A collection of non-fungible tokens (NFTs) called Goblintown sees millions in sales, as the NFT project saw $22.85 million in sales this week, surpassing Otherdeed’s $20.73 million. As of this writing, Goblintown has achieved sales of $2.26 million in the past 24 hours, and the collection’s floor value jumped 103.2% today, to a daily high. of 2.79 ethers.
Goblintown’s Mysterious Free NFT Collection Captures Millions
The latest NFT collection turning heads this week is a project called Goblintown, an NFT compilation consisting of 9,999 goblins. One of the reasons the project got noticed is that NFTs were created for free and then gained significant real value over time.
With no frills, major promotions, or hype, on May 23, 2022, Goblintown’s bottom value was 0.5 ethereum (ETH), and it rose 458% to 2.79 ETH on Sunday evening, May 28. The project was officially launched on May 22 and people only heard about it by word of mouth. By the time word made the rounds of the crypto campfire, Goblintown NFTs were getting expensive.
goblintown Twitter account currently has 37,400 subscribers today and current metrics show that 4,725 owners own at least one Goblintown NFT. When a visitor comes to the website called goblintown.wtf, there is a tab at the top of the page that says: “F***ing enter”, and after entering it, it says “sold out f* **ers”.
At the time of writing, NFT’s weekly sales stats show that Goblintown has had $22.85 million in sales volume since May 22, and Goblintown is currently the top-selling NFT project this week. While the project is hottest today, no one is quite sure where the compilation came from and who exactly is behind the new digital collectibles.
GoblinTown currently owns the entire NFT market…
— John Savage 🦇🔊 (@johnsavage_eth) May 28, 2022
There was a flurry of unfounded rumors than the American DJ Steve Aoki or Yuga Laboratories are behind the NFT collection. Because the project accrued significant value within a week, Goblintown vendors profited greatly.
A trader from Goblintown in the last seven days made a profit of 5039% and another trader made a profit of 264% in five days. The most expensive NFT sold from the collection in the last seven days is Goblintown 8,995, which sold for 69.42 ether or $136,000. Goblintown 5,948 sold for 26 ethers or $51,000 and Goblintown 7,944 hands traded for 27 ethers or $46,000.
The sales of the Goblintown collection this week were helpful for the NFT industry sales, in general, as the NFT economy faced its first crypto bear market.
What do you think of the mysterious Goblintown NFT project which has captured a significant number of sales over the past seven days? Let us know what you think about this topic in the comments section below.
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