# Introduction

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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.

## Goals and Mission

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.

## Engagement with XRPL and Coreum

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.

## Target Audience

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.

## Core Values

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.


# Bidds: XRP Ledger and Coreum

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Bidds operates at the forefront of blockchain innovation by integrating two powerful and distinct platforms: XRPL (XRP Ledger) and Coreum. This dual-chain integration is a strategic move designed to leverage each platform's unique strengths, thereby offering a more versatile and robust NFT marketplace.

On XRPL, Bidds has established itself as a market leader, renowned for its significant on-chain NFT volume and a wide array of functionalities tailored to the needs of the XRPL community. The platform’s deep roots in the XRPL ecosystem are a testament to its commitment to providing top-tier services to its users on this chain.

The integration with Coreum marks a significant expansion of Bidds' capabilities. Coreum, known for its innovative smart token technology, opens up new possibilities for Bidds in terms of programmability (due to smart contracts), scalability, speed, and flexibility. This integration allows Bidds to explore novel functionalities and services, enhancing the overall user experience.

## Seamless User Experience

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Bidds' design philosophy centers around creating a seamless and intuitive user experience when navigating between XRPL and Coreum. Users can effortlessly switch between the two chains with a simple interface toggle, maintaining a consistent and fluid experience. This ease of use is critical in making blockchain technology and NFT trading accessible to a broader audience, regardless of their technical expertise.

## Mutual Enhancement

The synergy between XRPL and Coreum within the Bidds platform exemplifies the concept of mutual enhancement. While XRPL provides a solid foundation with an established user base and proven track record, Coreum introduces cutting-edge features and scalability. This combination results in a marketplace that is not only highly functional but also future-proof, ready to adapt to the evolving blockchain landscape.

## Embracing a Multichain Future

Bidds’ dual-chain approach is more than a technical integration; it’s a strategic alignment with the vision of a multichain future. By embracing both XRPL and Coreum, Bidds positions itself as a versatile and dynamic platform capable of adapting to and capitalizing on the diverse opportunities presented by different blockchain ecosystems.


# Coreum Domains

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Coreum Decentralized Domains (CDDs), identifiable by their ".core" suffix, mark a new era in domain ownership and control. Unlike traditional Web-2 domain systems where users typically rent domain names, CDDs, managed via smart contracts on the Coreum blockchain, offer users complete ownership. This approach to domain management represents a paradigm shift, emphasizing decentralization and user autonomy.

## Functionality and User Ownership

CDDs provide exceptional flexibility and control, allowing users to directly map their domains to Coreum addresses, other domains, or any machine-readable identifiers. This capability enables a myriad of applications, from personal branding to intricate organizational structures. Furthermore, users can create multiple subdomains under their primary domain, each potentially leading to different digital destinations or resources.

## Decentralization and Integration

The decentralized nature of CDDs on the Coreum blockchain guarantees that users maintain full authority over their domains. This integration within the Bidds platform is a testament to our commitment to embracing cutting-edge blockchain innovations, providing users with enhanced control and a future-proof domain solution.

## Collaborative and Open Development

Beyond individual use, CDDs encourage collaborative and open development. Developers, creators, and entrepreneurs can build upon these domains to innovate and expand the Coreum ecosystem. This open-source approach fosters community-driven innovation, enriching the domain's utility and applications.

<figure><img src="https://117788296-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FXdzLAgghJIDQm5tpDpy2%2Fuploads%2FucsbPKVb5iO0JxJdTV4R%2Fdomain%20.png?alt=media&amp;token=0051a6a5-bdea-40e0-a7bc-c5438317d8b4" alt=""><figcaption></figcaption></figure>

## Referral Program, Community Involvement, and White Label Solutions

Bidds actively fosters community engagement with a referral program for CDDs. Users can share a unique link, earning a 6.9% commission in perpetuity for each new customer they onboard. Additionally, we offer white-label solutions for companies interested in providing Coreum Domains to the public. This arrangement allows companies to present these domains under their brand, with the benefit of receiving commissions for their sales efforts. This model not only promotes the widespread adoption of CDDs but also opens avenues for businesses to participate and profit in the expanding digital domain landscape.


# 3rd Party Domain Integrations

Coreum decentralized domains is enabled by the bidds decentralized domains smart contract, deployed on February 8, 2024. The contract has been fully audited and delivers an on-chain name resolver for the Coreum blockchain. As with any name service contract, the contract will need to be supported by third party applications utilizing the same blockchain in order for users to see and use their unique names on those applications. For this reason, the bidds team is actively lobbying with legacy cosmos wallets and builders on the Coreum network to make sure its users can make use of their unique names as much as possible. As of the launch of the naming service, the smart contract has only recently been deployed and the Coreum ecosystem is still very young. Many third party integrations are therefore yet to be implemented by those parties. This page will act as an ongoing journal to document the status of integration efforts.

Some larger dApps, such as various Cosmos wallets, may lack in time and resources to handle every integration request expediently and may take more pressure and patience from the bidds team to fulfill integration. If you, as a user, wishes the bidds naming service to be supported by a particular dApp, it will always help our efforts if you make a friendly support ticket with the dApp requesting their integration, showing their team that there is demand for the integration.

## Prospective applications

### Keplr

Type: wallet

Status: Name resolver contract submitted by bidds team for integration

### Cosmostation

Type: wallet

Status: In contact with the Business Development team

### Leap

Type: wallet

Status: Various contact requests made by the bidds team to discuss integration, ongoing effort required.&#x20;

### Whelp

Type: defi platform

Status: contacted

### Lunarspace

Type: ERP system

Status: contacted

### Pulsara

Type: defi platform

Status: contacted

### D’cent

Type: hardware wallet

Status: contacted

### Zeeve

Type: RaaS platform

Status: Contacted

### Foxwallet

Type: wallet

Status: contacted

### Coreum explorer

Type: explorer

Status: In conversation with Coreum core team

<br>


# The NFT Marketplace

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The Bidds marketplace, initially launched as onXRP and now evolved to encompass Coreum, offers a state-of-the-art trading experience for digital assets, particularly NFTs. The marketplace is designed to cater to a wide range of users, from seasoned traders to newcomers in the NFT space.

## Features on XRPL and Coreum

Bidds harnesses the unique strengths of both the XRPL and Coreum platforms to provide diverse functionalities:

* XRPL: Known for its efficiency and speed, the XRPL integration allows for swift and secure transactions. Bidds on XRPL offers users a reliable and streamlined experience in trading NFTs, taking advantage of the ledger's robust infrastructure.
* Coreum: Integration with Coreum brings additional layers of programmability, flexibility, and innovation to Bidds. The smart token technology of Coreum enables advanced features like unique asset creation, enhanced transaction capabilities, and the potential for expanded interoperability across different blockchain ecosystems.

## User-Centric Design

<figure><img src="https://117788296-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FXdzLAgghJIDQm5tpDpy2%2Fuploads%2FIreLafj37okWtV7OF85x%2FLaunchpad%202.png?alt=media&amp;token=a2a26ba9-5239-4119-acbd-8ff36c4bbb44" alt=""><figcaption></figcaption></figure>

The marketplace is crafted with a focus on user experience. It boasts an intuitive interface that simplifies navigation and trading processes, making it accessible for users at all levels of blockchain proficiency. The platform's design ensures that whether a user is on XRPL or Coreum, the experience remains seamless and user-friendly.

## Advanced Functionalities

Bidds is not just about buying and selling digital assets; it's a comprehensive ecosystem that includes:

* Launchpad: A feature that facilitates primary sales and supports creators and projects in launching their NFT collections.
* Secondary Market: A dynamic trading space where users can buy, sell, and explore a wide range of NFTs.
  * Smart contract based features like collection offers, batch buying in one TXN, and other smart contract-based features will only be available on Coreum
* Detailed Analytics: Providing users with insights into market trends, asset performance, and more.
* Community Features: Tools for user interaction, collaboration, and community building within the marketplace.

## Future Developments

Continuously evolving, Bidds plans to introduce more innovative features, enhancing both the XRPL and Coreum platforms' capabilities. This forward-thinking approach ensures that the marketplace will not only meet current user needs but also adapt to future market trends and technological advancements.


# The OXP token

The OXP token serves as the cornerstone of the Bidds ecosystem, playing a vital role in powering the diverse functionalities across both the XRPL and Coreum platforms. As a multifaceted utility token, OXP can be seen as the gas token that fuels the layer-2 NFT ecosystem.

## Utility and Applications

* Transaction Facilitation: OXP is used to streamline transactions within the marketplace. Its role as a 'gas' token simplifies processes, a singular token that can buy NFTs on both chains.&#x20;
* Creator Support and Royalties: The token is instrumental in supporting creators on the Bidds platform. Bidds decentralized its marketing spots on the homepage. Users can burn OXP on their favorite project page in order for them to be visible on the homepage.

## Integration Across XRPL and Coreum

* Cross-Chain Functionality: OXP's integration across XRPL and Coreum underscores its versatility. It bridges the two platforms, allowing users to engage fluidly within the Bidds ecosystem regardless of the underlying blockchain.
* Enhancing Liquidity and Accessibility: Plans for creating liquidity pools and ensuring the availability of OXP on major exchanges are geared towards bolstering its accessibility and utility within the broader blockchain landscape.

## Future of OXP

* Strategic Development: Bidds is committed to strategically developing OXP, ensuring it remains a relevant and functional asset within and potentially beyond the Bidds ecosystem.
* Market Expansion: The goal of having OXP listed on tier-1 exchanges and creating easy onramp solutions is to have OXP listed on tier-1 exchanges and the creation of easy onramp solutions are part of a broader vision to enhance its market presence and utility.
* Within the Coreum ecosystem a focus will be placed on enabling holders to participate in DeFi, Farming and Pooling. Emphasis will be placed on incentivizing this for $OXP.
* Once XRP Ledger AMMs go live, an OXP AMM will be created wherein people can trade and provide liquidity.


# Roadmap and Future Plan

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## Upcoming Features

* Cross-Chain Communication through IBC: We're excited about enabling users to buy NFTs with any asset from any Cosmos-based chain, directly on Bidds. This means no more hassling with asset bridging to your Coreum wallet – a big step in making NFT trading more fluid and accessible.
* Real-Time Data in the Marketplace: Say goodbye to constant page refreshing. We're enhancing our marketplace to show live updates. Every NFT listing, price change, or sale will be updated in real time, creating a more dynamic and responsive user experience.
* Making OXP More Accessible: As previously mentioned, our focus is on getting OXP listed on major exchanges. We aim to create convenient ways for people to trade and use OXP, enhancing its utility and presence in the market.

## Long-Term Goals

* Integrating Additional Cosmos Chains: Our vision includes integrating more chains within the Cosmos network into Bidds, but only if it aligns with our goal to be the number one marketplace in the Cosmos ecosystem.
* Support for Creators and Users: Continuously building a supportive and resource-rich environment for NFT creators and our community remains a top priority. We're committed to providing the best tools and opportunities for their success.
* Staying Ahead Technologically: We plan to stay at the forefront of blockchain technology, adopting new features and innovations that emerge in the blockchain space, ensuring Bidds remains a cutting-edge marketplace.

## Dedication to Coreum and the Cosmos Network

* Boosting Coreum's NFT Scene: A significant part of our mission is centered on elevating Coreum as a primary destination for NFTs within the Cosmos network. We believe in Coreum's potential and are dedicated to showcasing its strengths.
* Aiming High in Cosmos: Bidds strives to be a leading NFT marketplace within the Cosmos ecosystem. Leveraging the latest cross-chain features, we aim to enhance the overall user experience, making Bidds a top choice for NFT enthusiasts in the Cosmos network.


# Technical Aspects

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## 1. NFT Collection Contract

* Core Functionality: Manages the lifecycle of NFT collections, including minting, burning, freezing, and unfreezing of NFTs. Tailored for handling unique attributes and metadata of each NFT.
* Whitelisting Feature: Enables specific wallets to be whitelisted for holding or transacting in certain NFTs, enhancing control and exclusivity for special collections.
* Allowed Minters: Facilitates collaborations by allowing a list of authorized minters beyond the contract owner.

## 2. Marketplace Contract

* Primary Operations: Supports listing and unlisting of NFTs, offering both fixed price and auction formats.
* Offer Management: Dynamic trading environment enabled through functionalities for creating, accepting, rejecting, and removing offers on NFTs.
* Batch Functions: Batch operations for listing, offering, and buying multiple NFTs, enhancing user efficiency.
* Upgradeability: Designed for future adaptability using CosmWasm contract migration for new feature integration.

## 3. Launchpad Launch Contract

* Launch Initiator: Responsible for launching individual launchpad contracts for different types of sales, such as Random, Non-Random, and Category sales.
* Aggregator: Has the ability to list all Bidds launchpads and aggregate data from these launchpads.
* Late Reveal Support: Considers potential features like late reveals by altering URI/Base URI post-minting.

## 4. Launchpad Contract

* Sale Type Support: Accommodates various sale types and minting options, including multi-currency pricing and configurable minting times.
* Whitelisting and Fiat Integration: Allows for category-specific whitelisting and supports fiat-based minting options for traditional currency transactions.

## 5. Domain Name Resolver Contract

* Domain and Subdomain Management: Manages human-readable domain names, mapping them to wallet addresses or other identifiers on the Coreum blockchain. Allows for the creation of multiple subdomains under a single primary domain.
* Resolver Structure: Features a versatile structure for domain resolution, capable of associating different types of records with domain names, such as URLs, IP addresses, and Coreum addresses.

Charting is displayed using TradingView's technology a platform, where you can[ track the latest events in the Economic calendar](https://www.tradingview.com/economic-calendar/), watch live prices, and more.


# Community and Governance

onXRP/Bidds places a high value on maintaining a community-focused approach. With the launch of the NFT Marketplace and its features, open forums will be initiated to engage the community in meaningful discussions. These conversations will cover a range of important topics including new feature additions to the marketplace, the practical applications of $OXP, future planning, and more.

The idea of transitioning $OXP into a governance token is also on the table. This change could give community members a stronger voice in decision-making processes. As Bidds rolls out in the coming months, careful consideration will be given to determine if evolving $OXP into a governance token aligns well with the platform's goals and the community's best interests.


# Feature Explanation


# Collection Offers

Discover how to optimize your NFT collection purchases with Collection Offers on Bidds. This feature enables you to make offers on entire collections, saving time and providing sellers with the option to quickly liquidate their assets. Learn how Collection Offers function and how to maximize their potential.

Collection Offers on Bidds offer a streamlined approach to bidding on entire NFT collections. Instead of placing offers on individual items, you can set a price for the whole collection, saving time and effort. This feature is especially useful when bidding close to the floor price, as it eliminates the need for item-by-item offers.

To create a collection offer, First, go to the NFT collection where you'd like to place a collection offer.

On the Collection page, you'll find the "Collection Offer" button located at the bottom right corner of your screen.

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Clicking the button will open the Collection Offer Modal, where you can initiate the process of creating collection offers.

As visible in the figure below, you can easily select the quantity of offers you want to bring out, and the corresponding price with it.

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When you have confirmed all of the details and are ready to continue, click the "PLACE BIDD" button on the bottom of the modal.

After initiating the transaction, a confirmation message or prompt will be displayed from the wallet that you're using. Follow the instructions provided to complete the bidd process. Typically, you will need to open your wallet software or extension and confirm the transaction from there.&#x20;

Once signed, the bidds are live!

## Ladder Collection Offers (optional)

Additionally, you can set a laddered collection offer. This type of collection offer decreases the price of each sequential bidd with the percentage that you choose. Note that a laddered collection offer is only possible if your quantity is >1.

<figure><img src="https://117788296-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FXdzLAgghJIDQm5tpDpy2%2Fuploads%2FPdToH8O38m72Ap6wKwFG%2Fimage.png?alt=media&amp;token=061c5aaa-e400-4e3c-8510-ff3b735078a4" alt=""><figcaption></figcaption></figure>

## Trait Based Collection Offers (optional)

When the Collection Offer Modal is open, you are presented with the opportunity to create a collection offer based on specific traits. To do this, toggle the "Trait" button on the modal.

A search bar will appear, and you can search & select multiple attributes to make an offer on.

<figure><img src="https://117788296-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FXdzLAgghJIDQm5tpDpy2%2Fuploads%2FeT6P5yf4FWSj80ufmacK%2Fimage.png?alt=media&amp;token=fc2e7c12-7aeb-481b-902e-3ef14a2c9a70" alt=""><figcaption></figcaption></figure>


# Bulk Buying

Bulk Buying on the Bidds NFT Marketplace is a convenient feature that streamlines and simplifies the process of buying multiple NFTs at once.

To initiate this process, log in with your wallet on Bidds, and navigate to the collection page that you'd like to bulk buy NFTs from.

Once on the page, select the cards that you want to buy by clicking on the + button on the top right of each NFT card. As you make your selections, the chosen items are visually highlighted or marked indicate their inclusion.

<figure><img src="https://117788296-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FXdzLAgghJIDQm5tpDpy2%2Fuploads%2FWh8HFTgEcofOXktPs2KU%2Fimage.png?alt=media&amp;token=a5ad7aea-a3e3-457a-bdaf-062085d59294" alt=""><figcaption></figcaption></figure>

Once you have selected the number of items you wish to acquire, look on the bottom right for the "BUY NOW" button.&#x20;

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After clicking the button, it opens a modal where you can check the details of your selected items, the total price, and the royalties + fees associated with the purchase.

When you have confirmed all of the details and are ready to continue, click the "Purchase" button on the bottom of the modal.

<figure><img src="https://117788296-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FXdzLAgghJIDQm5tpDpy2%2Fuploads%2FLr9HzNQsDWry93bzNgFJ%2Fimage.png?alt=media&amp;token=957de93e-8f1d-4834-849a-53d0d11a06ce" alt="" width="354"><figcaption></figcaption></figure>

After initiating the buy transaction, a confirmation message or prompt will be displayed from the wallet that you're using. Follow the instructions provided to complete the buying process. Typically, you will need to open your wallet software or extension and confirm the transaction from there.&#x20;

Once signed, the NFTs are yours!


# Bulk Listing

Bulk Listing on the Bidds NFT Marketplace is a convenient feature that streamlines and simplifies the process of listing multiple NFTs at once.

To get started, first determine whether you want to list NFTs from multiple collections or from a single collection. If you're listing from multiple collections, you'll need to follow the steps outlined in this article from your profile page. If you're listing from a single collection, you'll complete the process from the "My Items" section on the respective collection page. In both cases, the following steps will guide you through the process efficiently.

For this explanation, we will list multiple NFTs from a SINGLE collection. As mentioned previously, navigate to the "my items" section on the collection page from which you want to list NFTs.

<figure><img src="https://117788296-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FXdzLAgghJIDQm5tpDpy2%2Fuploads%2FVH6pHF7iVtMpPbrLfvcC%2Fimage.png?alt=media&amp;token=635f5166-cd73-4301-80d1-c6bbe720e485" alt=""><figcaption></figcaption></figure>

Select the NFTs you wish to list for sale by inputting a price on the respective cards. As you make your selections, the chosen items are visually highlighted or marked indicate their inclusion.

<figure><img src="https://117788296-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FXdzLAgghJIDQm5tpDpy2%2Fuploads%2Fp4YxiSk012XNovccnCHU%2Fimage.png?alt=media&amp;token=0cd6e648-fa2c-476a-b170-bd014af96d9b" alt=""><figcaption></figcaption></figure>

Once you have selected and confirmed the number of items you wish to list, look on the bottom right for the "LIST ITEMS" button.&#x20;

<figure><img src="https://117788296-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FXdzLAgghJIDQm5tpDpy2%2Fuploads%2Ft5rNhGkyd8c5E6GdNjkm%2Fimage.png?alt=media&amp;token=07410016-504d-43b9-9666-4408969808a1" alt=""><figcaption></figcaption></figure>

Clicking this button opens a modal where you can review and confirm the details of your bulk listing.

If you are not satisfied with the prices you have previously put in, you can change them here, or set a price for all items in the top of the modal as shown below.

<figure><img src="https://117788296-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FXdzLAgghJIDQm5tpDpy2%2Fuploads%2FbUCtkYuQyMSbFr0BnW4c%2Fimage.png?alt=media&amp;token=e02cdbdd-d98a-4981-bfde-cc5c894a54da" alt=""><figcaption></figcaption></figure>

Once you have confirmed the details of your bulk listing, process by clicking the "LIST" button and a confirmation message or prompt will be displayed from the wallet that you're using. Follow the instructions provided to complete the listing process. Typically, you will need to open your wallet software or extension and confirm the transaction from there.&#x20;

Once signed, the NFTs are now listed!


# Bulk Transferring

Transferring multiple NFTs at once is a nifty feature on Bidds that streamlines the process and saves time for users looking to efficiently manage their NFT collections. In this article, we’ll walk you through the steps to complete a bulk transfer on the Bidds NFT Marketplace.

To begin the bulk transfer process, log in to the Bidds Marketplace with your wallet, and navigate to your profile.

Select the NFTs you wish to transfer by clicking on the + icon on the top right of each NFT card. As you make your selections, the chosen items are visually highlighted or marked indicate their inclusion.

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Once you have chosen the items for transfer, click the vertically dotted button on the bottom right, and the Transfer option will appear.

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In the designated field on the top of the modal, input the accurate wallet address where you want to send your NFTs. Take extra care when entering the address to avoid any errors, as transactions are irreversible. Once you have double checked everything, proceed by clicking the transfer button on the bottom of the modal.

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After initiating the transfer, a confirmation message or prompt will be displayed from the wallet that you're using. Follow the instructions provided to complete the transfer process. Typically, you will need to open your wallet software or extension and confirm the transaction from there.&#x20;

Once signed, the NFTs are sent to the new owner!