by Jamie Redman
A non-fungible token (NFT) collection called Goblintown is capturing millions in sales, as the NFT project has recorded $22.85 million in sales this week surpassing Otherdeed’s $20.73 million. At the time of writing, Goblintown obtained $2.26 million in sales during the past 24 hours, and the collection’s floor value jumped 103.2% higher today, to a daily high of 2.79 ether.
The latest NFT collection turning heads this week is a project called Goblintown, an NFT compilation consisting of 9,999 goblins. One reason the project getting noticed is because the NFTs were minted for free and then they gained significant real-world value over time.
Without any frills, major promotions, or commercial hype, by May 23, 2022, Goblintown’s floor value was 0.5 ethereum (ETH), and its increased 458% to 2.79 ETH by Sunday evening on May 28. The project officially launched on May 22 and the only way people heard about it was through word of mouth. By the time the word got around the crypto campfire, Goblintown NFTs were getting pricey.
Goblintown’s Twitter account currently has 37,400 followers today and current metrics show 4,725 owners hold at least one Goblintown NFT. When a visitor arrives at the website called goblintown.wtf, there is a tab at the top of the page that says: “F***ing enter,” and after entering it says “sold out f***ers.”
At the time of writing, weekly NFT sales metrics show that Goblintown recorded $22.85 million in sales volume since May 22, and Goblintown is currently the top-selling NFT project this week. While the project is the hottest today, no one is really sure where the compilation came from and who exactly is behind the new digital collectibles.
GoblinTown holding the whole NFT market right now…
…👀 @goblintownwtf #goblintown #goblintownwtf #goblin #nft #nfts #bayc #crypto #mayc pic.twitter.com/oDjtmzSunY
— John Savage 🦇🔊 (@johnsavage_eth) May 28, 2022
There’s been a slew of unfounded rumors that the American DJ Steve Aoki or Yuga Labs are behind the NFT collection. Because the project has gathered significant value in a week’s time, Goblintown sellers have profited a great deal.
One Goblintown trader during the past seven days profited by 5,039% and another trader made a 264% profit in five days. The most expensive NFT sold from the collection during the past seven days is Goblintown 8,995, which sold for 69.42 ether or $136K. Goblintown 5,948 sold for 26 ether or $51K and Goblintown 7,944 exchanged hands for 27 ether or $46K.
The Goblintown collection’s sales this week have been helpful to the NFT industry’s sales, in general, as the NFT economy has been dealing with its first crypto bear market.
What do you think about the mysterious Goblintown NFT project that has been capturing a significant number of sales during the past seven days? Let us know what you think about this subject in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
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