Goblintown NFT Founders Fooled, Floor Price Drop Follows

The founders of one of NFT’s newest hype trains’goblintown’ they’ve doxed themselves like ‘truth labs‘, a self-styled collective of Web3 creators that is also behind the ‘IlluminatiNFT’ and ‘The 187’ projects. Contrary to the fact that transparency is largely welcomed within the space, the minimum project price has been lowered in the wake of the announcement.

To doxx themselves, truth labs posted a four minute video On twitter. The video communicated with the audience via text message and begins with the founders stating that they were afraid of fooling themselves due to their belief that the project is not necessarily about them. From here on, the video includes numerous instances where Truth Labs reinforced the idea that Goblintown doesn’t belong to them and that it belongs to everyone.

Unsurprisingly, the video also included several moments of gratitude, in which Truth Labs thanks the community for the courage and creativity that has been built around the project.

The doxxing also came with other news about the project, including the fact that the project does not, and never will, have a roadmap, Discord, or utility (a term they coined as ambiguous). The video also mentions that Truth Labs has reserve 1,000 NFT Goblin for pre-existing members of the IlluminatiNFT and The 187 communities, as well as those of the IlluminatiDAO and various other actors within the space. The NFTs will be gradually distributed after NFT.NYC, an event the project will attend via ‘The McGoblinburger Burger Truck’.

The video then said that after NFT.NYC, new Goblintown merchandise will be released. The venture is something that Truth Labs believes would have been difficult if they chose to remain anonymous. He then ended up tagging 12 of his team members who hadn’t been previously doxed.

At the time of the video’s release (June 14), Goblintown’s minimum price was around 4.9 ETH; however, as a result, the figure quickly fell to 3.15 ETH, and now stands at 3.33 ETH.

This counterintuitive response has led Twitter users to speculate as to its cause, however, since Azuki’s price floor increased after its founder deceived himself as a serial rug shooter, it can be say that the reactions of the NFT market sometimes do not follow any logical path.

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*All investment/financial opinions expressed by NFT Plazas come from the personal research and experience of our site moderators and are intended as educational material only. People are required to fully research any product before making any type of investment.

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