that happen as below:

Case

Non-EVM (Sei, Injective)

EVM

The user bids successfully

Dagora automatically transfers NFT item to the winner's wallet after the action ends

Dagora automatically transfers NFT item to the winner's wallet after the action ends

The user bids unsuccessfully

The user will receive the token back to the wallet.

The bid is auto cancelled

User wins but not enough token to pay owner

User's funds will be kept in the contract while bidding, so this case will not happen

System will auto find the next bidder who has enough balance to auto process the Auction.

After the Auction ended and there is no winner

The owner need to click "Cancel Auction" to claim NFT

The owner automatically get the NFT back

Note: Listing NFT is an on-chain transaction, you need to prepare native tokens of each blockchain to pay for

🧭
the gas fee
💵 Cost gas fee