NFTs are listed on Foundation in a reserve auction format.
Once the reserve price has been met, a 24-hour countdown for the auction begins.
If a bid is placed within the last 15 minutes of an auction, the countdown will reset back to 15 minutes. Time extensions can go on indefinitely until no other bids are placed within the last 15 minutes of an auction.
You win an auction when you are the highest bidder, the reserve price has been met, and the countdown timer has expired.
If your email address is in your profile, you’ll receive an email notifying you that you’ve won.
After you win, you will need to settle the NFT to add it to your collection.