We’re Launching an NFT Selection Process for Global Consensus Pricing!

2 min readNov 18, 2021

With PawnHouse, prices can be set by all. Everyone can be an oracle.

Dear NFT artists and collectors,

PawnHouse will officially launch the decentralized NFT Oracle pricing function in December 2021 that provides NFT auctions while also offering synchronous price proposal services. Consequently, thousands of users will jointly contribute their asset price information, which will be a big step forward in the NFT field!

We are currently soliciting substantial NFT assets from around the world to participate. The selected assets will be the first batch of NFTs in the world to obtain a consensus price. As the event’s initiator, PawnHouse and its ecological partners will jointly provide joint exposure and publicity support for assets.

How to Participate:

Please email team@pawnhouse.io to register and attach the following entry information:

  • NFT image
  • NFT name
  • Chain of NFT
  • Holder’s contact information (name, Twitter, Telegram, etc.)
  • The most recent transaction price or expected price
  • Description of asset highlights
  • Asset recommender (NFT with more KOL recommendations will increase the selection rate)

If you want to be a recommender of assets, you can recommend other NFT holders to participate in the event and provide the above information. If selected, the recommender will also be rewarded.

Participation Process:

From 00:00 (UCT) on November 10 to 00:00 (UCT) on December 05. We will verify based on the information you provide and notify the selected asset holders promptly.

In addition to historical reference and similar floor prices, NFT prices have a new and more widely-agreed pricing form. Based on the principles of group wisdom, NFT assets priced through consensus will also have higher popularity and liquidity in the market. The world will remember the pricing and assets this time through the developing history of crypto assets!

PawnHouse Team

November 9, 2021

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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