Goblintown is one of the more intricate memes we’ve seen as a result of the recent market crisis.

This shamelessly irreverent NFT experiment saw all 10,000 of its freely minted pieces enter the NFT market in a matter of days, commanding floor prices of over 2 ETH at the time of writing. Apart from these key details, little is known about the project at this time. That said, here’s a rundown of what we know about the Goblintown NFT project, as well as what you need to know.

So far, Goblintown’s website URL (which ends in.wtf) appears to encapsulate exactly what it’s called after – a slang term for bear markets. With many members of the community recently expressing “wtf,” this effort might easily be interpreted as a lengthy commentary on the present condition of NFTs.

Despite ongoing discussions over the usefulness of NFT initiatives, Goblintown’s anonymous founders have been forthright about the project’s origins. The project’s four most significant items of information are written in bold characters on its website: “There is no road chart.” There will be no discord. There is no use for it. CC0.“

Some experts say this vulgar enterprise has huge potential because of its rapidly rising floor costs, the license agreements behind each goblin, and its strong community support. We could be witnessing the birth of the next big NFT initiative right in front of our eyes.

Whodunit?

Observers have noticed that, despite the project’s egregiously vulgar portrayal, the overall quality is really excellent. Some speculate that Mike Judge, the creator of Beavis and Butthead, was involved in the creation of Goblintown.

Although Judge has expressed an interest in NFTs in the past, as evidenced by his brief forays into the field, this allegation is purely speculative. Regardless, Goblintown and Judge’s past work share several parallels, such as the overall design of Goblintown, its reliance on potty humor, and how its authors imagined its goblins to sound.

Guests were treated to nearly three hours of numerous speakers entering the stage to make — for lack of a better phrase — goblin noises at a weird Twitter Space held soon after midnight EDT on May 26. Some regarded this as more indication of Judge’s participation, comparing the goblin noises to one of Beavis and Butthead’s most recognisable recurring segments.