Goblintown NFT Collection: Did the Market Reach Peak Absurdity

Possibly the ugliest NFT collection: is this a joke or a deliberate trick?

Absurdity, goblin noises and bad art bring 2 ETH floor price and revive NFT hype.

Beware scams promising free Goblintown mints from copycat sites.

Goblintown is the new trending NFT collection, with a fully nonsensical communication. The art, obviously pointing to the current state of the crypto market, is nothing short of obnoxious. Goblintown will outdo even Bored Apes, which seem tame by comparison. 

Just like other hot NFT collections, Goblintown will not let its absurdity stop willing buyers. Just days after its launch, Goblintown traded 8.9K ETH for a floor price of 2.09 ETH. 

The secret sauce to Goblintown’s fame is its tiered sale mechanism, which sparked FOMO to get the items at a lower price. Later, when the hype subsides, Goblintown may go to the goblins, but at least in its initial stages, the collection has all the chances to line up as the top overhyped sale in NFT space. 

Here are some @goblintownwtf NFT stats. With only 5.4% available for sale there is about to be a supply shock. I don't think many realize how crazy this is about to get.
The second chart shows there are only 538 assets left until 25ETH FLOOR. pic.twitter.com/8c1LToPxFo

— Value-Trader (@AbizMind) May 26, 2022

Goblintown does not promise a game so far, though it is difficult to predict the team’s intention. The haphazard style of the illustrations is deceiving, and there may be more coming after the high-profile launch. 

The project’s team and goals remain mysterious, but Goblintown shows the NFT craze can be reawakened with the right tools and see floor prices and sales reach new highs.

https://twitter.com/arpee00/status/1529732108616224768

There are speculations Goblintown is the creation of animator Mike Judge, the one behind the Beavis and Butthead cartoons. The project’s Twitter handle spoke out in an inconclusive way whether this was the mind behind the Goblins collection. 

ₐᵤ yᵢₛ ᵤ ₕₐₑᵥ dₑₑₛₖᵤᵥᵤᵣₑd wₑ ₐᵣ @MikeJudge ₛₑₖᵣᵤₜₗy dᵢₛ ₕₒₗₑ ₜᵢₑₘ https://t.co/ftuOPp0KPU

— goblintown.wtf (@goblintownwtf) May 26, 2022

Goblintown is quite busy on social media, in its incomprehensible style. At this point, the sales are legitimate, though the project makes fun of crypto and NFT space. But the project also managed its mint well and offers a highly crafted website. The Goblin NFT are also deceptively simple, but actually unique and creative.

Beware Goblintown Scams

As with other popular projects, Goblintown is causing scammers to seek easy gains. Copycat sites invite potential buyers to connect their wallet and receive an exclusive airdrop. 

#PeckShieldAlert #phishing PeckShield has detected goblintown-claims[.]wtf is a phishing website. They lure you into connecting your wallet to get a free goblin mint, and the fake website looks nearly 100% identical to the genuine one. @goblintownwtf share to raise awareness. pic.twitter.com/5ZVqO2nSjn

— PeckShieldAlert (@PeckShieldAlert) May 26, 2022

The best approach is to only use the official links or the verified OpenSea sales for this collection. Goblintown is already past its initial free mint, and now new Goblins or resales command a much higher price.