GBM Auctions, Polkadot Creator Dr. Host a memorabilia auction with Gavin Wood

adminMay 6, 2024

London, UK, May 6, 2024, Chainwire

GBM Auction (https://gbm.auction), a bid-to-earn auction company, was founded by Dr. Ethereum co-founder and founder of Polkadot and Kusama. We are delighted to announce our historic collaboration event with Gavin Wood. 10th anniversary of the publication of the Ethereum yellow paper and the recent release of the JAM gray white paper.

The event will feature three auctions of iconic blockchain memorabilia representing pivotal moments in the world of blockchain technology. The online auction, hosted at https://gavinwood.gbm.auction, is scheduled to start on May 16, 2024, during the ‘Decentralized Lugano’ conference in Switzerland and will run for 7 days, with proceeds from these auctions supporting DEC’s Ukraine . Humanitarian Appeal: (https://www.dec.org.uk/appeal/ukraine-humanitarian-appeal).

This groundbreaking auction set will be hosted on the Moonbeam blockchain, Polkadot’s parachain, utilizing Glimmer (GLMR), the native currency of the Moonbeam chain, for bidding.

Items up for auction include:

The Ethereum Yellow Book, annotated and signed by Dr. Gavin Wood, featuring a revised version of EIP-150 that decisively addresses the aftermath of the infamous 2016 DAO hack attack.
The original “Draft 1” version of the Polkadot white paper, annotated and signed by Dr. Gavin Wood, sets out the vision for the Polkadot network protocol.
An unreleased version of “Draft 0.1.0 Dubai” from JAM Gray Paper, annotated and signed by Dr. Gavin Wood, one of only 200 copies produced by Dr. Wood himself and gifted to his associates. This gray document introduces a visionary step toward a more scalable, efficient, and dynamic blockchain network.

Each entry represents a unique piece of blockchain history, personally annotated and signed by the author and celebrity who coined the universally recognized term “Web 3.0.” The auction will be run by GBM Auction, known for its innovative Bid-to-Earn system. This system has revolutionized the auction experience in the blockchain space and to date, over 70,000 auctions have been hosted, with bidders earning $6 million. GBM Auction’s Bid-to-Earn system encourages participation by offering rewards when bidders exceed their winning bid. This unique approach ensures an engaging and popular auction experience that benefits both sellers and bidders.

Hugo McDonaugh, Co-Founder of GBM Auction, expressed his enthusiasm for this unique opportunity to celebrate Ethereum, Polkadot and the three fundamental stages of the blockchain technology journey through this historic auction. “Ethereum Yellow Paper laid the foundation for a decentralized revolution that will reshape the industry and empower millions of people around the world. “The Polkadot white paper introduced the vision for a scalable, interoperable multi-blockchain network, and the JAM gray paper addresses critical issues that have challenged previous decentralized systems with new protocols that promote a more connected and coordinated ecosystem.” McDonaugh said. “This auction is a tribute to the pioneers who have contributed to Ethereum’s journey and celebrates Ethereum’s decade-long legacy.”

As a show of solidarity and support for those in need, Dr. Gavin Wood is donating the proceeds from the auction to the Ukrainian Disaster and Emergency Committee’s (DEC) humanitarian appeal. The Department of Environmental Conservation (DEC) provides essential assistance, including food, water, shelter, and medical care, to families in Ukraine and refugees in neighboring countries. Known for its transparency, DEC ensures that funds are utilized effectively to address the urgent needs of those affected by the crisis. GBM Auction invites respected technology and blockchain collectors to participate in this historic event while making a meaningful contribution to humanitarian efforts in Ukraine.

For more information about the auction and how to participate, visit https://gavinwood.gbm.auction.

Introduction to GBM Auctions

GBM Auction is a bid-profit auction company. A GBM auction has only two outcomes. This means that users earn incentives when they win an auction or exceed their bid. This model provides the best environment for bidders who get a rewarding and engaging experience while ensuring sellers get true market value for their assets. GBM Auctions has been active since 2018 and to date, more than 70,000 auctions have been completed and bidders have earned $6 million.