Art Gobblers Reminds us of the NFT Bull Run | NFT CULTURE | Web3 Culture NFTs & Crypto Art

Art Gobblers NTFs became the latest set to sell like hotcakes, and volumes and prices are soaring on OpenSea, and Blur.

Art Gobblers NTFs have been gobbling up the NTF market since they launched on November 1st. Today, Art Gobblers volume passed 7,000 ETH.

There are currently 1,154 unique owners representing a very healthy distribution of 66% unique owners.  there is speculation and some collectors have the expectation is that Beeple and all the other big NFT artists will be doing works to feed to the gobblers, The “public” launch and reveal is at 4:20pm EST. To buy you need their token GOO. Their ecosystem seems a bit complicated and there isn’t any solid info floating around though

What are Art Gobblers NFTs?

Art Gobblers is a new art gallery created by Rick and Morty creator Justin Roiland and web3 venture capitalist company Paradigm.

There are 1,800 NFT tokens available for purchase. These tokens serve as an on-chain gallery where people can “digest” pieces of artwork made by the factory. They can then use these tokens to assemble their own personal collections.

You can earn tokens from creating NFTs through a smart contract system called Ethereum. These tokens can then be used to buy blank canvasses for artists to use when they want to paint new artwork.

The perpetual art factory is attractive to NFTs right now because they’re gobbling them up.

Furthermore, there is a 6% transaction charge per item sold, but this can be avoided if you use marketplaces where these fees are not mandatory.

Some skeptics have suggested that the NTF scene is rigged or that these are money launders or Ponzi schemes. However, the volumes and prices do seem rather remarkable for the depth of a bear market.