TopBidder is a radical auction protocol of NFT. The artist, by renovating NFT protocol, introduced bidding function to enable the on-blockchain auto-transfer of asset ownership and control power. Each bidding price shall increase by a fixed percentage of 10% to ensure the premium to be allocated to original artist, previous bidder, community supporter and sponsor of bidder. Such mechanism ensures the permanent circulation of art works even if collectors are not willing to sell or private keys are lost. Only the bidder with the highest price can own the art work, and the original artist is encouraged by the permanent share of earnings on a fixed rate.
The protocol of TopBidder, rather than any piece of art work auctioned on this platform, is the work of the artist. The artist puts forward a new set of rules on the underlying logic of art market, helps all involved artists to be preponderant in the market, meanwhile it also creates a novel type of art form, i.e., bidders become co-creators of art work and can be recorded permanently in blockchain along with the circulation of work.
TopBidder这个拍卖协议是艺术家的作品，而并非平台内拍卖的某一副作品。艺术家对艺术品市场的底层逻辑提出了新的规则，让艺术家占据主动权。同时创造了一种新的艺术创作形态 —— 竞拍者可以成为作品的共同创作者，并伴随作品的流转永久记录在区块链之上。