Introduction
Last updated
Last updated
Bidds, originally known as onXRP, has been the leading NFT marketplace on the XRP Ledger. Since its inception in January 2022, Bidds has played a pivotal role in the XRPL NFT ecosystem, handling over 62% of total NFT-related on-chain volume. This impressive achievement led to the Coreum Foundation granting onXRP the means to integrate with Coreum. However, the onXRP team ambitiously sought to transcend these initial accomplishments by launching Bidds – a more advanced and integrated platform connecting both XRPL and Coreum. Since its marketplace launch on November 1, 2022, Bidds has executed a remarkable volume of 38,000,000 XRP, distributed 835,000 XRP in royalties to creators, connected 40,400 wallets, and minted over 480,000 NFTs.
The primary goal of Bidds is to become the premier NFT marketplace within the Cosmos ecosystem, leveraging the inter-blockchain communication protocol (IBC) to facilitate accessibility across various chains. This innovation will allow for the purchase of NFTs using tokens from any IBC-integrated chain. Bidds is dedicated to fostering a flourishing NFT ecosystem on Coreum, aiding creators in successful launches, and propelling the OXP token into the forefront of the multichain arena. By creating liquidity pools for OXP and striving for listings on tier-1 central exchanges, Bidds aims to enhance the accessibility and prominence of OXP. The overarching mission of Bidds is to establish itself as the top NFT marketplace in the Cosmos ecosystem and ensure Coreum's strong positioning for NFTs, aspiring to rank among the top 10 NFT marketplaces globally.
Bidds uniquely integrates both XRPL and Coreum, offering a seamless user experience through a simple interface toggle. Users can switch between chains effortlessly while remaining on the same platform page, exemplifying the ease of multichain interaction.
Bidds caters to a diverse audience, ranging from sophisticated traders to first-time collectors, supporting everyone from projects and companies to artists, builders, creators, developers, and even those new to the NFT space. The platform's design is user-friendly yet robust enough to satisfy both 'degens' and 'grandmas', ensuring a wide appeal.
At the heart of Bidds is a commitment to accessibility, innovation, and community support. The platform is built on the principles of user-friendliness, inclusivity, and continuous improvement, aiming to demystify the NFT marketplace for a broad audience while providing advanced features for experienced users. Bidds is dedicated to fostering a vibrant community where creativity, collaboration, and technological advancement thrive.
