[NFT Oracle №31] LonelyPop#6241 was priced by the PawnHouse consensus 162 times, where the final price reached 485 USDT (0.41 ETH)!

PawnHouse
3 min readJun 25, 2022

On June 25, 2022, the LonelyPop#6241 completed the world’s first NFT oracle pricing!

During the 2-hour Pricing & Auction process, Duck#4491 received 162 many consensus prices. Statistics showed that the highest consensus price was 949 USDT provided by user 0xFE0***e51, and the average consensus price was 458 USDT!

LonelyPop#6241 passed 28 rounds of bidding, where the final price reached 485 USDT (0.41 ETH). Notably, the user who became the top Oracle was 0x1a5***B48!

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.

LonelyPop is an art centered and community focused collectible NFT project residing on the Ethereum blockchain as a collection of unique, non-fungible tokens (NFTs) contrived of a combination of traits associated with underlying personalities & characteristics. LonelyPop was created with the intention of emphasizing the importance of mental health and specifically the challenges of loneliness.

At present, the total transaction volume of LonelyPop in Opensea exceeds $2.95 million US dollars (2,400 ETH), and the floor price is 0.15 ETH. The NFT of this event is LonelyPop#6241: swirl — baby pink background, angry face, red striped hat hair, human lonely form, better together tee outfit, pale type.

LonelyPop#6241 has completed one transaction in the past year. The transaction time and price are as follows:

  • On June 22, 2022, the transaction price was 0.23 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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