NFT Collection Goblintown will prioritize the ‘worst’ traders in the Second Season Mint
Truth Labs, the Web3 company behind the popular non-fungible token (NFT) collection Goblintown, is preparing to introduce its Season 2 coin – and this time it’s even weirder.
Big Inc, a 15,000-unit follow-up to the Goblintown collection, has not announced a mint date or time. The pool is looking for “the worst traders in NFT land,” a Truth Labs spokesperson told CoinDesk, and will prioritize collectors based on their “rect activity” or bad trades in the space.
“If you are one of the 1000 worst traders in NFT country, you get 24 hours to create your Big Inc acceptance letter for free,” Truth Labs said. Holders of other Truth Labs NFT collections, including Goblintown, Grumpl and Illuminati, will also have special privileges to mint their Big Inc tokens for free.
Process Grey, co-founder and artist at Truth Labs, told CoinDesk that Goblintown Season 2 aims to celebrate the culture and community that created Web3, whether times are bullish or bearish.
“At the moment, everyone is down, and for a lot of people it feels like only the influencers survived the last year,” Process Grey, co-founder and artist at Truth Labs told CoinDesk. “Goblintown originally celebrated on the collective doom of the first collapse wave – and Big Inc now wants to reward those who stuck around!”
Goblintown Season 2 is based on the story of Big Inc, a large corporation in the fictional Goblintown that has brainwashed animals to become its employees. The collection’s artwork contains profile pictures (PFP) showing the animal heads with “super serious” expressions.
Interested collectors can apply to mint and Truth Labs will analyze wallet data to determine the quality of a trader’s NFT transactions. This will place traders on the “Down Bad Board”, or the leader board of the worst traders in the area.
In addition, the pool plans to capitalize on the popularity of the meme coin PEPE, whose price has increased by 2,100% in the past month, increasing its market cap to $502 million. Goblintown Season 2 will allow traders to receive a discount on token coin if they pay in PEPE, adding utility to the token.
Mint participants can pay 0.096 Ether (ETH), or about $175. Traders who choose to pay for the collection in PEPE will receive a 50% discount, with NFTs dynamically priced at 0.048 ETH, or approximately $88.
When Goblintown opened its mint in May 2022, the collection generated $7 million in sales and defied standard NFT market trends at the time.
According to OpenSea data, Goblintown has a floor price of 0.33 ETH, roughly $600. The trading volume is 63,422 ETH, over $116 million.
