TopBidder is an unprecedented auction protocol based on Ethereum smart contracts and created by the artist CryptoZR with the assistance of their studio in December 2020.
TopBidder是艺术家CryptoZR团队在2020年12月创建的一个基于以太坊智能合约的新型拍卖协议。
The protocol adopts the radical market theory to implement a nonpermanent ownership over the crypto asset issuance mechanism,transforming NFT art into the Vickrey Commons.
该协议采用激进市场理论，实现了一种非永久占有型加密资产的发行机制，将NFT加密艺术品转变为维克里公物（Vickrey Commons）。
The TopBidder protocol improves the Ethereum ERC721 non-fungible token standard by adding a native bidding mechanism. Anyone can automatically acquire ownership of the NFT as long as the bid is 10% higher than the previous highest bidder.
TopBidder协议对以太坊ERC721非同质化代币标准进行改进，增加了原生的竞价机制，任何人只要出价高于上位竞标者10%，就可以自动获得该NFT拥有权。
This makes any NFT based on the TopBidder protocol have a natural automatic pricing mechanism, enabling trades without dependence on third-party NFT trading platforms, thereby achieving asset pricing autonomy.
这样使得任何基于TopBidder协议的NFT具备了天然的自动定价机制，使其交易不依赖于第三方NFT交易平台，从而实现了资产的价值自主权。
The TopBidder protocol avoids a situation where artworks cannot circulate due to collectors’ reluctance to sell or loss of private keys. Only the highest bidder can own the artwork, making these artworks free on the blockchain and redefining the concept of a “collection”.
TopBidder协议避免了因藏家惜售或私钥丢失而导致的作品无法流通，只有出价最高的竞标人才能拥有作品，使得这些艺术品在区块链上获得了自由，“收藏”的概念被重新定义。
At the same time, the protocol stipulates that half of the differential profit generated by each price increase is automatically distributed to the artist’s wallet address, achieving a permanent fixed percentage royalty for the artist on their artworks.
同时协议约定了每次价格提升时带来的差额利润的一半自动分发至艺术家地址，实现了艺术家对其作品的永久固定比例版税。
The remaining 30% serves as economic compensation for the previous high bidder and will be returned along with their original bid money.
而另外的30%作为上位藏家失去作品的经济补偿，与其原始竞拍资金一同退回。
The final 20% is distributed as profit to the owners of TopBidder protocol tokens.
最后20%作为协议的利润分配至TopBidder协议代币的拥有者。
The TopBidder auction protocol itself is the artwork created by the artist CryptoZR, not the NFTs issued within the platform.
TopBidder拍卖协议本身即是艺术家CryptoZR的艺术作品，而并非是平台内发行的非同质化代币。
The artist has proposed new rules to the underlying logic of the art market and created a new form of art creation – blockchain protocol type artworks.
艺术家对艺术品市场的底层逻辑提出了新的规则，同时创造了一种新的艺术创作形态 —— 加密货币协议形态的艺术品。