[NFT Oracle №38] Cool Cat#1311 was priced by the PawnHouse consensus 149 times, where the final price reached 6,100 USDT (3.8 ETH)!
On July 20, 2022, the Cool Cat#1311 completed the world’s first NFT oracle pricing!
During the 2-hour Pricing & Auction process, Cool Cat#1311 received 149 many consensus prices. Statistics showed that the highest consensus price was 12,152 USDT provided by user 0x69E***4BC, and the average consensus price was 7,608 USDT!
Cool Cat#1311 passed 15 rounds of bidding, where the final price reached 6,100 USDT (3.8 ETH). Notably, the user who became the top Oracle was 0xd19***bDB!
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.
Cool Cats is a collection of 9,999 randomly generated and stylistically curated NFTs that exist on the Ethereum Blockchain. Cool Cat holders can participate in exclusive events such as NFT claims, raffles, community giveaways, and more. Remember, all cats are cool, but some are cooler than others.
At present, the total transaction volume of Cool Cats NFT in Opensea exceeds $176.82 million US dollars (110,100 ETH), and the floor price is 3.8 ETH. The NFT of this event is Cool Cat#1311: blue cat skin body, derp face, mohawk green hats, shirt yellow, cool 1 tier.
Cool Cat#1311 has completed two transactions in the past two year. The transaction time and price are as follows:
- On July 8, 2021, the transaction price was 0.35 ETH
- On July 7, 2021, the transaction price was 0.443 ETH
To participate with your assets in the pricing of NFT oracles, please apply via email to us: firstname.lastname@example.org.
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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.
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