NFT Market Report | The Art Gobblers Descent Continues

One week after its mint, Art Gobblers is down more than 60 percent from its highs according to Blur.io, the NFT aggregator and marketplace where the bulk of the Art Gobblers trading has taken place.

The floor price reached a high of 20.42 ETH according to our data but at the time of writing the floor price stands at just 4.80 ETH on Blur and 5.49 ETH on OpenSea, respectively. 

Despite the volatility in floor price, more than 30,000 ETH in secondary trading volume has exchanged hands during that time, more than four times KPR the next highest traded NFT collection during the last seven days. 

At this time, only 1,981 Art Gobblers NFTs have officially been minted, leaving room for another 8,000 NFTs to be minted gradually over a long time frame, utilizing the Art Gobblers' unique Dutch auction mint mechanic. 

Since its launch, the collection has turned live its Paint Factory and collectors are earning $GOO, the project's native token. 

But that too has dropped precipitously from an all-time high of $3,591 to $29.52 at the time of writing, according to CoinGecko.