Candle Auctions on ink!: DIY NFT Sales

The rising NFT market is approaching $12bln in 2021. Despite been touted as a democratizing force for art, relevant researches show that it is still quite far from finding sustainable pricing models. It is exposed to market manipulation and it has an increased entry threshold. To beat all of these shortcomings, let’s Do It Yourself by designing a fair-price Candle Auction smart contract (Github link) to be run on a Polkadot parachain and see how it plays out.