> For the complete documentation index, see [llms.txt](https://doc.talkado.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://doc.talkado.io/the-platform/technology-used/features-and-functionalities-of-talkado-nft-marketplace/the-auction.md).

# The Auction

The auction is fully managed on-chain through a dedicated smart contract, ensuring transparency, confidentiality and regularity of execution for all parties involved.