PartyBid is a product that lets groups of people combine their capital and bid on NFT auctions together. Anyone can create or join a PartyBid, contribute ETH, and place bids as part of a collective.
I'm fascinated by this concept and would love to see more applications of this group investing model. Also kudos to whoever did the branding. PartyBid is good vibes.
I really did the collaborative ownership model. It's a great way for a group of friends or even a club at a school to experiment with the technology while granting partial ownership.
@caseyshelby
But is it going to be profitable? I mean, I get that in the end, you'll have to share your earnings with the whole group, but is it actually more effective than bidding on NFT yourself? I don't really understand it because I'm used to just buying an NFT and waiting for it to rise in price. When I bought a card from myimpactpower, I wasn't even sure if there was an option to bid because the price there was stable, and that's cool. I don't think it's interesting to bid and wait for something to happen.
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