Another NFT project has surfaced fetching millions of dollars and beating the bear market. The hyped-up Art Gobblers NFT project raked in more than $13 million just two hours after launch. The project focuses on making a self-sustaining art creation ecosystem or a decentralized art factory via financial incentivizing.
It has been the talk of the NFT town for this and many other reasons. One of the reasons is that the Art Gobblers is created by the venture capital firm Paradigm and Justin Roiland, voice actor for and co-creator of the blockbuster show Rick and Morty.
All these factors make Art Gobblers more appealing to the NFT community. Not only that, but the project is attracting more artists onto the platform through its intriguing concept. Through this project, artists can use the drawing tool on the Art Gobblers web page to create art that can be minted as ERC-721 tokens. The process is referred to as “glamination”.
Moreover, minting an NFT requires GOO tokens. Gobblers or animated ERC-115 tokens, then eat the tokens and display the art in their bellies. This concept of minting an NFT has grabbed the attention of artists and collectors alike, making more and more NFT enthusiasts join the ecosystem.
As of now, Art Gobblers fetched an ETH volume of 13895 with 1,091 unique owners, standing at the floor price of 12.74 ETH, as per the NFT data tracker Blur.
Earlier this year, Justin Roiland disclosed that he was working on an NFT research project with Paradigm. WIth this latest NFT project, Roiland is experimenting with how artists can curate and incentivize their artworks, making the NFTs more culturally relevant.