[NFT Oracle №17] Dippie#1463 was priced by the PawnHouse consensus 196 times, where the final price reached 630 USDT (0.24 ETH)!

PawnHouse
3 min readMay 7, 2022

On May 7, 2022, the Dippie#1463 completed the world’s first NFT oracle pricing!

During the 2-hour Pricing & Auction process, Dippie#1463 received 196 many consensus prices. Statistics showed that the highest consensus price was 1,300 USDT provided by user 0xF33***6bE, and the average consensus price was 709 USDT!

Dippie#1463 passed 22 rounds of bidding, where the final price reached 630 USDT (0.24 ETH). Notably, the user who became the top Oracle was 0x26f***B2B!

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.

Dippies created by Dippies-Deployer. They said: Funk, meet web 3. A collection of 8,888 unique digital hippies that are building the new free world before our eyes.

At present, the total transaction volume of Dippies in Opensea exceeds $22.14 million US dollars (8,200 ETH), and the floor price is 0.189 ETH. The NFT of this event is Dippie#1463: Blue Pink Gradient background, sweater gray cloth, hearts eyes, green hat and Gray skin.

Dippie#1463 has completed two transactions in the past year. The transaction time and price are as follows:

  • On March 5, 2022, the transaction price was 0.56 ETH
  • On March 5, 2022, the transaction price was 0.45 ETH

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

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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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