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We’re excited to announce decentralized auction-as-a-service platform Bounce Finance’s integration of ZetaChain’s testnet. At ZetaChain, we’re on a mission to offer an EVM-compatible L1 blockchain that connects everything. A key part of this goal is providing users an easy and safe way to engage in opportunities across any chain. For Bounce, the partnership brings users the ability to create and participate in diverse types of DeFi auctions from any chain — including the Bitcoin network. To make our partnership reveal fun and interesting, we’re giving away an Off-White sneaker to one lucky beta-tester.

Cross-Chain Auction-as-a-Service

Right now, anyone can launch and participate in decentralized auctions on ZetaChain testnet through the Bounce app. With Bounce’s future integration of ZRC-20, users will be able to bid on auctions in any token from any chain — even native BTC — unlocking a whole new level of cross-chain access and liquidity.

ZRC-20 tokens are an extension of the standard ERC-20 tokens found in the Ethereum ecosystem with the added ability to manage assets on all ZetaChain-connected chains. Any fungible token, including Bitcoin, Dogecoin, ERC-20-equivalents on other chains, gas assets on other chains, and so on, may be represented on ZetaChain as a ZRC-20 and orchestrated as if it were any other fungible token (like an ERC-20).

While fixed-price auctions are currently available on Athens-3, more auction types, with ZRC-20 support, will soon be at users’ fingertips.

RWA Auction: Off-White Sneaker Giveaway

Cross-chain can also be applied to auctions of collectibles and other physical goods. With Bounce’s Real-World Collectibles Auction feature, you can authenticate and tokenize physical assets onto the blockchain to be listed, sold, and traded in any token from any chain.

To kick off our partnership, ZetaChain and Bounce are giving away an Off-White sneaker to one lucky beta-tester.

1. Simply, enter the sneaker auction in Bounce, providing your email during the sign-up

2. Get free test ZETA

3. Place a bid for a chance to mint the winning NFT with rights to the sneaker giveaway

Note, there’s no purchase necessary to enter or win the draw. Bounce collects your email so we can get in touch with you if you win. Reply within 48 hours, or we will randomly select another participant. If your sneaker size is out of stock, then we will find another option of equivalent value, or reward you in USDC.

Looking Forward

The Bounce-ZetaChain testnet integration is only the first step in our journey to innovate in the decentralized auction-as-a-service space. We’re excited to realize new cross-chain auction use cases on ZetaChain and together, democratize access to the technology.

“The tokenization of physical goods on the blockchain and use of native BTC in DeFi are two largely untapped markets”, says Jonathan Covey, Head of Community at ZetaChain. “Combine them both — like purchasing a Rolex in BTC on a English auction on Bounce — well that’s game changing.”

About Bounce

Bounce Finance is a decentralized auction protocol that empowers users to create and participate in diverse types of auctions on multiple blockchain networks. With a focus on Auction as a Service, Bounce Finance offers a wide range of products, including Token & NFT Auctions, Real-World Collectible Auctions, Ad Space Auction, and SDKs & Plug-Ins. Bounce Finance also provides Private Launchpad services, an on-chain solution designed to streamline IDOs for new projects. Furthermore, Bounce Finance is introducing Real-World Collectibles service, offering a marketplace for projects to sell their own tangible merchandise and luxury items. Bounce’s service includes an in-house manufacturing production line ensuring top-tier quality and seamless shipments.

Keep up to date on all the latest from Bounce Finance

Website | App | Docs | Telegram | Twitter | Medium | YouTube | Discord | Zealy | LinkedIn

About ZetaChain

ZetaChain is the world’s first and only decentralized EVM-compatible L1 blockchain with built-in cross-chain interoperability, connecting all blockchains, even non-smart contract chains like Bitcoin and Dogecoin. With ZetaChain’s complete Omnichain toolkit, developers can build true omnichain dApps from a single point of logic, and users can access all of their assets, data, and liquidity in a single place, securely.

Follow ZetaChain on Twitter @zetablockchain and join the conversation on Discord and Telegram. Reach out to partnerships@zetachain.com if you’re building on top of ZetaChain.

Any projects mentioned are 3rd party, not ZetaChain.

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