Bounce Brand has launched a new brand branch, Bounce Auction, focusing on on-chain physical auctions.
The project Masters of Time's luxury watch auction series is launched on the Bounce app, auctioning luxury watches in the form of on-chain lottery every two weeks. Participants can purchase tickets for 5 AUCTION tokens, and a single address can buy multiple tickets. After the auction ends, winners are randomly drawn, and the holder of the watch can receive an NFT as proof of ownership. Winners can collect their watches on-site at the event. The first auction features the Audemars Piguet Royal Oak series automatic on-chain wristwatch.