The hype over Goblintown NFTs dies out as the floor price declines 90% from its all-time high. The project with “No roadmap. No Discord. No utility. CC0.” has lost its authenticity among NFT fans.

The prolonged bear market bought great hype over Goblintown NFTs a few months ago. These free-to-mint NFTs were surging to an all-time high on OpenSea as others struggled to maintain their price.

[{"selector":"#anim-ccb04183-d4a9-4187-8e22-48e55fe57518","keyframes":{"opacity":[0,1]},"delay":500,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8a65828c-edd4-4dcd-9a2f-b97cf9f3ec33","keyframes":{"transform":["translate3d(-115.96386%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

At one point, Goblintown.wtf was charting higher than Bored Ape Yacht Club and CryptoPunks on the OpenSea marketplace. However, there has been a huge decline in interest in these creatures.

[{"selector":"#anim-0ab52138-2213-4b46-ab45-e2c3e8cd418d","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-50de8ab1-650c-46f8-af6b-aeb9ae21e6eb","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cef5bcf4-7b78-48f8-afd7-5e5c3ff0ecf9","keyframes":{"transform":["translate3d(-114.55109%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Learn More

[{"selector":"#anim-398c9155-1b6b-42e6-b2f7-1f8028f6cb60","keyframes":{"opacity":[0,1]},"delay":500,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-af9b51a5-47d0-43c1-8bcb-aa590053cc69","keyframes":{"transform":["translate3d(0px, -127.51068%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a11890eb-b47d-473c-9eae-ea9f66ca6a01","keyframes":{"opacity":[0,1]},"delay":475,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-72862011-5363-42ec-ace1-c31791aceb4b","keyframes":{"transform":["translate3d(0px, -147.69648%, 0)","translate3d(0px, 0px, 0)"]},"delay":475,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] When Goblintown.wtf was first launched, it grabbed a lot of attention after one promotional Twitter Spaces. The NFT floor price rose to 2 ETH and then, eventually to an ATH of 8 ETH in June.

Currently, the Goblintown NFT floor price is 0.98 ETH ($1,443). This is quite alarming for those who had bought the NFTs as an investment or with the hopes that they will bring more updates.

[{"selector":"#anim-aa4a341f-81f4-4ecd-aae2-8e49629ea757 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Although Goblintown.wtf has released different projects related to the NFTs such as the McGoblin burger, it still lacks the utility for holders, causing a decline of interest and floor price too.

[{"selector":"#anim-ce773336-100f-4d08-8599-e592f8cdba6e","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-742c1f98-3e98-4593-8292-9479014e6304","keyframes":{"transform":["translate3d(-112.08332%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

The team

[{"selector":"#anim-6689947e-0ae6-4b26-95c3-bfa1a3fa2381","keyframes":{"opacity":[0,1]},"delay":650,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0cd0f0cf-24c2-47eb-a85e-899b91620f9c","keyframes":{"transform":["translate3d(-127.63157%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":650,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2fa127a8-7092-4385-9204-28a13c5cf695","keyframes":{"opacity":[0,1]},"delay":700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7819009b-e232-4f2c-a90c-9051e04dcc0a","keyframes":{"transform":["translate3d(-113.99999%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-96df4844-3fb2-48ef-af27-0b9c40811925","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] doesn’t seem to be interested in dropping a roadmap or utility anytime soon and NFT holders need these two components to hold on to NFTs in their wallets. No. 3

Another reason

[{"selector":"#anim-87fdecb6-2df6-41da-86dd-72ff874c658e","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-71e40d65-0c0e-4b27-af02-ec9dafe54963","keyframes":{"transform":["translate3d(-120.51282%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-82f0bee6-e892-453e-af8f-cbcbf67fff21","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-620135dc-e24a-4593-afdd-9b9b777cd860","keyframes":{"transform":["translate3d(-116.40001%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ad957b1e-9b3e-464c-93d5-2463be3f9d2c","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] for the floor price decline might be the “Steve Aoki curse,” an urban myth that whenever DJ Steve Aoki buys an NFT from a collection, its floor prices start to drop drastically. Learn More

Whatever the reason might be for the dying hype, the era of Goblin creatures might be coming to end unless the team announces a strong utility to its NFT owners.

[{"selector":"#anim-584a32d3-5045-406b-8bd3-c7e7904ea225","keyframes":{"opacity":[0,1]},"delay":700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2a1f98e0-068f-4ca2-a927-d07b1499713c","keyframes":{"transform":["translate3d(-109%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c46a24fa-ea90-4eb0-9200-9cb8261b242c","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] No. 3

[{"selector":"#anim-c300209a-620f-4acc-b7c4-b5441e91c27d","keyframes":{"transform":["translate3d(-190.7767%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1b41bb27-214a-4f2a-a5e6-078236e41d9e","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-44f47dbb-ea91-4ee0-a198-9998ed72eaa9","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-2559ca17-37d0-41e7-bbc7-879bf2020534","keyframes":{"transform":["translate3d(-191.26214%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9f96f834-6bbf-431d-889f-52dafe8415d9","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-661ca949-795e-4a78-ba8f-31803bf9c098","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Melania Trump launches Christmas ornaments NFTs, funds for charity Fortnite creators list the first NFT game on its marketplace