Goblins, Nihilism and Poop: Here’s What’s Going On With Ethereum NFTs

[Jaya60]

The NFT market has gone from “we’re all gonna make it” to “we’re all gonna die.”

Ever since NFT collectors went crazy over Goblintown—profile picture avatars of urine-obsessed golem creatures—market sentiment has changed. Over the past few weeks, the NFT space has become dystopian and depressed, and creators are doubling down on dark memes and toilet humor in an apparent attempt to cope with the bear market. A barrage of collections focused on goblins, fecal matter, death, and loneliness have swarmed the OpenSea top collections rankings, making up 45% of the top 20 traded collections in the past week. Some traders are listening to Kanye West’s Pablo album on repeat in Twitter Spaces to cope with the market downturn. And yes, there are now NFTs—unique blockchain tokens that signify ownership—whose holders are dedicated to this.more