What is Goblin town NFT?

In an age where there is a meme for every occasion, "Goblin Town" best represents the current bearish cryptocurrency market. Ironically, a new NFT collection has risen from the ashes of this depressing meme, briefly surpassing Bored Ape Yacht Club (BAYC) and CryptoPunks in trading volume. So what is Goblin town NFT? This article will cover all information about one of the strangest NFTs in the world.

Goblin town NFTs are a collection of 9999 NFTs intended as avatars for social media profiles based on memes. The collection of Goblin creatures, including dragons, bugs, trolls, wizards, and "Kevin" from Pixelmon, has sold surprisingly well.

Goblin town's name and website's URL, which ends in.wtf, encapsulate the emotions that every NFT collector experiences amid a massive market drop: rage, mayhem, absolute confusion, and anarchy. In this regard, the moniker is a slang term for bear markets, and the project might be interpreted as an intricate commentary on the situation of NFTs and NFT collectors during the 2022 decline.

The project's objective is also very unexpected. Recently, a number of renowned NFT collectors have emphasized that an NFT project must have meaningful utility in order to be taken seriously. Goblin town's creators are indifferent.

The founders were transparent about the nature of this initiative from the outset. The team stated in bold letters on its official website, "No road map. No Discord. Without utility. CC0.” This final point is particularly important, as each Goblin town NFT is registered under a creative commons license, allowing buyers to do whatever they wish with their goblin NFTs.

With its rapidly increasing floor costs, CC0 licensing terms, and present community support, some analysts feel this obnoxious project has enormous potential.

Why Are Goblintown NFTs Popular?

Discover more: https://www.nftciti.io/collections/165

In the NFT and cryptocurrency communities, Globintown NFTs have become the new "to the moon" asset, which is somewhat surprising given the circumstances surrounding the project's introduction.

The Goblin town PFP NFT project temporarily stole the spotlight from "blue-chip" NFT projects such as Moonbirds, BAYC, and Otherside, among many others.

Not only has wtf surpassed other NFT collections in terms of weekly sales, but it has also been able to persuade consumers of its capacity to make something from almost nothing.

Goblin town NFT's unorthodox and inventive marketing strategies, as well as a number of other aspects surrounding the project, may be to blame for the project's growing popularity.

Let's examine some potential causes behind Goblintown NFT's success.

Creator Discretion

This NFT project was conceived by a group of anonymous developers, which is not uncommon in the crypto realm. The anonymity of the team behind such a well-coordinated project has added fuel to the fire, causing the crypto community to be on edge as they attempt to solve the mystery surrounding the Goblin town NFT team.

In the end, the popularity of Goblin town NFTs is primarily attributable to the high quality and polish of the project, which attracts attention and leads people to speculate that the team behind it must be exceptionally talented.

Free to Profit

Goblin town acquired popularity due to the fact that it was once free to mint. In rare cases, the cost of minting new NFTs can exceed $1000. This gave the Goblin town NFT project a head start and allowed newcomers to access the area.

Unconventional Methodology

The unconventional yet innovative strategy that the creators of Goblin town NFT employed to launch the collection appears to have aided in its ability to amass a great deal of moss. According to the project's website, it has "no roadmap, no Discord, and no utility..."

In fact, there is no stated roadmap for Goblin town, and its creators have indicated that there are no plans to launch its native cryptocurrency token in the near future, although this is still unclear.

Link to Yuga Labs

The rumor that the Goblin town NFTs collection is affiliated with Yuga Labs, the web3 firm behind the Bored Ape Yacht Club, is one of the reasons for its appeal.

Nansen, a provider of real-time crypto and NFT insights, asserted that the creators of BAYC and Mutant Apes may also be responsible for the Goblin town NFT.

Ugly and Unique Art

Characters in Goblin town are distinct in a certain way. This NFT collection contains an army of gibberish-speaking goblins with crooked faces.

One would assume that these "ugly" characteristics would have impacted the product's popularity. Instead, it appears to be, so to speak, compounding the interest. Some Goblintown followers believe that less is more and that ugly is a form of beauty.

Meme Culture

The Goblin town NFT collection is mostly based on the rich meme culture of the NFT community, for which the NFT community is recognized. There are numerous Goblin town NFTs and even a unique NFT of Pixelmon's Kevin on the internet.

However, the meme sentiments in this endeavour are disorganized and strange. The project has been "meme-ified. It personifies cultural sorrow, wrath, greed, and joy, according to one NFT fan on Twitter.

Goblin town NFT Team

When Goblintown NFT was first released, its designers were unknown. Despite the founders' humorous description of the collection, it did not appear to be an amateur effort. In reality, what stood out to more seasoned members of the NFT community was the exceptional quality of the project as a whole.

Initially, there is art. It's a far cry from MS Paint stick figures, and anyone who looks at the graphics can tell they were created by real artists. The user interface is intricate and entertaining, with a number of amusing surprises built in. Clearly, someone with a background in user experience design and engineering is responsible for its creation.

The remarkably on-brand events were one of the initial indicators of the overall excellence of the project. In a peculiar Twitter session hosted shortly after midnight EDT on May 26th, guests were subjected to nearly three hours of speakers making — for want of a better phrase — goblin sounds. More than 86,000 viewers tuned in, and media outlets from around the world covered the event.

Concerning who was behind the collection, rumors abounded. Many users believed it was affiliated with the famed crypto artist Beeple.

goblintown-NFT-thumbnail (1).png

Eventually, though, the builders of Goblin town NFT revealed their identities. On June 15, the Goblin town NFT crew made an uncommonly official message to their audience via a tweet.

The founders of Goblin town NFT identify themselves as Truth Labs in the post. It is a group of creators whose mission is "committed to sharing joyful blockchain mischief, exploring creatively, producing rich, enjoyable worlds and experiences (both in real life and in the digital domain), and offering a forum for fresh voices and visions in this arena."

Previously, the Truth Labs team launched The 187 and Illuminate Collective. Finally, with Goblintown NFT, it appears that they were able to achieve their goal of spreading humour and lightness to the broader NFT community.

Conclusion

Despite the current loss of momentum, Goblin town NFT has contributed significantly to the NFT market's revitalization over the past month. We do not know if the innovative collection's creators planned it or if it was a stroke of luck, but the project has been successful by adhering to the maxim "less is more." And here is information to help you answer the question "What is Goblin town NFT?'' For more insights, check out the links below.

Website: https://goblintown.wtf/

Twitter: https://twitter.com/goblintown

FAQs - What is Goblintown NFT

Where to buy GoblinTown NFTs?

Until recently, GoblinTownNFTs could only be purchased on secondary markets such as OpenSea, Rarible, and LooksRare. Truth Labs, however, announced in September the introduction of Truth Labs Marketplace, a specialized secondary sales site for its own NFT collections, including GoblinTown.

NFTciti.io - New NFT Marketplace Project

NFTciti is the first marketplace to share revenue with NFT creators. It’s built to be easy to use and a joy to explore, whether you’re a longtime NFT enthusiast or a newbie just encountering the blockchain miracle for the first time. On NFTciti, collectors can easily stay updated with the latest information about NFT collections and manage their portfolios with high security. Initially, NFTciti will support Polygon-based NFT, then expand to support other blockchains.

Discord: https://discord.com/invite/mWbGMSJfAX

Twitter: https://twitter.com/Nftciti_io

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