[NFT Oracle №18] Duck#4491 was priced by the PawnHouse consensus 133 times, where the final price reached 106 USDT (0.049 ETH)!

On May 11, 2022, the Duck#4491 completed the world’s first NFT oracle pricing!

During the 2-hour Pricing & Auction process, Duck#4491 received 133 many consensus prices. Statistics showed that the highest consensus price was 213 USDT provided by user 0xaaa***2D4, and the average consensus price was 110 USDT!

Duck#4491 passed 17 rounds of bidding, where the final price reached 106 USDT (0.049 ETH). Notably, the user who became the top Oracle was 0x0bA***E4B!

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.

Rubber Duck Bath Party is a collection of 10,000 hand-drawn, party-loving, dynamic NFTs. Once in a while, your duck will be invited to a bath party — a virtual event where your duck can win, swap, or lose a particular trait. The decision is yours, to party or stay home!

At present, the total transaction volume of RDBP in Opensea exceeds $3.91 million US dollars (1,700 ETH), and the floor price is 0.029 ETH. The NFT of this event is Duck#4491: grass background, scream beak, eyelashes eyes, white bandana and red necklace.

Duck#4491 has completed two transactions in the past year. The transaction time and price are as follows:

● On March 4, 2022, the transaction price was 0.1 ETH

● On March 1, 2022, the transaction price was 0.22 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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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.

LIQUIDITY | EQUALITY | ACCURACY

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PawnHouse

Provide Better Liquidity and Price Discovery Mechanism for Nonstandard Assets