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Art Gobblers is a free-to-mint collection of non-fungible tokens (NFT) by “Rick and Morty” co-creator Justin Roiland with the support of Web3 investment firm Paradigm.
The collection has witnessed over 9,600 ETH (about $15 million) in trade volume since its minting on Monday evening, according to data from the NFT exchange Blur.
The objective of Art Gobblers is to establish a decentralised art factory via NFTs, a GOO token, and community involvement.
It’s time. https://t.co/th7jZANTG5 pic.twitter.com/Aun6LZvtsq
— Art Gobblers (@artgobblers) October 31, 2022
How it works
Each of the 2,000 NFTs in the collection will act as its on-chain, transferable art gallery. The owners of NFTs can “digest” artwork created on the project’s website to add to their “art bellies,” which become transportable curated collections.
Users can use an ERC-20 token called GOO to mint artwork. The tokenomics are somewhat sophisticated; after acquiring GOO, holders can create “Pages,” NFTS that serve as blank canvases to digest, trade, or “glaminate” with custom artwork.
Artgobblers.com
The NFTs’ art unveiling is scheduled for Tuesday, but holders and non-holders can produce off-chain art on the project’s website as a preview.
According to Blur’s NFT marketplace, the collection had an astounding 11 ETH (approximately $17,000) floor price at the time of writing. The collection’s royalty rate is 6.9%, and just under half of the buyers opt for royalty-free marketplaces like Blur and X2Y2 to avoid paying the royalty fee.
According to OpenSea data, the collection is already in the top 10 for October sales volume after less than one day of trading.