[NFT Oracle №29] Meebit#4291 was priced by the PawnHouse consensus 129 times, where the final price reached 7,050 USDT (7.1 ETH)!

On May 18, 2022, the Meebit#4291 completed the world’s first NFT oracle pricing!

During the 2-hour Pricing & Auction process, Meebit#4291 received 129 many consensus prices. Statistics showed that the highest consensus price was 13,869 USDT provided by user 0x506***75c, and the average consensus price was 7,253 USDT!

Meebit#4291 passed 17 rounds of bidding, where the final price reached 7,050 USDT (7.1 ETH). Notably, the user who became the top Oracle was 0xAd8***C339!

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.

The Meebits are 20,000 unique 3D voxel characters, created by a custom generative algorithm, then registered on the Ethereum blockchain.

At present, the total transaction volume of Meebits in Opensea exceeds $121.92 million US dollars (121,800 ETH), and the floor price is 0.029 ETH. The NFT of this event is Meebit#4291: brown hair color, very long hair style, skirt pants, dark gray pants color, oversized hoodie shirt, black shirt color, sandals shoes, black shoes color, human type.

Meebit#4291 has completed one transaction in the past two year. The transaction time and price are as follows:

  • On May 7, 2021, the transaction price was 1.28 ETH

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

______________________________

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

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
PawnHouse

Provide Better Liquidity and Price Discovery Mechanism for Nonstandard Assets