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In an age with a meme for every occasion, none represents the current bearish crypto market better than “Goblin Town.” A reference to a song (“Down Down to Goblin Town”) from the 1977 film adaptation of J.R.R Tolkien’s The Hobbit, the meme captures the gloomy sentiment of the current crypto and NFT markets.
Ironically, a new NFT collection has sprung up from the ashes of this depressing meme, briefly unseating top collections like Bored Ape Yacht Club (BAYC) and CryptoPunks in terms of trading volume.
Why are these unsightly digital avatars gobblin’ up all the attention and cash? If you have the stomach for rot, fecal matter and other unwholesome obsessions, hold your noses and join us as we dive into the Goblin-town NFT project.
Goblintown NFTs are a collection of non-fungible tokens (NFTs) based on memes designed as avatars for social media accounts. The collection has sold startlingly well, with Goblin creatures such as dragons, mosquitoes, trolls, wizards, and “Kevin” from Pixelmon.Goblintown NFTs are the sweethearts of NFT enthusiasts at the moment, and these gibberish-speaking, comically bizarre creatures are ranking higher (7th) than many other NFT collections that launched earlier, according to popular NFT and DeFi DApp store DappRadar.