GBM, an innovative auction protocol, has announced the launch of its inaugural Auction Festival, a multi-month event running from late June to early September 2025. The Festival is a celebration of auctions, rewards, and community engagement, highlighting GBM's proprietary Win-Win auction model where all bidders receive rewards — not just the highest bidder.
The Festival kicks off with partnerships from prominent Web3 projects including The Sandbox (SAND), Aavegotchi (GHST), Unstoppable Domains (UD), Song a Day, Vision.io, and others. This event marks the first phase of GBM’s full protocol launch and the upcoming release of its native token.
Traditional auctions typically reward only the highest bidder, often leaving others without returns despite their participation. GBM’s Win-Win model changes this dynamic by returning full bids to outbid participants along with additional incentives, fostering a fair, transparent, and high-engagement auction environment that promotes genuine market price discovery.
The Festival features live partner auctions involving virtual land sales within The Sandbox metaverse, Web3 domains, and other NFTs. Participants can engage in quests, earn incentives, unlock exclusive rewards, and accrue points through the GBM Community Programme that can translate into shares of the forthcoming GBM token.
GBM’s auction platform has powered more than $200 million in bidding volume and distributed over $6 million in rewards to date, demonstrating the success and scalability of its model. Leaders from partner projects have praised the Festival’s ability to create accessible, exciting, and rewarding auction experiences for diverse users, from first-time buyers to seasoned collectors.
