How does it work

Just like a classic raffle, the concept is quite simple.

An item (NFT) is up for grabs as the prize. The raffle is given a time limit (between 1 and 14 days), and a maximum amount of tickets that can be sold.

Once the tickets are sold out, or the time has expired, the raffle is closed and a winning ticket is selected. On closing, the winning ticket holder is sent the prize, and the Ethereum is distributed to the raffle owner, minus the protocol and royalty fees.