# NFT Auction

TaalSwap also serves as NFT (Non-Fungible Token) auction house where a variety of auction principles are utilized. Along with traditional auction principles such as sealed-bid and Dutch auction, English auction, in which the lowest price that an item can be sold for is set, will be included. In NFT auction, the TaalSwap smart contract assigns the matching NFT to the proper bidder according the principle of the auction type that an auction-goer has chosen.

NFT auction house will be opened some time in 2021 Q4 as one of the services of TaalSwap 2.0. The more detailed description of NFT auction mechanism will be provided in this document as it gets ready.
