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Promote with Leviathan NewsLeviathan News is running a recurring on-chain auction for a weekly “SQUID Pass,” and the linked page shows the latest edition of that auction, with bidding for the pass starting at 0.026 ETH. The SQUID Pass functions as a time-limited access credential within the Leviathan/SQUID ecosystem rather than a typical PFP or fungible token, and each week a new pass is auctioned to the highest bidder via smart contract. According to Leviathan News’ communications, the SQUID Pass is tied to their broader experiment in crypto-native media and community access, where holders gain temporary participation or perk rights (such as access to specific content, groups, or interactions) that expire after the week is over. By auctioning a fresh pass each week on Ethereum, they are effectively price-discovering demand for these media/community rights in real time, using ETH-denominated on-chain bids instead of fixed subscription pricing. This structure lets Leviathan test whether Web3-based auctions can sustainably fund niche media and community projects while also giving crypto users a familiar, transparent mechanism for competing over scarce access. Because the SQUID Pass auction is fully on-chain and settles in ETH, it sits in line with a broader trend of crypto media and communities experimenting with NFTs, time-limited passes, and auctions as alternatives to ads or paywalls. Each new iteration of the SQUID Pass auction provides fresh data on how much users are willing to pay, how volatile that demand is, and whether this model could be extended to other projects in the Web3 media space.
AI-generated background, compiled from web sources — not editorial content.
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