On June 9th, according to encryption community user @0xEthanDG, electronic music pioneer and NFT giant Steve Aoki (Steve Aoki) has purchased two "Goblin" Goblintown NFTs, both of which have relatively rare According to the OpenSea transaction data, the prices of these two ETHs are 8 ETH and 8.88 ETH respectively (as shown in the figure below).

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What is the "Curse of Aoki"?

The so-called "Steve Aoki Curse" (Steve Aoki Curse) is actually because shortly after he purchased NFTs such as Moonbirds and Azuki, the floor prices of these well-known NFT projects plummeted. When this article was written, the floor price of "Goblin" Goblintown NFT was 3.4 ETH, a 24-hour drop of up to 15%. The current total transaction volume is 76.17 million US dollars, and the market value has dropped to 65.72 million US dollars.

At least judging from the current trend of the "Goblin" Goblintown NFT floor price, the "Curse of Aoki" seems to have worked, and the urban legend attached to Steve Aoki has become more credible.

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Bear market performance shines

Most digital collectibles usually experience huge trading spikes in the first few days, followed by a sharp drop, but "Goblin" Goblinwown seems to follow a completely different pattern, although the daily trading volume has also fluctuated back and forth, but the overall level remains growth trend. For example, "Goblin" Goblinwown's most intensive trading day occurred on June 1, just over a week after the project started casting. This situation is different from most digital collectibles, which usually hit a trading peak on the day of casting , and then kept going lower (Otherdeed is a good example).

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"Goblin" Goblinwown's problem: Weak practicality

The team behind "Goblin" Goblinwown admitted frankly that there is currently no roadmap and practical tools related to the project except for the weird art itself.

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The picture above is from Dapprader

In May 2022, "Goblin" Goblinwown's official Twitter went live, and the number of fans has reached 66,000, with an average of more than 2,000 new fans added every day, which is not bad. It is worth mentioning that there are unconfirmed rumors on Twitter that "Goblinwown" is a secret project of Yuga Labs, the team behind BAYC. This "selling point" seems to increase the curiosity and interest of many people .

It should be noted that the "Goblin" Goblinwown team is anonymous and currently only has Twitter accounts, and most of the accounts were created in just a few months and time. According to the disclosed information, the project leaders of "Goblin" Goblinwown are "Garf" and "Urki". On the githalpburger.wtf website mentioned above, we saw that the management announced the management of the Goblin town burger restaurant The team includes: @crypto4nft, @aforafro, @waterdeepeth, @MrMcgoblin, @inetdave, @Wire_lyss, @TheChainGamer, @DadMod_xyz, and @DremeKrispy.

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other risks

Like most NFT projects, "Goblin" Goblinwown uses IPFS to store its metadata, rather than a project fully deployed on the Ethereum blockchain. This type of storage is common in NFTs because on-chain storage The amount of image data is too large, which can easily affect subsequent development. While there are no known technical issues reported with the project, caution is always advised, especially with the lack of transparency of the project development team, making it difficult to gauge the team's expertise in running these projects and their intentions.

In addition, the "Goblin" Goblinwown contract is not audited.

If analyzed from a conventional perspective, "Goblin" Goblinwown does not seem to be a successful NFT project, but it did not play its cards according to the routine, but thrived in a bear market full of headwinds. While the project does have a large following on Twitter, as of yet there is no Discord channel to create a community around the project. Even more worrying is that its official page shows that it has no roadmap and no practicality (besides the PFP function).

Reference link:

Reference link:

https://dappradar.com/blog/new-dapps-report-goblin-town-defying-tradition-and-the-bear-market

https://nftevening.com/steve-aoki-buys-into-goblintown-will-the-aoki-curse-strike-again/