[NFT Oracle №20] Doodle#590 was priced by the PawnHouse consensus 221 times, where the final price reached 48,000 USDT (24.17 ETH)!

On May 18, 2022, the Doodle#590 completed the world’s first NFT oracle pricing!

During the 2-hour Pricing & Auction process, Doodle#590 received 221 many consensus prices. Statistics showed that the highest consensus price was 52,000 USDT provided by user 0xF33***6bE, and the average consensus price was 37,380 USDT!

Doodle#590 passed 12 rounds of bidding, where the final price reached 48,000 USDT (24.17 ETH). Notably, the user who became the top Oracle was 0xd7e***0Ca!

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.

Doodles is a community-driven collectibles project featuring art by Burnt Toast. Doodles come in a joyful range of colors, traits and sizes with a collection size of 10,000. Each Doodle allows its owner to vote for experiences and activations paid for by the Doodles Community Treasury.

At present, the total transaction volume of Doodles in Opensea exceeds $264.59 million US dollars (129,700 ETH), and the floor price is 13.95 ETH. The NFT of this event is Doodle#590: gradient 4 background, blue and yellow jacket body, skeleton face, green bowlcut hair and tan head.

Doodle#590 has completed one transactions in the past year. The transaction time and price are as follows:

• On April 24, 2022, the transaction price was 15 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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