NFT

Take a look at these NFT projects that are gaining popularity with such weird names

Ever since NFT collectors have gone crazy goblintown—The perception of the market has changed of urine-crazy golem creatures in profile picture avatars. In the last few weeks, NFT The space has become dystopian and gloomy, and producers are doubling down on dark memes and toilet humor in an apparent attempt to combat the bear market.

A barrage of collections focused on goblins, fecal matter, death, and loneliness has rattled OpenSea’s top collections ranking, which accounts for 45% of the top 20 traded collections in the past week. Some traders are repeatedly listening to Kanye West’s Pablo album in the Twitter space to deal with the downturn in the market. And of course, now there are NFTs—unique blockchain tokens that indicate ownership—whose holders are dedicated to it. But Goblintown and WAGDIE aren’t the only nihilistic NFT collections seeing volume. Other top collections with free mints that traded over the past week include ShitBeast, ill poop it nft, mcgoblin.wtf, Goblin Grlz, Leave Me Alone NFT, troll-town.wtf, Begin as Nothing, and ShitPlunger, to name a few. Many other NFT projects are gaining popularity with weird names such as CryptoDickbutts, Nihilism, and Poop.

CryptoDickbutts was born in 2021, and it quickly cemented its place in NFT history and culture. At this point, it’s an essential project that every self-proclaimed NFT aficionado must be familiar with to be taken seriously. Need proof? CryptoDickbutts has a dedicated space in Punk6529’s Open Metaverse, more than 1700 unique holders, and a total volume of over 7k ETH on OpenSea. The NFTs regularly sell for thousands of dollars, and during the 2022 NFT market collapse, it was one of the few projects that kept the same floor price.

“I wouldn’t be surprised if many, four or five” are run by the same people,” the concierge physician said of the onslaught of slugs and ghost-themed NFT projects. When it comes to themes and emotions in these communities, their names say everything—nihilism and physical excretion are in trend. “Your NFT is just one piece of 10,000 piles of dirt on your “blue chip” NFT or whatever JPG you are holding is NGM,” “ill poop it nftWhose assets currently have a floor price of over 1.1 ETH (US$1,980) for a “poop” JPEG, reads the description of the archive.

While some NFT fans may be seeking “copium” through poop-themed NFTs, the outlook isn’t all bleak. A report earlier this week from crypto analytics site DappRadar suggests that the NFT market is more resilient than the broader crypto market and could decouple from it as the NFT space matures.

And while OpenSea’s monthly volume declined from roughly US$3.5 billion in April to $2.6 billion in May, according to data from Dune Analytics, those numbers are still comparable to what OpenSea generated back in November 2021, when bullish sentiment dominated the space.