We are excited to announce the launch of Global Offers on MakersPlace to smooth, simplify, and speed the process of acquiring a multi-edition NFT artwork.
A Global Offer is a single offer that, when placed, is submitted to all editions of a multi-edition artwork. The winning offer will go to the first seller to accept the offer.
This has been one of the most requested features from collectors as an easy way to acquire an edition of artwork without submitting individual offers to multiple owners across every edition.
Global Offers help NFT collectors and creators by
- Providing a simple way for a collector to submit an offer on all editions by submitting a single global offer.
- Providing helpful notifications to both bidder and edition owners so they can easily follow the global offer.
- Seamlessly incorporating global offers and individual offers to eliminate friction in understanding how to submit, accept, cancel, and reject a global offer versus a regular offer.
How Global Offers for NFT Editions Work
At the time of bid, collectors are given the option to submit a global offer to acquire any of a limited edition or a single bid for a specific numbered edition (e.g., number one of ten). Global offers are only available on editions with 2+ owners.
Collectors have the option to make an offer in ETH or fiat (via credit card) as with any normal offer.
If there is an existing offer (global or not), future offers must be higher than the highest global offer or offer on the edition.
A global offer can be rejected by individual edition owners. Rejecting a global offer only hides the offer from the owner’s view, but doesn’t actually cancel the offer. The bid remains open until the bidder updates or cancels their offer.
A global offer made in ETH can be updated by the existing bidder, allowing them to add additional ETH to increase their offer rather than submitting a brand new offer. This benefits the bidder by avoiding unnecessary gas fees and avoiding the need to hold more than you intend to bid.
To stay up to date on new product features and NFT drops, subscribe below.
Read More: rare.makersplace.com