Bidds: Bringing Advanced NFT Infrastructure to Coreum

Coreum
3 min readDec 21, 2023

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Bidds, a recipient of the Coreum Grant Program, is on a mission to develop a premier NFT marketplace within the Coreum ecosystem. The team, originally from OnXRP, is applying their proven success and enthusiasm to create an engaging platform for NFT artists and collectors alike. With a focus on leveraging the advanced capabilities of Coreum, like Smart Tokens, Bidds is set to offer a unique and intuitive environment for exploring and trading your favorite digital assets. Explore the innovative journey of Bidds and how their unique approach is transforming the landscape of NFT marketplaces on the Coreum.

Community Driven NFT Marketplace

Bidds sets out with a compelling mission — to make Coreum one of the most accessible blockchains for NFT creators and collectors. Their goal is to cultivate a platform that is not only transparent and reliable but also exceptionally user-friendly, placing a strong emphasis on enhancing the user experience and fostering robust community interaction. This adaptive nature ensures that Bidds remains at the forefront of NFT innovation, in turn making Coreum an increasingly accessible and user-centric blockchain for the world of digital art and collectibles.

Join the Bidds community — twitter.com/BiddsonCore

Soulbound and Smart Token Features

Bidds plans to support advanced Smart Token features. Smart Tokens, a cornerstone of Coreum, allows for enhanced customization and programmability within NFTs. Giving creators the ability to mint digital assets with more complex attributes and behaviors. This could include advanced ownership rights like soulbound tokens, automated royalty distributions, or interactive elements that change based on certain conditions. The marketplace then not only becomes a hub for buying and selling digital art but also a platform for rich, interactive digital experiences.

The Role of Coreum Grant

The Coreum grant has played a pivotal role in the development of Bidds, contributing significantly to the project’s success and growth. The grant funding has served as a valuable resource, enabling Bidds to allocate necessary funds for the development and expansion of its platform. In a market where risk-taking can be challenging, especially for innovative projects, the grant has provided Bidds with the financial support needed to take bold steps and make substantial investments.

Partnerships and Expansion

As Coreum grows, Bidds aims to be the go to marketplace for all NFT communities on the chain. They hope to partner with new and emerging artists, while also helping established collections break through the noise with updated branding opportunities on the platform. The Bidds Launchpad will also help facilitate the mint and launch of promising new projects.

Apply to the Bidds Launchpad — bit.ly/3TuuRXX

About Coreum

Coreum, the world’s first Superledger. A 3rd-generation, layer-1 blockchain architected for enterprises of any size, from startups to large corporations. Providing a remarkable transactional speed of up to 7,000 TPS and ISO20022 compliance ensures expedient and economical transactions across a swift and secure PoS network.

As an Enterprise Graded Blockchain (EGB), Coreum introduces a new layer of programmability with ‘Smart Tokens’, enabling robust use cases through WASM-based smart contracts, including tokenized RWA’s and Neobanking applications.

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Coreum
Coreum

Written by Coreum

Blockchain infrastructure architected to meet critical scalability, security, and interoperability needs to power enterprise solutions on-chain. #Superledger

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