Goblintown boom leaves crypto community confused and divided

2 years ago

A mysterious non-fungible token project, Goblintown WTF, is trading astatine grounds highs aft its caller launch, leaving galore to speculate connected who is down the ironic NFT project.

The NFT postulation launched connected May 22 without overmuch fanfare, but its level terms has present reached 8.25 ETH connected OpenSea, astatine a clip erstwhile the prices of astir blue-chip NFTs are struggling.

Goblintown beats competitors

According to information from CryptoSlam, Goblintown is 1 of the astir traded NFTs successful the past 30 days. It has a trading measurement of implicit $43 cardinal since launch, and the astir costly of the collection, goblintown #6485, was sold for 77.75 ETH ($150,923). Goblintown NFTs’ minting was free.

For context, the trading measurement of blue-chip NFT collections similar Moonbirds, CryptoPunks, BAYC, Meebits, and Mutant Ape has declined by implicit 50% wrong the past 30 days.

Unknown developers

While astir NFT task developers are speedy to bask successful the praise for the occurrence of their projects, it appears that Goblintown developers alternatively similar to stay chartless arsenic determination is small to nary accusation astir the creator(s).

I bought a @goblintownwtf for 2 reasons; 1) I haven't bought thing horrendous successful similar 2 weeks. 2) it's mysterious and weird and rumors are swirling it's someway affiliated with yuga? I dunno seems similar a look for a pump to 1eth #GoblinTown pic.twitter.com/J6T3TiTTpo

— ΞxitLiquidity // 454.eth (@exitliquidity1) May 22, 2022

Speculation circulating successful the abstraction is that Yuga Labs mightiness beryllium connected to the task due to the fact that it mentioned Goblins arsenic 1 of its gross channels for this twelvemonth successful its leaked pitch deck.

The task has besides been linked to Beeple, who has denied immoderate connection. The integer creator referred to Goblintown NFTs arsenic a “low effort pump and dump project.”

insane I person to accidental this, but one person not joined immoderate shockingly debased effort pump and dump projects that volition stay nameless.

look astatine the charts of akin projects, you cognize successful your bosom however this communicative ends. #NFA

— beeple (@beeple) May 27, 2022

No roadmap, nary utility, nary problem

Apart from the information that the task developers are presently unknown, Goblintown is charting a caller people arsenic its website intelligibly states that determination is “No roadmap. No Discord. No utility.”

So, alternatively of focusing connected marketing, roadmap, assemblage building, and inferior similar accepted NFTs, it has done the opposite.

Surprisingly, this caller attack has go the biggest selling constituent for the Goblintown collection, showing however unpredictable the NFT country tin be.

So far, the task has been moving to make an anti-NFT persona. Its Twitter relationship has been trolling blue-chip NFTs specified arsenic the Apes, Clone X, and McDonald’s.

dₑy ₛₐy dₑy ₐᵣ bᵢₗₗdᵢₙ
gₒbₗᵢₙₒ ₐᵣ bᵢₗₗdᵢₙ dₐ bᵤᵣgᵣᵣ
fwₑₑ cₗₐᵢₘ Fᵤᵣ GₒBₗᵢₙₒₛ ₒₙₗₑₑ ₒₙ dₐ ₒffᵢₛₕᵤₗ ₛᵢₜₑ
fᵣy dₐₑ ₙᵢₜₑ pic.twitter.com/vLzsNjRDAn

— goblintown.wtf (@goblintownwtf) June 1, 2022