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London, UK, May 6, 2024, Chainwire
GBM auctions (https://gbm.auction), the Bid-to-Earn Auction company, is excited to announce a historic collaboration event with Dr. Gavin Wood, co-founder of Ethereum and founder of Polkadot and Kusama, to commemorate the 10th anniversary of the release of yellow Ethereum. paper and the recent publication of the JAM gray paper.
This event will feature three auctions of iconic pieces of blockchain memorabilia, representing pivotal moments in the world of blockchain technology. Online auctions, hosted on are scheduled to begin on May 16, 2024, at the “Decentralized Lugano” conference in Switzerland and will run for seven days, with proceeds from these auctions supporting the DEC's humanitarian appeal in Ukraine: (https://www.dec.org.uk/appeal/ukraine-humanitarian-appeal).
This revolutionary auction set will be hosted on the Moonbeam blockchain, a parachain on Polkadot, using Glimmer (GLMR), the native currency of the Moonbeam chain, for bidding.
The remarkable objects up for auction are:
- An Ethereum yellow paper annotated and signed by Dr. Gavin Wood, featuring revision version EIP-150 crucially addressing the aftermath of the infamous 2016 DAO hack attack.
- An original “Draft 1” version of the Polkadot white paper annotated and signed by Dr. Gavin Wood, presenting the vision for the Polkadot network protocol.
- An unpublished version “Draft 0.1.0 Dubai” of the JAM Gray Paper annotated and signed by Dr. Gavin Wood, of which only 200 copies were made and offered to his entourage by Dr. Wood himself. This gray paper presents a visionary step towards a more scalable, efficient and dynamic blockchain network.
Each item represents a unique piece of blockchain history, personally annotated and signed by the author and authority who coined the universally recognized term “Web 3.0.” The auction will be managed by GBM Auction, known for its innovative Bid-to-Earn system, which has revolutionized the auction experience in the blockchain space and has seen over 70,000 auctions held and $6 million won by bidders nowadays. GBM Auction's Bid-to-Earn system encourages participation by rewarding bidders when they are outbid. This unique approach ensures an engaging and popular auction experience, benefiting both sellers and bidders.
Hugo McDonaugh, co-founder of GBM Auction, expressed his excitement for this unique opportunity to celebrate these three fundamental milestones in the journey of Ethereum, Polkadot and blockchain technology with this historic auction. “The Ethereum Yellow Paper laid the foundation for a decentralized revolution that reshaped industries and empowered millions of people around the world. The Polkadot white paper laid out a vision for a scalable, interoperable multi-blockchain network, and the JAM gray paper addresses critical issues that have challenged previous decentralized systems with a new protocol facilitating a more connected and coordinated ecosystem. , McDonaugh said. “This auction is a tribute to the pioneers who contributed to Ethereum’s journey and a celebration of its enduring legacy ten years later.”
As a gesture of solidarity and support to those in need, Dr. Gavin Wood is donating proceeds from the auction to the Disaster Emergency Committee (DEC) Ukraine Humanitarian Appeal. The DEC provides essential assistance such as food, water, shelter and health care to Ukrainian families and refugees in neighboring countries. Known for its transparency, the DEC ensures that funds are used effectively to meet the urgent needs of those affected by crises. GBM Auction invites esteemed technology and blockchain collectors to participate in this historic event while making a significant contribution to humanitarian efforts in Ukraine.
For more information about the auction and to find out how to participate, please visit
About GBM Auctions
GBM Auction is the Bid-to-Earn auction company. In a GBM auction, there are only two outcomes: users either win the auction or they earn an incentive when they outbid. This model provides the best environment for bidders who benefit from an enriching and engaging experience while guaranteeing sellers the true market value of their assets. GBM Auction has been active since 2018 and has seen over 70,000 completed auctions and $6 million won by bidders to date.
Contact
Marketing Director
Jake Scott
GBM auctions
(email protected)
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