BIDSHOP.io was a privatized on-chain auction house that introduced a decentralized reverse-auction mechanism for NFTs and DeFi assets, before entering hibernation mode in September 2023. BIDSHOP's Twitter Score is 9.6 out of 1000 as of July 2026, ranking #106,739 among 531,432 tracked accounts.
BIDSHOP operated as a decentralized marketplace where bids were encrypted and invisible to other participants, a design intended to generate liquidity for Web3 assets in a more private and competitive manner than conventional on-chain auctions. Its architecture combined Polygon for non-private functions with Secret Network for encrypted bid handling, linked through a custom cross-chain layer. The platform was co-incubated by KuCoin Labs and Republic Capital, who announced the partnership in September 2022.
BIDSHOP launched its native BIDS token on June 29, 2023, which was required to participate in bidding on the platform. Less than three months later, on September 7, 2023, BIDSHOP announced it was pausing outward operations and entering hibernation mode, bringing active development to a halt. BIDSHOP has published 446 posts on the platform and has been mentioned by 20 accounts a total of 50 times.
Who follows BIDSHOP on X?
The accounts that follow BIDSHOP include 20 founders, 4 angel investors, 52 influencers and 5 VCs, among them Alex Finn, Ran Neuner, KuCoin, Andrew Miller, Justin Wu and franalations.eth.