web3 with a16z crypto
a16z crypto, Sonal Chokshi, Chris Dixon
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Auction Design for web3
with @skominers @tim_roughgarden @smc90 All things auctions -- which applies in web3 contexts to everything from NFT mints to blockchains themselves. We provide an overview of auction types and incentive design, and how it works in both theory and practice -- including the nuances of market-clearing prices, gas wars, and more… sharing tradeoffs, choices, and principles for builders designing these systems throughout.
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