[NFT Oracle №16] GNSS#828 was priced by the PawnHouse consensus 239 times, where the final price reached 24,000 USDT (8.47 ETH)!

3 min readMay 3, 2022

On May 3, 2022, the GNSS#828 completed the world’s first NFT oracle pricing!

During the 2-hour Pricing & Auction process, GNSS#828 received 239 many consensus prices. GNSS#828 passed 239 rounds of bidding, where the final transaction price reached 24,000 USDT (8.47 ETH). Notably, the user who became the top Oracle was 0xB29***6ee!

PawnHouse is the world’s first NFT oracle. With Web3 and the Metaverse expanding, more NFT assets will emerge in the future. However, economic value is the foundation of vitality, and flow is the guarantee for realizing economic value. PawnHouse solves the NFT pricing problem through consensus value — Information is the resolution of uncertainty. PawnHouse aims to ensure liquidity with consensus and promote price emergence with price proposals! The platform allows users to provide information references for the bidder, and the final bid provides the quotation incentive scale.

GNSS is MGXS’s attempt to recreate nature based on a different timeline. Each GNSS is created from scratch, born from unique seeds that define their origins. Each sprout is individual; each GNSS is singular. Once one is created, you can never make the same being again. The seeds (0.33 eth per seed) are ERC-1155 Tokens used to generate ERC-721 GNSS in Phase 2.

At present, the total transaction volume of GNSS Art by MGXS in Opensea exceeds $7.48 million US dollars (2,800 ETH), and the floor price is 0.45 ETH. The NFT of this event is GNSS#828. The BASE CODE ID of this property is “8”, and the probability of this trait is only 0.06%. Its SPECIE is “U,” and the trait probability is 1%.

GNSS#828 has completed two transactions in the past year. The transaction time and price are as follows:

  • On March 30, 2022, the transaction price was 3 ETH
  • On March 19, 2021, the transaction price was 3 ETH

To participate with your assets in the pricing of NFT oracles, please apply via email to us: team@pawnhouse.io.


PawnHouse NFT Pricing Review:

About PawnHouse

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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