Goblintown NFTs offer no utilities, roadmap, or Discord—what’s all the fuss about?
Goblintown NFTs take the crypto community by surprise this week. Even though the project creator, who’s yet to reveal themselves, boasts about the NFTs offering no utilities, roadmap, or Discord, the project’s popularity continues to skyrocket.
So, what’s appealing about these new and expensive digital ‘assets’ that don’t supply the usual advantages of non-fungible tokens?
WHO IS GOBLINTOWN?
Goblintown NFTs are 10,000 unique goblins with rare styles and characteristics that collectors can own and trade. One of the rarest goblins recently sold for a whopping 69.42ETH, despite the collection initially minting on the Ethereum blockchain for free, during a bear market.
At this time of writing, the average goblin sells for approximately 2.5ETH. More than 4,500 collectors have purchased one of the NFTs, making the project’s market cap surpass more than $50 million. But why do collectors want to hold one of these goblets in their wallets, despite offering little advantages?
WHAT’S THE DEAL WITH THE NEW GOBLINS?
Unlike other cryptocurrency projects, collectors can do whatever they wish with Goblintown NFTs due to being registered under creative commons (CCO). In other words, the creator has given up the project’s copyright by placing the collection into the worldwide public domain. As a result, buyers can do whatever they wish with the goblins after purchase without facing any consequences.
Some critics believe this collection is an upcoming blue chip NFT project. Contrastingly, others say the creator will have to reveal their identity to prevent others from being skeptical of the project’s intentions and keep its long-term value.
Nevertheless, the mystery behind Goblintown NFTs could be what keeps collectors enticed, alongside its unique registration.
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