The successful launch of the “marginal” NFT collection Goblintown.wtf has provoked a resurgence in the market for non-fungible tokens and the emergence of numerous followers.
Activity around Goblintown.wtf began with an airdrop on May 22. But according to OpenSea, as of 14:30 (GMT+3), June 2, the total cap of the collection is approximately 22,000 ETH and it continues to grow. The minimum token price is about 7 ETH, with a total of 9,999 NFTs issued.
Goblintown NFT started getting attention after the collection overtook Bored Ape Yacht Club in daily trading volume. The data provided by CryptoSlam! shows that Goblintown has already surpassed $10.5 million in trading volume over the last 24 hours, compared to BAYC’s $3.6 million. Meanwhile, the growth of the trading volume in comparison to the previous period was almost 100%. By similar indicators, the project has increased by more than 50% in seven days and lags behind BAYC by $2.5 million — $28.8 million vs. $26.3 million.
Among the factors making the project successful is its deliberate marginality, which can be seen in everything from the visual style of the NFT itself, the specific communication language, the themes and the abundance of memes. The Twitter community liked the overall concept. Goblintown.wtf’s account has over 52,000 followers who actively support the excitement around the collection.
The creators of the collection remain anonymous. Rumor has it that such a thorough work on all the project’s conceptual elements and the coherence of its launch into the media field shows that there’s a serious team behind Goblintown. The project’s site doesn’t have any information about its authors, but it does say that it has “No roadmap. No Discord. No utility.”
The huge success of Goblintown.wtf instantly provoked the appearance of numerous imitators — Goblin Grlz, Baby goblinz, Elftown.wtf, Zombiestown.wtf and others. The trading volume of these collections is also impressive; for example, CryptoSlam! data show that Goblin Grlz’s turnover has already exceeded $1.85 million for the last 24 hours, while the growth rate is over 66,000% in 24 hours. There is a new trend on the NFT market. Even though experts have recently stated the rapid decline of the global interest in NFTs in May 2022.
