[NFT Oracle №37] Sufficient Shrimp was priced by the PawnHouse consensus 191 times, where the final price reached 12,750 USDT (10.45 ETH)!

On July 16, 2022, the Sufficient Shrimp completed the world’s first NFT oracle pricing!

During the 2-hour Pricing & Auction process, Sufficient Shrimp received 191 many consensus prices. Statistics showed that the highest consensus price was 24,610 USDT provided by user 0xC76***734, and the average consensus price was 14,179 USDT!

Sufficient Shrimp passed 22 rounds of bidding, where the final price reached 12,750 USDT (10.45 ETH). Notably, the user who became the top Oracle was 0x880***1A8!

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.

VeeFriends is a Gary Vaynerchuk NFT project around meaningful intellectual property and an extraordinary community.

At present, the total transaction volume of VeeFriends in Opensea exceeds $66.25 million US dollars (55,300 ETH), and the floor price is 0.029 ETH. The NFT of this event is Sufficient Shrimp: sufficient adjective, shrimp, invertebrate category, limited conference, edition#4, 1 of 5, admission group, OG price 1.5 ETH, water property, very rare.

Sufficient Shrimp has completed two transactions in the past year. The transaction time and price are as follows:

  • On June 1, 2022, the transaction price was 7.55 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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PawnHouse NFT Pricing Review:

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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PawnHouse

Provide Better Liquidity and Price Discovery Mechanism for Nonstandard Assets