NFT Marketplace

Smart Contract System

A comprehensive NFT marketplace system supporting fixed-price listings, English auctions, and peer-to-peer offers with institutional-grade security.

Core Features

Fixed-Price Listings

Direct NFT sales with instant purchase capability at fixed prices set by sellers.

English Auctions

Time-based auction system with competitive bidding and automatic winner settlement.

Royalty System

Creator royalties on secondary sales with automatic distribution to designated addresses.

Auction Mechanisms

English Auction Details

  • Ascending bid mechanism
  • Configurable duration
  • Minimum bid increments
  • Automatic winner settlement

Buyout Options

  • Immediate buyout price
  • Auction termination on buyout
  • Seller flexibility
  • Buyer convenience

Security Features

Protection Mechanisms

  • ReentrancyGuard on all transfers
  • CEI Pattern enforcement
  • Approval Validation checks
  • Auction State Verification

Risk Mitigation

  • Double-spend prevention
  • Invalid auction state handling
  • Unauthorized access prevention
  • Royalty manipulation resistance

Comprehensive Testing

Full test coverage for all marketplace operations including listings, auctions, offers, and royalty distributions.

FeatureTestsScope
Fixed Listings25+Create, cancel, purchase listings
English Auctions35+Bidding, settlement, buyout logic
Royalties20+Distribution, calculations, edge cases
Security15+Reentrancy, state validation