{"id":"https://openalex.org/W4297166689","doi":"https://doi.org/10.1145/3560832.3563436","title":"A Framework for Single-Item NFT Auction Mechanism Design","display_name":"A Framework for Single-Item NFT Auction Mechanism Design","publication_year":2022,"publication_date":"2022-11-04","ids":{"openalex":"https://openalex.org/W4297166689","doi":"https://doi.org/10.1145/3560832.3563436"},"language":"en","primary_location":{"id":"doi:10.1145/3560832.3563436","is_oa":false,"landing_page_url":"https://doi.org/10.1145/3560832.3563436","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Proceedings of the 2022 ACM CCS Workshop on Decentralized Finance and Security","raw_type":"proceedings-article"},"type":"preprint","indexed_in":["arxiv","crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://arxiv.org/pdf/2209.11293","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5022902400","display_name":"Jason Milionis","orcid":"https://orcid.org/0000-0002-9460-9559"},"institutions":[{"id":"https://openalex.org/I78577930","display_name":"Columbia University","ror":"https://ror.org/00hj8s172","country_code":"US","type":"education","lineage":["https://openalex.org/I78577930"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Jason Milionis","raw_affiliation_strings":["Columbia University, New York, NY, USA"],"affiliations":[{"raw_affiliation_string":"Columbia University, New York, NY, USA","institution_ids":["https://openalex.org/I78577930"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5055909989","display_name":"Dean Hirsch","orcid":null},"institutions":[{"id":"https://openalex.org/I78577930","display_name":"Columbia University","ror":"https://ror.org/00hj8s172","country_code":"US","type":"education","lineage":["https://openalex.org/I78577930"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Dean Hirsch","raw_affiliation_strings":["Columbia University, New York, NY, USA"],"affiliations":[{"raw_affiliation_string":"Columbia University, New York, NY, USA","institution_ids":["https://openalex.org/I78577930"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5066323256","display_name":"Andy Arditi","orcid":null},"institutions":[{"id":"https://openalex.org/I78577930","display_name":"Columbia University","ror":"https://ror.org/00hj8s172","country_code":"US","type":"education","lineage":["https://openalex.org/I78577930"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Andy Arditi","raw_affiliation_strings":["Columbia University, New York, NY, USA"],"affiliations":[{"raw_affiliation_string":"Columbia University, New York, NY, USA","institution_ids":["https://openalex.org/I78577930"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5043910558","display_name":"Pranav Garimidi","orcid":null},"institutions":[{"id":"https://openalex.org/I78577930","display_name":"Columbia University","ror":"https://ror.org/00hj8s172","country_code":"US","type":"education","lineage":["https://openalex.org/I78577930"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Pranav Garimidi","raw_affiliation_strings":["Columbia University, New York, NY, USA"],"affiliations":[{"raw_affiliation_string":"Columbia University, New York, NY, USA","institution_ids":["https://openalex.org/I78577930"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":4,"corresponding_author_ids":["https://openalex.org/A5022902400"],"corresponding_institution_ids":["https://openalex.org/I78577930"],"apc_list":null,"apc_paid":null,"fwci":3.1886,"has_fulltext":false,"cited_by_count":11,"citation_normalized_percentile":{"value":0.93092488,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":94,"max":99},"biblio":{"volume":null,"issue":null,"first_page":"31","last_page":"38"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10270","display_name":"Blockchain Technology Applications and Security","score":0.9991999864578247,"subfield":{"id":"https://openalex.org/subfields/1710","display_name":"Information Systems"},"field":{"id":"https://openalex.org/fields/17","display_name":"Computer Science"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},"topics":[{"id":"https://openalex.org/T10270","display_name":"Blockchain Technology Applications and Security","score":0.9991999864578247,"subfield":{"id":"https://openalex.org/subfields/1710","display_name":"Information Systems"},"field":{"id":"https://openalex.org/fields/17","display_name":"Computer Science"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},{"id":"https://openalex.org/T11182","display_name":"Auction Theory and Applications","score":0.9861000180244446,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/collusion","display_name":"Collusion","score":0.7587810754776001},{"id":"https://openalex.org/keywords/incentive-compatibility","display_name":"Incentive compatibility","score":0.692400336265564},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.6859911680221558},{"id":"https://openalex.org/keywords/vickrey\u2013clarke\u2013groves-auction","display_name":"Vickrey\u2013Clarke\u2013Groves auction","score":0.6573511362075806},{"id":"https://openalex.org/keywords/common-value-auction","display_name":"Common value auction","score":0.6086713075637817},{"id":"https://openalex.org/keywords/mechanism-design","display_name":"Mechanism design","score":0.6028680801391602},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.5432949066162109},{"id":"https://openalex.org/keywords/english-auction","display_name":"English auction","score":0.5247019529342651},{"id":"https://openalex.org/keywords/vickrey-auction","display_name":"Vickrey auction","score":0.5240036249160767},{"id":"https://openalex.org/keywords/mathematical-economics","display_name":"Mathematical economics","score":0.5094812512397766},{"id":"https://openalex.org/keywords/popularity","display_name":"Popularity","score":0.480461061000824},{"id":"https://openalex.org/keywords/auction-theory","display_name":"Auction theory","score":0.4772355854511261},{"id":"https://openalex.org/keywords/valuation","display_name":"Valuation (finance)","score":0.47158777713775635},{"id":"https://openalex.org/keywords/unique-bid-auction","display_name":"Unique bid auction","score":0.4714661240577698},{"id":"https://openalex.org/keywords/combinatorial-auction","display_name":"Combinatorial auction","score":0.4651637375354767},{"id":"https://openalex.org/keywords/revenue","display_name":"Revenue","score":0.4341316521167755},{"id":"https://openalex.org/keywords/context","display_name":"Context (archaeology)","score":0.41234850883483887},{"id":"https://openalex.org/keywords/incentive","display_name":"Incentive","score":0.3803057372570038},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.2992563843727112}],"concepts":[{"id":"https://openalex.org/C2781198186","wikidata":"https://www.wikidata.org/wiki/Q701521","display_name":"Collusion","level":2,"score":0.7587810754776001},{"id":"https://openalex.org/C91810955","wikidata":"https://www.wikidata.org/wiki/Q7731670","display_name":"Incentive compatibility","level":3,"score":0.692400336265564},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.6859911680221558},{"id":"https://openalex.org/C147220207","wikidata":"https://www.wikidata.org/wiki/Q773073","display_name":"Vickrey\u2013Clarke\u2013Groves auction","level":4,"score":0.6573511362075806},{"id":"https://openalex.org/C163239763","wikidata":"https://www.wikidata.org/wiki/Q5153637","display_name":"Common value auction","level":2,"score":0.6086713075637817},{"id":"https://openalex.org/C153517567","wikidata":"https://www.wikidata.org/wiki/Q26090","display_name":"Mechanism design","level":2,"score":0.6028680801391602},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.5432949066162109},{"id":"https://openalex.org/C112481924","wikidata":"https://www.wikidata.org/wiki/Q1626270","display_name":"English auction","level":3,"score":0.5247019529342651},{"id":"https://openalex.org/C83426474","wikidata":"https://www.wikidata.org/wiki/Q243758","display_name":"Vickrey auction","level":4,"score":0.5240036249160767},{"id":"https://openalex.org/C144237770","wikidata":"https://www.wikidata.org/wiki/Q747534","display_name":"Mathematical economics","level":1,"score":0.5094812512397766},{"id":"https://openalex.org/C2780586970","wikidata":"https://www.wikidata.org/wiki/Q1357284","display_name":"Popularity","level":2,"score":0.480461061000824},{"id":"https://openalex.org/C11276805","wikidata":"https://www.wikidata.org/wiki/Q771334","display_name":"Auction theory","level":3,"score":0.4772355854511261},{"id":"https://openalex.org/C186027771","wikidata":"https://www.wikidata.org/wiki/Q4008379","display_name":"Valuation (finance)","level":2,"score":0.47158777713775635},{"id":"https://openalex.org/C205871297","wikidata":"https://www.wikidata.org/wiki/Q765312","display_name":"Unique bid auction","level":4,"score":0.4714661240577698},{"id":"https://openalex.org/C59919655","wikidata":"https://www.wikidata.org/wiki/Q5150821","display_name":"Combinatorial auction","level":3,"score":0.4651637375354767},{"id":"https://openalex.org/C195487862","wikidata":"https://www.wikidata.org/wiki/Q850210","display_name":"Revenue","level":2,"score":0.4341316521167755},{"id":"https://openalex.org/C2779343474","wikidata":"https://www.wikidata.org/wiki/Q3109175","display_name":"Context (archaeology)","level":2,"score":0.41234850883483887},{"id":"https://openalex.org/C29122968","wikidata":"https://www.wikidata.org/wiki/Q1414816","display_name":"Incentive","level":2,"score":0.3803057372570038},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.2992563843727112},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.0},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.0},{"id":"https://openalex.org/C77805123","wikidata":"https://www.wikidata.org/wiki/Q161272","display_name":"Social psychology","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1145/3560832.3563436","is_oa":false,"landing_page_url":"https://doi.org/10.1145/3560832.3563436","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Proceedings of the 2022 ACM CCS Workshop on Decentralized Finance and Security","raw_type":"proceedings-article"},{"id":"pmh:oai:arXiv.org:2209.11293","is_oa":true,"landing_page_url":"http://arxiv.org/abs/2209.11293","pdf_url":"https://arxiv.org/pdf/2209.11293","source":{"id":"https://openalex.org/S4306400194","display_name":"arXiv (Cornell University)","issn_l":null,"issn":null,"is_oa":true,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I205783295","host_organization_name":"Cornell University","host_organization_lineage":["https://openalex.org/I205783295"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"text"},{"id":"pmh:oai:RePEc:arx:papers:2209.11293","is_oa":false,"landing_page_url":null,"pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"}],"best_oa_location":{"id":"pmh:oai:arXiv.org:2209.11293","is_oa":true,"landing_page_url":"http://arxiv.org/abs/2209.11293","pdf_url":"https://arxiv.org/pdf/2209.11293","source":{"id":"https://openalex.org/S4306400194","display_name":"arXiv (Cornell University)","issn_l":null,"issn":null,"is_oa":true,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I205783295","host_organization_name":"Cornell University","host_organization_lineage":["https://openalex.org/I205783295"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"text"},"sustainable_development_goals":[{"display_name":"Partnerships for the goals","id":"https://metadata.un.org/sdg/17","score":0.4099999964237213}],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":4,"referenced_works":["https://openalex.org/W2894471531","https://openalex.org/W3027941239","https://openalex.org/W3177724018","https://openalex.org/W4312843210"],"related_works":["https://openalex.org/W1594162840","https://openalex.org/W2026469230","https://openalex.org/W2057067174","https://openalex.org/W1973665558","https://openalex.org/W3121266617","https://openalex.org/W2167714044","https://openalex.org/W60234099","https://openalex.org/W3124455087","https://openalex.org/W1955521418","https://openalex.org/W2784601733"],"abstract_inverted_index":{"Lately,":[0],"Non-Fungible":[1],"Tokens":[2],"(NFTs),":[3],"i.e.,":[4,42,106],"uniquely":[5],"discernible":[6],"assets":[7],"on":[8,67,94,170],"a":[9,17,100,133,155,187],"blockchain,":[10],"have":[11,99,153,162],"skyrocketed":[12],"in":[13,28,52,78,230,240,249],"popularity":[14],"by":[15,214],"addressing":[16],"broad":[18],"audience.":[19],"However,":[20],"the":[21,36,39,47,57,68,95,103,110,126,182,197,205,208,220,232,243,250,253,279],"typical":[22],"NFT":[23,74,112,122,282],"auctioning":[24],"procedures":[25],"are":[26,256,267],"conducted":[27],"various,":[29],"ad":[30],"hoc":[31],"ways,":[32],"while":[33],"mostly":[34],"ignoring":[35],"context":[37],"that":[38,81,97,128,148,178,252],"blockchain":[40],"provides,":[41],"new":[43,50],"possibilities,":[44],"but":[45],"at":[46],"same":[48],"time":[49],"challenges":[51],"auction":[53,113,273],"design.":[54],"One":[55],"of":[56,60,73,90,175,199],"main":[58],"targets":[59],"this":[61,116],"work":[62],"is":[63,150],"to":[64,136,152,171,184,242,275],"shed":[65],"light":[66],"vastly":[69],"unexplored":[70],"design":[71],"space":[72],"Auction":[75,123,283],"Mechanisms,":[76],"especially":[77],"those":[79,176],"characteristics":[80],"fundamentally":[82],"differ":[83],"from":[84,259],"traditional":[85],"and":[86,143,146,191,277],"more":[87],"contemporaneous":[88],"forms":[89],"auctions.":[91],"We":[92,224,262],"focus":[93],"case":[96,251],"bidders":[98,209],"valuation":[101],"for":[102,271],"auctioned":[104],"NFT,":[105],"what":[107],"we":[108,118,129,160,168,179,195],"term":[109],"single-item":[111],"case.":[114],"In":[115],"setting,":[117],"formally":[119],"define":[120,196,226],"an":[121,163,200,272],"Mechanism,":[124],"give":[125],"properties":[127,177,270],"would":[130],"ideally":[131],"like":[132,166],"perfect":[134,156],"mechanism":[135,274],"satisfy":[137],"(broadly":[138],"known":[139,281],"as":[140,186,219],"incentive":[141],"compatibility":[142],"collusion":[144],"resistance)":[145],"prove":[147],"it":[149],"impossible":[151],"such":[154,288],"mechanism.":[157],"Even":[158],"though":[159],"cannot":[161],"all-powerful":[164],"protocol":[165,183],"that,":[167],"move":[169],"consider":[172],"relaxed":[173],"notions":[174],"may":[180],"desire":[181],"satisfy,":[185],"trade-off":[188],"between":[189],"implementability":[190],"economic":[192],"guarantees.":[193,290],"Specifically,":[194],"notion":[198],"equilibrium-truthful":[201],"auction,":[202,248],"where":[203],"neither":[204],"seller":[206,233],"nor":[207],"can":[210],"improve":[211],"their":[212],"utility":[213],"acting":[215],"non-truthfully,":[216],"so":[217],"long":[218],"counter-party":[221],"acts":[222],"truthfully.":[223],"also":[225],"asymptotically":[227,237],"second-price":[228,246],"auctions,":[229],"which":[231,285],"does":[234],"not":[235],"lose":[236],"any":[238],"revenue":[239],"comparison":[241],"theoretically-optimal":[244],"(static)":[245],"sealed-bid":[247],"bidders'":[254],"valuations":[255],"drawn":[257],"independently":[258],"some":[260],"distribution.":[261],"showcase":[263],"why":[264],"these":[265],"two":[266],"very":[268],"desirable":[269],"enjoy,":[276],"construct":[278],"first":[280],"Mechanism":[284],"provably":[286],"possesses":[287],"formal":[289]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":5},{"year":2024,"cited_by_count":3},{"year":2023,"cited_by_count":2}],"updated_date":"2026-04-05T17:49:38.594831","created_date":"2025-10-10T00:00:00"}
