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    Goblintown Ethereum NFTs Now Cost $16K

    Goblintown

    Goblintown is a fictional location. It’s a mental state characterized by groaning, moaning, memes, and an unwavering fascination with urine and feces. Its community misspells more terms than a kindergartener (on purpose), while the official OpenSea description is just a few discernable words buried within all-cap letters.

    You’ll now need at least $16,000 to join this exclusive group of gibberish-speaking fetishists. One Goblintown NFT’s minimum purchase price (floor price) more than quadrupled overnight into Wednesday, rising from 3.9 ETH to 8.95 ETH at one time, equating to nearly $16,600 in this market slump.

    The largest goblin sale thus far was a 1-of-1 orc NFT on LooksRare, which sold for 77.75 ETH ($144,600) early Wednesday morning. It’s worth mentioning, though, that this could be a result of the marketplace’s widespread wash trading.

    Regardless, some people are willing to pay five to six figures for ugly goblins—a week ago, the Sandbox blockchain metaverse game paid 26 ETH ($48,000) for a one-of-one Goblintown NFT on OpenSea.

    Why Goblintown?

    Perhaps you’re wondering why on Earth someone would pay thousands of dollars for such an unsightly NFT—a unique blockchain token that represents ownership over an item. That is an excellent question. For one thing, there are plenty of “degens” in the NFT community that like “aping” into new initiatives.

    Add in the fact that the Goblintown collection, which according to OpenSea statistics presently has 4,600 unique holders, takes pleasure in having “no roadmap.” There will be no discord. “It’s pointless.” Beyond being “for the memes,” the reason for the NFTs’ soaring price appears to have less and less of a rhyme or reason.

    It’s all about the memes, to a big part. There are plenty of Goblintown memes online, and there’s even a one-of-a-kind NFT based on the much-memed Kevin from the Pixelmon collection.

    Goblintown making its way

    Goblintown has already made its way into the public psyche. Last week’s Goblintown Twitter Space (where NFT holders produced goblin sounds) was described by Netflix Director of Product Design Kristy Tillman as “either an utter new low or brilliance.” “This is a razor-thin line.”

    Justin Mezzell, the co-founder of Proof Collective and Moonbirds NFT, termed Goblintown “a crazy adventure” to witness, but conceded that “the Goblin Town vibe isn’t for me.” The buzz surrounding Goblintown, according to Markus Magnusson, founder of the Ethereum NFT collection Invisible Friends, is “killing” other NFT collections, including his own.

    The NFT community on Twitter, on the other hand, sees things differently—and has a clear motive for buying photographs of creatures with characteristics like “Flappy,” “Dawwww,” “Clubbin time,” and “BLINGG.”

    How is the NFT community reacting?

    Many people are scratching their minds when the NFT community unites around goblin JPGs. Goblintown’s founders have yet to be identified, leaving Twitter’s power users with nothing but guesswork. Even self-described “meme connoisseurs” were perplexed by Goblintown’s growing floor price, according to one.

    They wrote, “Anything you thought you knew about the NFT market you don’t,” and “obviously neither do I.” But if you think the founders of Goblintown have accomplished everything they set out to do, think again.

    On Wednesday morning, a mystery tweet written in goblin-speak appeared on the official Twitter page, implying a probable free drop through the official Goblintown website on Friday evening. The message was accompanied by a photograph of what can only be described as mutant burger liquid.

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