PiSwap – Solving the NFT-Pricing Dilemma by Perpetual NFT-Synthetics

Slides presented at the ONTOCHAIN Summit for Trustworthy Internet by Andreas Hofmann, Co-Founder of PiSwap

Transcript

1. PiSwap Protocol – Ontochain Summit 2022 – Berlin FAKE OR FAME? Reliable Valuation on NFT-Markets Location: Berlin Date: 02.06.2022 Andreas Hofmann; Co-Founder PiSwap
2. PiSwap Protocol – Ontochain Summit 2022 – Berlin 0123ABC#$§ Andreas Hofmann (MBA) 20+ years MarCom and Business Development with focus on structured finance hofmann@coinvest.de 0/1 andreashofmann.eth OG in crypto, read-only andreashofmann.xyz andreas@piswap.xyz ABOUT ME
3. PiSwap Protocol – Ontochain Summit 2022 – Berlin Artist: Beeple (Mike Winkelmann; *1981) NFT: Everydays sold @Christie’s; March 11th 2021 $ 69 Million Snapshot (Dave Roth; January 2005) Disaster Girl; $ 401,718 Artist: Beeple 3D-Sculpture (180 cm) and NFT sold 28. October 2021; $ 29 Mio. SOME NUMBERS ON NFTS
4. PiSwap Protocol – Ontochain Summit 2022 – Berlin Larva Labs „masked alien punk“ #7523 (CryptoPunk 2017) Courtesy of Sotheby’s.11. März 2021: $11.75 million Meme Charlie Bit Me; $ 761,000 Meme Overly Attached Girlfriend; $ 417,229 SOME NUMBERS ON NFTS
5. PiSwap Protocol – Ontochain Summit 2022 – Berlin 💩 HOLY SHIT!! VALUATION? JUST KIDDIN‘
6. PiSwap Protocol – Ontochain Summit 2022 – Berlin …THE REAL PROBLEM WITH NFTS? WHAT IS…
7. PiSwap Protocol – Ontochain Summit 2022 – Berlin The main challenge faced in the NFT market is the uncertainty in determining the price of the NFT. ….. $ 48.000.000 vs. $ 280 ….. EVALUATION
8. PiSwap Protocol – Ontochain Summit 2022 – Berlin ILLIQUIDITY Asset illiquidity on Primary Market: 16 % Market Volume >> 1 Beeples or 1 PAK Single/rare items show lack of options Monetary illiquidity on Secondary Market: $ 1.75 Bil. ≈ 84 % Market Volume >> Floor Price avg. 0,01 – 0,05 ETH Although investors are willing to invest UNCERTAIN VALUE Primary Market: $ 2,9M for Jack Dorsey NFT Tweet Wash-trades fakes and plagiarism Secondary Market: $ 48M Auction Start-Price $ 400 Best Offer (not sold) In-Transparent Price-Building Easy to manipulate ASYMMETRIC MARKETS Primary Market 53% 610.000 Trades NFT often single/rare items with high prices so High demand for low supply Secondary Market 47% 580.000 Trades Connecting buyer & seller is a cumbersome process Lead to limited secondary market trading WHY IS IT A PROBLEM?
9. PiSwap Protocol – Ontochain Summit 2022 – Berlin FAKE | PLAGIARISM | SCAMS | …
10. PiSwap Protocol – Ontochain Summit 2022 – Berlin HOW DOES NFT-EVALUATION WORK BASICALLY? BUT…
11. PiSwap Protocol – Ontochain Summit 2022 – Berlin $ 1,036 Billion Tesla Shares ca. 750 $ / share (date: 10.05.2022) Exchanges Deutsche Börse; NASDAQ, … THE FAIR PRICE OF TESLA SHARES? RATIO BASED ON FIAT HOW DO WE KNOW…
12. PiSwap Protocol – Ontochain Summit 2022 – Berlin $ 30.000 $ / BTC (date: 10.05.2022) Exchanges Binance, Kraken, bitcoin.de RATIO BASED ON FIAT 19 Million BTC (05-2022) HOW DO WE KNOW… THE FAIR PRICE OF BITCOIN?
13. PiSwap Protocol – Ontochain Summit 2022 – Berlin $ ca. 2.350 $ / ETH (date: 10.05.2022) Exchanges Binance, Kraken, bitcoin.de RATIO BASED ON FIAT 120 Million ETH (05-2022) HOW DO WE KNOW… THE FAIR PRICE OF ETHER?
14. PiSwap Protocol – Ontochain Summit 2022 – Berlin DEXs – Decentralized Exchanges Uniswap, 1Inch, sushiswap, … RATIO BASED ON FIAT 19M BTC (05-2022) ETH ADA DASH IOTA MONERO ….. $ ca. 30.000 $ / BTC (date: 10.05.2022) HOW DO WE KNOW… THE FAIR PRICE OF ALTCOINS?
15. PiSwap Protocol – Ontochain Summit 2022 – Berlin Marketplaces Opensea, rarible, foundation, superrare RATIO BASED ON ??? 1 NFT (05-2022) ??? HOW DO WE KNOW… THE FAIR PRICE OF NFTS?
16. PiSwap Protocol – Ontochain Summit 2022 – Berlin Panel-Discussion on NFTs with Michael Spitz (360x) @CAC22 FAIR PRICES OF NFTS? AHEM….
17. PiSwap Protocol – Ontochain Summit 2022 – Berlin PRICING PROBLEMS
18. PiSwap Protocol – Ontochain Summit 2022 – Berlin PRICE-BUILDING-MECHANISM FOR ASYMMETRIC NFT-MARKETS GOOD NEWS FOR MARIA…
19. PiSwap Protocol – Ontochain Summit 2022 – Berlin PiSwap is created as a decentralized autonomous market maker mechanism for primary and secondary markets. Its value proposition is: INCREASING TRANSPARENCY INCREASING COMPLETENESS INCREASING ACCESS/PARTICIPATION The innovation of PiSwap is the usage of market-mechanisms traditionally used in FIAT and stock markets to predict the value of the underlying asset, the so called Bull-Bear-Certificate better known as Long-/Short Certificate. DAMMM…. GOOD ;-)
20. PiSwap Protocol – Ontochain Summit 2022 – Berlin PISWAP IS….
21. PiSwap Protocol – Ontochain Summit 2022 – Berlin Smart Contract & ID Price is undervalued Price is overvalued Bull-Token: X ETH Bear-Token: Y ETH PERPETUAL NFT-MARKET
22. PiSwap Protocol – Ontochain Summit 2022 – Berlin BoredApeYachtClub #8520 Offer-Price: 60 ETH (ca. 125.000 $) Smart Contract: 0xbc4ca0eda7647a8ab7c2061c2e118a18a936f13d ID. 8520 Price is undervalued Price is overvalued Bull-Token: X ETH Bear-Token: Y ETH PERPETUAL NFT-MARKET
23. PiSwap Protocol – Ontochain Summit 2022 – Berlin Smart Contract: 0x495f947276749ce646f68ac8c248420045cb7b5e ID: 608066879715961924062453639010547169309404940214…….. 0x866F5DA24591B2401F04C1F3Dd0cBc799Bb52fdf andreashofmann.eth 10,000 ETH Price is undervalued Price is overvalued Bull-Token: X ETH Bear-Token: Y ETH PERPETUAL NFT-MARKET
24. PiSwap Protocol – Ontochain Summit 2022 – Berlin Buyer 2 Liquidity Provider Blockchain Artist NFT a Owner of NFT Listed by interested user Buyer 1 Fee ETH Fee Bear Token Bull Token Fee Liquidity Pool NFT a Price: 10 ETH 10 ETH 1 2 3 4 5 6 6 NFT PREDICTION MARKET
25. PiSwap Protocol – Ontochain Summit 2022 – Berlin The use of the protocol is not limited at all – it is suitable for any prediction market in mind. GOVERNMENTAL SERVICES METAVERSE-ASSETS (LAND-/HOUSES…) GAMING-ASSETS CO2-EMISSION CERTIFICATES ELECTIONS, POLLINGS …. NFT PREDICTION MARKETS
26. PiSwap Protocol – Ontochain Summit 2022 – Berlin BOWLER Cutomized Smart Contracts Create contracts with prefab module create contracts before listing Smart Contract Editor Options PERUNX/POLYCRYPT Cross-Chain TX: Cross-Chain-Infrastructure Cross-Chain-NFT Similar Liquidity Pool Issues NFTWATCH Data Provenance: Meta-Data / Traits Owners & Standards Rating-Browser-Plugin POSSIBLE PROJECT COOPERATIONS
27. PiSwap Protocol – Ontochain Summit 2022 – Berlin Andreas andreas@piswap.xyz Daniel daniel@piswap.xyz ANY QUESTIONS LEFT?
28. PiSwap Protocol – Ontochain Summit 2022 – Berlin THANKS FOR YOUR ATTENTION