What is a Collection Offer?
A Collection Offer allows buyers to propose a fixed price for any NFT in a specific collection. Unlike individual offers, these are open to all NFTs in the collection, and any holder can choose to accept the offer.
How to Make a Collection Offer
Navigate to the Collection Page:
Use the search bar or explore page to locate the collection you’re interested in.
Open the Collection Offers Tab:
On the collection page, click the "Offers" tab to view all current collection offers.
Click "New Collection Offer":
Click the "New Collection Offer" button to create an offer.
Set Your Offer Details:
Enter the amount of ADA you’re offering for each NFT in the collection.
Specify the number of offers you want to make (e.g., if you wish to buy multiple NFTs at this price).
Confirm Your Offer:
Double-check the details and confirm the transaction. Your ADA will be locked in the smart contract until the offer is cancelled or accepted by a seller.
How to Manage Collection Offers
View Sent Offers:
Access your profile and go to the "Offers" tab. Navigate to the "Collection Sent" section to view offers you’ve placed.
Update or Cancel Offers:
Click "View Offers" next to the collection. From here, you can update your offer amount or cancel the offer entirely. Cancelling an offer will immediately return the locked ADA to your wallet.
How to Accept a Collection Offer
Locate Received Collection Offers:
Navigate to your profile, go to the "Offers" tab, and open the "Collection Received" section.
Review Offers:
Check the offers available for your NFT collection. The "Top Offer" column shows the highest current collection offer.
Accept the Offer:
Click "View Offers" next to the collection to see all details.
Select the NFT you wish to sell at the offer price and confirm the transaction.
Important Details to Keep in Mind
No Counter Offers: Sellers cannot counter a collection offer. They can only accept it.
Locked ADA: When a collection offer is made, the ADA is locked in the smart contract. If the offer is accepted, the ADA is sent to the seller. If the buyer cancels the offer, the ADA is returned to their wallet.
Notifications: Buyers will receive a notification when their collection offer is accepted, but sellers are not notified when new collection offers are made.
