[NFT Oracle №18] [Ledger] Market Pass — Genesis Edition#7656 was priced by the PawnHouse consensus 109 times, where the final price reached 1,005 USDT (0.61 ETH)!

On August 3, 2022, the [Ledger] Market Pass — Genesis Edition#7656 completed the world’s first NFT oracle pricing!

During the 2-hour Pricing & Auction process, [Ledger] Market Pass — Genesis Edition#7656 received 109 many consensus prices. Statistics showed that the highest consensus price was 1,973 USDT provided by user 0xF66***7FC, and the average consensus price was 1,285 USDT!

[Ledger] Market Pass — Genesis Edition#7656 passed 19 rounds of bidding, where the final price reached 1,005 USDT (0.61 ETH). Notably, the user who became the top Oracle was 0xd59***2cE!

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.

[ Ledger ] Market is the most secure platform for artists and brands to release their NFTs, where Ledger customers can securely connect through Ledger Live and clear sign their transactions. For first access to exclusive collaborations, and Ledger hardware, software and services, become a [ Ledger ] Market Pass holder.[ L ] Market’s brand mark is a generative font with over two billion unique variations. It speaks to: 1) the massive awareness generative art and PFP projects have brought to blockchain technology, and 2) the advanced cryptography built into Ledger and [ Ledger ] Market’s DNA.

At present, the total transaction volume of [ Ledger ] Market in Opensea exceeds $5.14 million US dollars (3,100 ETH), and the floor price is 0.56 ETH. The NFT of this event is [Ledger] Market Pass — Genesis Edition#7656.

[Ledger] Market Pass — Genesis Edition#7656 has completed one transaction in the past year. The transaction time and price are as follows:

  • On August 2, 2022, the transaction price was 0.4999 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