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Placing NFT offers and collection offers

Updated over a month ago

Placing offers on NFTs is one of the ways you can buy items on the marketplace.

There are two types of offers on Spaace:

  • NFT offers: offers that are made on a specific NFT

  • Collection offers: offers that are made on all the items of a collection as a whole

Placing offers on Spaace will earn you substantial XP rewards!
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Click here to learn more.

Using WETH (Wrapped ETH)

In order to place offers on Spaace, you will need WETH (Wrapped ETH). Here is how you can convert ETH into WETH:

  1. Head to the wallet menu in the top right of marketplace

  2. Hover your mouse over your WETH balance

  3. Click on Deposit

  4. Enter the amount of ETH you would like to convert into WETH. Your available balance is indicated for convenience.

  5. Click on Deposit and sign the wallet transaction.

  6. You now have WETH in your wallet ready for placing offers on Spaace!

Placing an NFT offer

NFT offers are offers that are placed on an NFT specifically.

To place an offer on an NFT:

  1. Choose any NFT

  2. Click on Make an offer

  3. Enter the price at which you would like to place the offer and set an expiration for your offer

  4. Click on Make Offer and confirm the transaction in your wallet

  5. That's it! Your offer has been successfully placed.

Note: you are able to place as many offers as you like. Placing offers will not lock or spend your WETH. Your WETH will remain available as long as nobody has accepted one of your offers yet.
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Example:

  • You own 1 WETH

  • You can place 5 offers at 1 WETH

  • Your 1 WETH will get spent once a user accepts one of the offers

  • All the other offers will get automatically canceled unless

Placing a collection offer

Collection offers are offers that are made on all the items of a collection at once. Once a collection offer is placed on a collection, all users that own an NFT from this collection are able to accept it and sell their NFT to you.

To place a collection offer:

  1. Choose any collection

  2. Click on Collection Offer in the bottom right of your screen

  3. Enter an offer price, set the amount of offers you wish to place and add a duration. Once ready, click on Place Offer.

  4. Confirm the transaction in your wallet

When placing collection offers, you have the following options:

  • Set to best offer: this will set your offer price at the current best offer on the collection

  • Quantity: you are able to place multiple collection offers at the same price*

  • Trait: you are able to place collection offers on specific traits that you are looking for in NFTs

  • Duration: set the duration of your collection offer

*In order to place multiple collection offers at the same price, you will need enough WETH.
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Example:

  • You want to place 3 collection offers at 0.5 WETH each

  • You would need 1.5 WETH

You might also have noticed these data points:

  • Distance from floor price: the distance between your offer and the floor price of the collection

  • Eligible to XP rewards: whether your offer will earn you XP rewards as part of the Prime Offers quest in the Battle Pass

To learn more about how the Prime Offers quest works and how to earn XP rewards when placing offers, click here.

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