🔗placeBid

Description

The placeBid function is used to place a bid on an NFT (non-fungible token) in a specific blockchain network's marketplace. It takes the required parameters and connects to the blockchain using the provided private key to interact with the smart contract.

Parameters

Parameter	Type	Description
blockchain	string	The blockchain network where the NFT marketplace contract resides
privateKey	string	The private key of the user's wallet to connect to the blockchain
tokenId	string	The unique identifier of the NFT in the marketplace
payment	string	The amount of cryptocurrency to bid for the NFT
nftAddress	string	The address of the NFT contract on the blockchain

Response

Field	Type	Description
code	number	The status code of the transaction
receipt	object	The transaction receipt object returned

Example Request and Response

Prerequisites

Before making requests with Nest SDK, you must have it installed.

You can install Nest SDK using either npm or yarn. Use the following commands to install Nest SDK:

npm install @nest25/evm-chains-lib
OR
yarn add @nest25/evm-chains-lib

Request

Here is an example of how to make a placeNFT request using the Nest SDK:

const {NftMarketPlace} = require('@nest25/evm-chains-lib')
// create instance of SOULBOUND
const nftMarketPlace = new NftMarketPlace();
const privateKey = "your private key here"

const main = async () => {
    // place bid
    const bidder = await nftMarketPlace.placeBid(
        'klay',
        privateKey,
        1,
        10,
    );
    // print result
    console.log(bidder);
}
main()

Response

Use Cases

• Crypto wallets: The function can be used by crypto wallets to enable users to place bids on NFTs available in various blockchain networks.

• NFT Marketplaces: The function can be used by online NFT marketplaces to facilitate the bidding process for buyers and sellers.

• Cryptocurrency Exchanges: The function can be used by cryptocurrency exchanges to enable users to place bids on NFTs using their exchange wallets.