Hofmann (MBA) 20+ years MarCom and Business Development with focus on structured finance email@example.com 0/1 andreashofmann.eth OG in crypto, read-only andreashofmann.xyz firstname.lastname@example.org ABOUT ME
(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
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?
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?
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 ;-)
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
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
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
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