Welcome PartyBid 2.0 🎉
Dear Bankless Nation,
Earlier this week I wrote “How to bid on NFTs with your friends,” a Bankless tactic on how to use PartyBid.
Check out the post if you haven’t yet! But if you’re still catching up, the tl;dr is that the dapp makes it easy for groups to collectively bid on choice NFTs, e.g. CryptoPunks.
I return your attention to PartyBid now because today its creators, PartyDAO, just released a new optimized version of the dapp that’s going to level up group bidding for the entire NFT ecosystem.
Here’s what you need to know 👇
If you’re still getting up to speed on PartyBid, note that the dapp’s initial version supported group bidding only on Foundation or Zora NFT auctions.
That said, now PartyDAO is widening the playing field in a big way. That’s because the newest version of their flagship dapp supports all “Buy Now” listings on OpenSea!
Remember: OpenSea is home to millions of NFTs, so this integration considerably expands the reach of PartyBid users. Also, the “Buy Now” option opens up new sorts of collective collecting possibilities. In a press release shared with Metaversal, PartyDAO explained:
“To create a Party on an OpenSea listing, all you need to do is paste the link to that item into the regular Party creation form. The Party experience is the same as usual, but with one major difference: when the Party has enough ETH, it can purchase the item instantly. No waiting for a 24 hour auction to complete, or competing with other bidders.
While Parties have typically been large social coordination efforts to buy high-priced items at auction, this release allows any given Party to move much more quickly, raising capital and buying an item instantly with a tightly coordinated group of people.”
Token-gated Parties arrive, too
Another one of the major features of the new version of PartyBid is token-gated Parties.
Many on-chain communities are blooming around the Ethereum, DeFi, and NFT ecosystems lately. This new PartyBid functionality offers them the ability to party up and “raid bid” on NFTs together in curated and customizable fashion.
For example, you can now create a Party that’s only open to holders of a particular ERC-20 token, and you can also specify a minimum threshold of ownership for participation. This will give DAOs and even just groups of friends the ability to set up special collecting events and beyond.
🎊 More PartyBid resources 🎊
A new NFT social hub
The final pillar of PartyBid’s 2.0 rollout is the dapp’s madeover website.
Notably, the new system now supports user profiles, trending Parties, a central activity feed, and an overhauled UI in general.
These frontend advances make the project even more socially-focused than it was before. In this regard, PartyBid 2.0 is now more like an NFT social network than a mere group bidding dapp. Keep it on your radar accordingly, I say!