London, United Kingdom, May 6, 2024, Chainwire
GBM Auction (https://gbm.auction), the Bid-to-Earn Auction company, is pleased to announce a historic partnership event with Dr. Gavin Wood, co-founder of Ethereum and the founder of Polkadot and Kusama, commemorating the 10th anniversary of the publication of the Ethereum yellow paper and the recent release of the JAM gray paper.
This event will feature three auctions for iconic pieces of blockchain memorabilia, representing pivotal moments in the world of blockchain technology. The online auctions, hosted on https://gavinwood.gbm.auction are scheduled to start on May 16, 2024, during the ‘Decentralized Lugano’ conference in Switzerland and will last seven days, with proceeds from these auctions supporting the DEC’s humanitarian appeal for Ukraine:https://www.dec.org.uk/appeal/ukraine-humanitarian-appeal).
This groundbreaking series of auctions will be hosted on the Moonbeam blockchain, a parachain on Polkadot, using Glimmer (GLMR), the Moonbeam chain’s native currency, for bidding.
The special items being auctioned are:
- A yellow Ethereum paper, annotated and signed by Dr. Gavin Wood, with the EIP-150 revision that crucially addresses 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 unreleased “Draft 0.1.0 Dubai” version of the JAM Gray Paper, annotated and signed by Dr. Gavin Wood, of which only 200 copies were ever made and by Dr. Wood himself to his inner circle. This gray book introduces 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 luminary who coined the universally recognized term ‘Web 3.0’. The auctions will be hosted by GBM Auction, known for its innovative Bid-to-Earn system, which has revolutionized the auction experience for the blockchain space, hosting over 70,000 auctions to date and earning $6 million by bidders. GBM Auction’s Bid-to-Earn system encourages participation by rewarding bidders when they are outbid. This unique approach creates 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 steps in the journey of Ethereum, Polkadot and blockchain technology with this historic auction. “The yellow Ethereum paper laid the foundation for a decentralized revolution that has reshaped industries and empowered millions of people worldwide. The Polkadot White Paper introduced 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 that enables a more connected and coordinated ecosystem,” said McDonaugh. “This auction is a tribute to the pioneers who contributed to Ethereum’s journey and a celebration of its lasting legacy ten years later.”
As a gesture of solidarity and support for those in need, Dr. Gavin Wood donated the proceeds from the auction to the Ukrainian Humanitarian Appeal of the Disasters Emergency Committee (DEC). The DEC provides essential assistance such as food, water, shelter and healthcare to families in Ukraine and refugees in neighboring countries. The DEC is known for its transparency, ensuring 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 meaningful contribution to the humanitarian efforts in Ukraine.
For more information about the auction and how to participate, please visit https://gavinwood.gbm.auction
About GBM Auction
GBM Auction is the Bid-to-Earn Auction company. In a GBM auction, there are only two outcomes: users win the auction or receive a reward if they are outbid. This model provides the best environment for bidders to receive a rewarding and engaging experience while ensuring sellers receive true market value for their assets. GBM Auction has been in business since 2018 and has completed more than 70,000 auctions to date and earned $6 million from bidders.
Contact
Head of Marketing
Jake Scott
GBM Auctions
jake@gbm.auction