Description
Scarce City is a marketplace that uses Bitcoin technology to sell Bitcoin goods for Bitcoin. The platform believes that Bitcoin's finest goods should be sold according to the network’s properties of being pseudonymous, borderless, permissionless, trust-minimized, and having verifiable authenticity and supply. It features Bitcoin-based auctions where participants collateralize their bids through refundable deposits via Lightning and the Bitcoin mainchain. This system ensures accountability, as the winning bidder pays their final bid, or they lose their deposit. The platform has also expanded to a fixed-price marketplace where sellers are held accountable for delivering goods through a small refundable bitcoin deposit. The marketplace supports Bitcoin-based digital tokens like Rare Pepes, Fake Rares, and Ordinal Inscriptions, as well as physical Bitcoin goods such as art, prints, apparel, and collectibles.