[NFT Oracle №19] CloneX#3469 was priced by the PawnHouse consensus 189 times, where the final price reached 38,500 USDT (19.6 ETH)!
On May 14, 2022, the CloneX#3469 completed the world’s first NFT oracle pricing!
During the 2-hour Pricing & Auction process, CloneX#3469 received 189 many consensus prices. Statistics showed that the highest consensus price was 70,210 USDT provided by user 0x5b5***2B1, and the average consensus price was 40,911 USDT!
CloneX#3469 passed 34 rounds of bidding, where the final price reached 38,500 USDT (19.6 ETH). Notably, the user who became the top Oracle was 0x476***704!
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.
CLONE X is a collection of 20,000 next-gen Avatars, by RTFKT and Takashi Murakami.
At present, the total transaction volume of CLONE X in Opensea exceeds $395 million US dollars (198,8k ETH), and the floor price is 14 ETH. The NFT of this event is CloneX#3469: Human DNA, BLCK surprised eyes, GRN hacker hair and KAWAII CHRM jewelry.
CloneX#3469 has no completed transactions in the past year and was minted on December 12, 2021.
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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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