[NFT Oracle №40] Befuddled Burglar#20920 was priced by the PawnHouse consensus 94 times, where the final price reached 670 USDT (0.45 ETH)!

On July 27, 2022, the Befuddled Burglar#20920 completed the world’s first NFT oracle pricing!

During the 2-hour Pricing & Auction process, Befuddled Burglar#20920 received 94 many consensus prices. Statistics showed that the highest consensus price was 975 USDT provided by user 0x882***824, and the average consensus price was 656 USDT!

Befuddled Burglar#20920 passed 13 rounds of bidding, where the final price reached 670 USDT (0.45 ETH). Notably, the user who became the top Oracle was 0xA15***Fda!

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 Series 2 is a collection of 55,555 tokens created using combinations of 251 VeeFriends characters, 68 backgrounds, and 8 unique poses to create a collection comprised entirely of unique one-of-one NFTs. The collection features 236 original characters from VeeFriends Series 1 and 15 new characters created only in Series 2. The original hand-drawn VeeFriends characters have now evolved into their life-like Series 2 form as the VeeFriends universe takes shape. This token is a collectible that lives on the Ethereum blockchain.

At present, the total transaction volume of VeeFriends Series 2 in Opensea exceeds $41.38 million US dollars (28,000 ETH), and the floor price is 0.45 ETH. The NFT of this event is Befuddled Burglar#20920: befuddled burglar character, classic pose, graveyard scene, none spectacular.

Befuddled Burglar#20920 has no completed transaction in the past year.

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