Free-to-Mint NFT Collection Goblintown Is Now Worth Over $50 Million

Top 10 NFT's Nov 6, 2022 0 82 Add to Reading List

A non-fungible token (NFT) collection called Goblintown is capturing millions in sales, as the NFT project has recorded $22.85 million in sales this week surpassing Otherdeed’s $20.73 million. At the time of writing, Goblintown obtained $2.26 million in sales during the past 24 hours, and the collection’s floor value jumped 103.2% higher today, to a daily high of 2.79 ether.

Mysterious Free-to-Mint Goblintown 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 reason the project getting noticed is because the NFTs were minted for free and then they gained significant real-world value over time.

Without any frills, major promotions, or commercial hype, by May 23, 2022, Goblintown’s floor value was 0.5 ethereum (ETH), and its increased 458% to 2.79 ETH by Sunday evening on May 28. The project officially launched on May 22 and the only way people heard about it was through word of mouth. By the time the word got around the crypto campfire, Goblintown NFTs were getting pricey.

Goblintown is this week’s leading NFT collection in terms of sales.

Goblintown’s Twitter account currently has 37,400 followers today and current metrics show 4,725 owners hold at least one Goblintown NFT. When a visitor arrives at the website called goblintown.wtf, there is a tab at the top of the page that says: “F***ing enter,” and after entering it says “sold out f***ers.”

At the time of writing, weekly NFT sales metrics show that Goblintown recorded $22.85 million in sales volume since May 22, and Goblintown is currently the top-selling NFT project this week. While the project is the hottest today, no one is really sure where the compilation came from and who exactly is behind the new digital collectibles.