Despite the collapse of the crypto market, a newly launched NFT project called Goblin Town is enjoying its skyrocketing sales as well as grabbing public attention by becoming one of the new top NFT projects of the week. Which appears to be unaffected by the downturn in the market.
Goblin Town, which launched on May 22, features unapologetically crude illustrations of ghost-like creatures whose culture is built around poor grammar, memes and toilet humour. Goblin Town NFT is a new meme-adjacent collection that is now giving Bored Ape Yacht Club and Mutant Ape Yacht Club more than their number of likes.
The success of these new NFTs is the latest trend in meme-filled NFTs like Kevin Collection and CryptoDicButts. In addition, this NFT collection has also topped OpenC’s top collection in terms of trading volume and sales in the last seven days and in the last 24 hours. Goblins have also replaced BAYC and are ranked number one.
OpenSea data reports that Goblin NFT has exceeded $25 million in sales over the past seven days and has garnered $7.3 million in sales in just 24 hours, with a minimum value of 8.69 Ether, which was 3-3 ETH on Wednesday. was twice as much. Currently up to 7.99 ETH. Further CryptoSlam data reports that the Goblin Town NFT has already sold for over US$150,000 on the Lucair NFT Marketplace.
Memes are not just the driving force for the popularity of Goblin Towns, while some believe that Era Labs is the driving force for Goblin Towns NFT. The fact that we cannot ignore its growth factor is wash trading would be a form of market manipulation for investors to trade among themselves to push up prices on platforms like LuxRay.
The collection of 9,999 NFTs was launched in the month of May, mined for free, and gained huge popularity in a short period of time. IT has also gained appreciation from the NFT market, especially by helping the NFT market survive through the bear market.