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

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

ONTOCHAIN

June 02, 2022
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  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

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  2. PiSwap Protocol – Ontochain Summit 2022 – Berlin
    0123ABC#$§
    Andreas Hofmann (MBA)
    20+ years MarCom and Business Development
    with focus on structured finance
    [email protected]
    0/1
    andreashofmann.eth
    OG in crypto, read-only
    andreashofmann.xyz
    [email protected]
    ABOUT ME

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  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

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  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

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  5. PiSwap Protocol – Ontochain Summit 2022 – Berlin
    💩
    HOLY SHIT!!
    VALUATION? JUST KIDDIN‘

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  6. PiSwap Protocol – Ontochain Summit 2022 – Berlin
    …THE REAL PROBLEM WITH NFTS?
    WHAT IS…

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  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

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  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?

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  9. PiSwap Protocol – Ontochain Summit 2022 – Berlin
    FAKE | PLAGIARISM | SCAMS | …

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  10. PiSwap Protocol – Ontochain Summit 2022 – Berlin
    HOW DOES NFT-EVALUATION WORK BASICALLY?
    BUT…

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  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…

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  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?

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  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?

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  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?

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  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?

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  16. PiSwap Protocol – Ontochain Summit 2022 – Berlin
    Panel-Discussion on NFTs with Michael Spitz (360x) @CAC22
    FAIR PRICES OF NFTS? AHEM….

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  17. PiSwap Protocol – Ontochain Summit 2022 – Berlin
    PRICING PROBLEMS

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  18. PiSwap Protocol – Ontochain Summit 2022 – Berlin
    PRICE-BUILDING-MECHANISM FOR ASYMMETRIC NFT-MARKETS
    GOOD NEWS FOR MARIA…

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  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 ;-)

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  20. PiSwap Protocol – Ontochain Summit 2022 – Berlin
    PISWAP IS….

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  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

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  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

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  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

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  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

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  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

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  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

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  27. PiSwap Protocol – Ontochain Summit 2022 – Berlin
    Andreas
    [email protected]
    Daniel
    [email protected]
    ANY QUESTIONS LEFT?

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  28. PiSwap Protocol – Ontochain Summit 2022 – Berlin
    THANKS FOR YOUR ATTENTION

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