What is Goblin Town NFT?
Built on the Ethereum blockchain, Goblin Town is a 10,000-strong collection of generative NFTs that launched on May 22nd. The collection seems to have come from nowhere and has not been heavily marketed to the NFT community. Despite this, trading volume for the NFTs on OpenSea is already over 45,000 ETH.
What are Goblin Town’s plans?
It seems the short-term goal is to troll everyone who thinks Bored Apes, Mutant Apes, Moonbirds, Clone X and Invisible Friends are serious collections. Upending preconceptions about “blue chip” NFTs seems to be Goblin Town’s method for differentiating itself from the sometimes smug projects that trade on their own exclusivity.
Looking at the Goblin Town website, it’s obviously creative and despite the seeming lack of care, a lot of thought has clearly gone into it. But the anonymous team behind the project hasn’t spent its time building up a loyal fanbase and a strong community. And the NFTs were minted for free so there’s nothing to undercut by bricking the floor price.
In a way, Goblin Town is the anti-NFT project. It’s the punk rock of web3 and its quick success is a testament to its originality. If this popularity continues, expect a slew of copycat projects that feign indifference and attempt to make a virtue out of apathy.
Goblin town being a CC0 project
From the start, the founders were upfront about the nature of this project. On the official website, the team outlined their plans in bold letters: “No roadmap. No Discord. No utility. CC0.” That last bit is especially worth paying attention to, as each Goblintown NFT is registered under a creative commons license, meaning buyers have free reign to do whatever they want with their goblin NFTs.
With its quickly rising floor prices, CC0 licensing agreements, and the amount of support it currently enjoys from the community, some observers believe this crass project holds massive potential.