[NFT Oracle №12] Catblox #2541 was priced by the PawnHouse consensus 276 times, where the final price reached 21,600 USDT!
On April 13, 2022, the Catblox #2541 completed the world’s first NFT oracle pricing!
During the 2-hour Pricing & Auction process, Catblox #2541 received 276 many consensus prices. Statistics showed that the highest consensus price was 33,557 USDT provided by user 0x4B0***9a6, and the average consensus price was 14,958 USDT!
Catblox #2541 passed 29 rounds of bidding, where the final transaction price reached 21,600 USDT. Notably, the user who became the top Oracle was 0xB16***Ac3!
CatBlox Genesis is the first collection from CatBlox Studios, consisting of 9,999 generative 3D cats. In addition, each CatBlox Genesis NFT acts as an entry pass to a suite of CatBlox community benefits.
CatBlox offers wellness events and classes to all holders of a CatBlox Genesis NFT. Project partners provide wellness classes to introduce and teach the benefits of yoga, meditation, stretching, and exercise. The average price of one CatBlox Genesis Collection NFT was $1,000.
Catblox #2541 has completed 5 transactions in the past two months. The transaction time and price are as follows:
- On February 27, 2022, the transaction price was 4.5 ETH ($13648)
- On February 24, 2022, the transaction price was 2.225 ETH ($6748)
- On February 22, 2022, the transaction price was 0.6 ETH ($1819)
- On February 19, 2022, the transaction price was 0.575 ETH ($1743)
- On February 17, 2022, the transaction price was 0.249 ETH ($755)
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The PawnHouse project team combined and applied both the SMRA theory (2020 Nobel Economic Prize) and The Wisdom of Crowds theory to effectively solve the issue of decentralized NFT asset-pricing and improve the liquidity of NFTs.
Due to its unique characteristics, the historical transaction price of NFT is determined by private value. This results in less effective price information and is easier to control. By introducing price proposers to the market, PawnHouse satisfies both common and private values, and provides a comprehensive and rich price collection strategy. While building a price corridor for NFT assets, PawnHouse also supports NFT’s collateralization and auction transactions.
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