Auction Types Explained

AstaVerse offers three specialized auction types, each optimized for different items and use cases. Choose the right type for what you're selling.

Quick Comparison

Feature	Image	Digital	Physical
Settlement	Instant	After Confirmation	After Confirmation
Escrow	No	Yes	Yes
NFT Certificate	Yes	No	No
Delivery Method	Automatic	File upload	Ship + track
Buyer Protection	NFT Certificate	7days if no dispute	As long as delivery is still on
Best For	Art, photos	Files, docs	Real items
Platform Fee	0.0006 ETH	0.001 ETH	0.0013 ETH

Image Auctions

What They Are

Digital artwork, photography, and graphics that deliver instantly with an NFT certificate.

How They Work

Auction Ends
    ↓
Winner Identified
    ↓
NFT Minted Automatically
    ↓
Full Resolution Unlocked
    ↓
Funds Released to Seller (Instant)

Key Features

Instant Settlement - No waiting period

NFT Certificate - Blockchain proof of ownership

Immediate Access - Winner downloads instantly

No Escrow - Direct payment to seller

Lowest Fee - 0.0006 ETH or 4 TBASE

Perfect For

• Digital art and illustrations

• Photography collections

• Graphic designs

• AI-generated artwork

• Memes and collectibles

Seller Requirements

• High-resolution image file (JPG, PNG, GIF, WebP)

• Maximum 50 MB file size

• Original or licensed content only

What Happens After Sale

1. NFT minted to winner's wallet

2. Full-resolution file unlocked

3. 98% of winning bid paid to you instantly

4. Transaction complete - no further action needed

Digital Auctions

What They Are

Digital files and content that require escrow protection for secure delivery.

How They Work

Auction Ends
    ↓
Funds Held in Escrow
    ↓
Seller Delivers File (within 7 days)
    ↓
Buyer Reviews & Confirms
    ↓
Funds Released (Auto after 7 days)

Key Features

Escrow Protection - 7-days buyer protection window

Secure Delivery - File uploaded after sale

Dispute Support - Admin mediation available

Chat Enabled - Coordinate with buyer

Fair Fee - 0.001 ETH or 6 TBASE

Perfect For

• eBooks and digital courses

• Software licenses

• Templates and presets

• Music files

• Video content

• 3D models and assets

Seller Requirements

• Preview image for marketplace

• Main file ready for delivery (up to 100 MB)

• Clear file format description

• Delivery within 7 days

What Happens After Sale

1. Funds locked in escrow smart contract

2. Upload your file via secure link

3. Buyer downloads and reviews

4. Buyer confirms OR 7 days pass

5. Funds automatically released to you

Delivery Process

Within 7 days:

1. Go to "My Auctions"

2. Click "Upload File" on sold auction

3. Upload your file to IPFS

4. Buyer receives download link

5. Wait for confirmation or auto-release

Physical Auctions

What They Are

Real-world items that require video proof and shipping coordination.

How They Work

Auction Ends
    ↓
Video Proof Required
    ↓
Funds Held in Escrow
    ↓
Seller Ships Item
    ↓
Buyer Confirms Delivery
    ↓
Funds Released

Key Features

Full Escrow - Maximum buyer protection

Video Verification - Prove item condition

Shipping Coordination - Chat with buyer

Dispute Protection - Evidence-based resolution

Highest Fee - 0.0013 ETH or 8 TBASE (covers extra work)

Perfect For

• Collectibles and memorabilia

• Physical artwork

• Books and magazines

• Electronics and gadgets

• Clothing and accessories

• Rare items and antiques

Seller Requirements

• Multiple clear photos

• 30-60 second video walkthrough

• Honest condition description

• Ability to ship within 7 days

• Tracking number capability

What Happens After Sale

1. Funds locked in escrow

2. Coordinate shipping via chat

3. Provide tracking number

4. Buyer confirms receipt

5. Funds released after confirmation

Video Requirements

Your video must show:

• Item from all angles

• Any serial numbers or authenticity marks

• Functionality (if applicable)

• Current condition and any flaws

• Packaging (if brand new)

Tips:

• Good lighting

• Stable camera

• Clear audio if speaking

• 30-60 seconds ideal length

Which Type Should I Choose?

Choose IMAGE if:

• Selling digital art or photos

• Want instant settlement

• Buyer should get NFT certificate

• No physical delivery needed

Choose DIGITAL if:

• Selling files or digital content

• Not suitable for NFT format

• Want buyer protection period

• Need secure file delivery

Choose PHYSICAL if:

• Selling real-world items

• Need to ship something

• Want maximum trust/protection

• Can provide video proof

Fee Comparison

Type	Platform Fee (ETH)	Platform Fee (TBASE)	Success Fee
Image	0.0006 ETH	4 TBASE	5%
Digital	0.001 ETH	6 TBASE	5%
Physical	0.0013 ETH	8 TBASE	5%

Why different platform fees?

• Image: Lowest (simple, instant)

• Digital: Medium (escrow + file delivery)

• Physical: Highest (escrow + video + shipping coordination)

Escrow vs. Instant Settlement

Instant Settlement (Image)

• Funds released immediately

• No waiting period

• No disputes possible

• Winner trusts the preview

Escrow Settlement (Digital/Physical)

• Funds locked for 7 days

• Buyer can confirm early

• Disputes possible if issues

• Full buyer protection

Can I Change Type After Creation?

No. Auction type is permanent once created on blockchain.

Tips:

• Choose carefully before creating

• Read this guide fully

• Ask in Discord if unsure

Related Guides

• Create Your Auction →

• Choose Payment Method →

• End & Deliver Items →

Next: Choose Payment Method →