Truth Labs to Launch Marketplace for Goblins, IlluminatiNFT, and Others

Truth Labs to Launch Marketplace for Goblins, IlluminatiNFT, and Others

Alexander Taub, co-founder of Truth Labs, announced that the platform is building out its own marketplace in the "next few weeks." The marketplace is set to feature goblins, IlluminatiNFTs, The 187 collection, grumps, burgers, and all NFT passes.

"Building out a universe of characters, it makes sense for us to own the marketplace experience," Taub wrote on Twitter. "We believe this is the future for NFT projects with an ecosystem."

The original goblintown.wtf collection took a 7.5 percent creator royalty fee, in addition to the 2.5 percent OpenSea secondary marketplace royalty fee. The new marketplace will cut this fee in half to 5 percent for both the team and the marketplace. 

Due to recent controversies over OpenSea's flagging system for stolen NFTs, Truth Labs has decided to make it difficult to flag stolen NFTs.

"To be marked stolen, you will need to file a police report before it will be marked suspicious," Taub explains. "We check back in 14 days from getting that report to see if it is still active or closed. If inactive, we remove the flag. If it is closed and it is a case of theft, then we keep the flag."

Truth Labs is working with Snag Solutions, a white-label NFT marketplace, to build this endeavor. 

Goblintown has seen four sales since the announcement and has a floor price of 1.73 ETH.

More about goblintown.wtf

Goblintown.wtf is a collection of 10,000 goblin NFTs living on the Ethereum blockchain. The project has no roadmap, no utility, nor any Discord planned for holders or the public. Goblintown.wtf is a CC0 project, which means that anyone has free rights to utilize the Goblintown.wtf artwork however they please. The project was revealed to have been created by Truth Labs, the team behind the NFT project, IlluminatiNFT.

At the time of publish, the goblintown.wtf floor price sits at 0.75 ETH, and has risen 5.33 percent over the past 24 hours on 30 ETH volume of transactions. Over that same timeframe, 1 sharp wallets have sold 3 NFTs and no sharp wallets have bought NFTS in the the goblintown.wtf collection. Catch up on other recent goblintown.wtf news here.

Recent goblintown.wtf Sales

#9487sold at 12/03 5:12pm for
0.827
#1368sold at 12/03 4:12pm for
0.740
#3762sold at 12/03 4:12pm for
0.740
#7942sold at 12/03 3:12pm for
0.990
#1368sold at 12/03 2:12pm for
0.691

Recent goblintown.wtf Listings

#155listed at 12/03 6:12pm for
1.91
#5709listed at 12/03 6:12pm for
2.23
#6081listed at 12/03 6:12pm for
1.81
#3122listed at 12/03 6:12pm for
1.19
#7711listed at 12/03 6:12pm for
0.830
Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice.
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