[NFT Oracle №33] WZRD#7797 was priced by the PawnHouse consensus 77 times, where the final price reached 124 USDT (0.12 ETH)!

On July 02, 2022, the WZRD#7797 completed the world’s first NFT oracle pricing!

During the 2-hour Pricing & Auction process, WZRD#7797 received 124 many consensus prices. Statistics showed that the highest consensus price was 245 USDT provided by user 0xFE0***e51, and the average consensus price was 97.44 USDT!

WZRD#7797 passed 21 rounds of bidding, where the final price reached 124 USDT (0.12 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.

WZRDS is an epic saga, about the story of WZRDS and their Kingdom of Tyrol.

At present, the total transaction volume of WZRDS in Opensea exceeds $2.74 million US dollars (2,600 ETH), and the floor price is 0.14 ETH. The NFT of this event is WZRD#7797: cloudy purple background, shaved beard, human body, raised brows, nerd glasses eyes, barely there hair, brown hair, peasant hat, crackhead smile mouth, sniffer nose, necromancy goblet prop, groucho stache, rubbish top.

WZRD#7797 has completed one transaction in the past year. The transaction time and price are as follows:

  • On June 29, 2022, the transaction price was 0.5 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