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
   

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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
   hofmann@coinvest.de
   0/1
   andreashofmann.eth
   OG in crypto, read-only
   andreashofmann.xyz
   andreas@piswap.xyz
   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
    andreas@piswap.xyz
    Daniel
    daniel@piswap.xyz
    ANY QUESTIONS LEFT?
    

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

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