The latest web3 controversy is here – the Art Gobblers Mint. A brainchild of Rick & Morty co-creator Justin Roiland and web3 firm Paradigm, the project amassed over $15 million within minutes of the free mint. Although, this was only part of why many web3 eyes were on the project. Find out all the fuss about Art Gobblers below!
What’s All The Fuss Around The Art Gobblers Mint?
It all started when a few influencers posted a ‘copy pasta’ about Art Gobblers and denied it was a planned marketing scheme. The community became suspicious immediately. People started calling out that the project founders reserved it for influencers and that ordinary NFT people knew nothing about it. The rollercoaster of events had people accusing these influencers of market manipulation. Justin Roiland’s earlier NFT project is now selling way below mint price.
Just a few minutes after the official free mint for Art Gobblers NFTs started, an image started circulating showing the allowlist members. Most of the members in this list were top NFT influencers who gained free access to this unique NFT. This led to speculations of insider trading, and calls for this “influencer-wins-all” strategy came into question. Twitter user @Pons_ETH pointed out the image below, stating that many people think the NFT game is rigged. Due to these factors, adoption may stall, and people quit the space.
The image shows many top NFT collectors and influencers minting the Art Gobblers NFTs basically free of charge. Farokh, Zeneca, and crypto-comedian Kmoney all had free mints and allowlist spots. Kmoney flipped his NFT for 15 ETH right after the mint, and this image has been the center of the whole controversy. Some stated that influencer marketing has always been an option and applied to NFT projects. Other arguments siding with the project also noted that the move was a fair, thoughtful, and just strategy in a bear market for a unique project.
However, the resulting controversy has excused itself as the new normal, according to some. That some of the biggest names in NFTs should be on an allowlist does not, and must not, come as a surprise. It all boils down to the marketing vs. culture debate; in a space where no rigid rules define NFT minting. Across both sides of the argument, a clear conversation emerges regarding the “strategy” applied to this mint.
The Bottom Line
The crypto world is writing its history, but taking action with unwritten rules. It seems that the NFT ecosystem has found itself a prisoner of its own moment. This strategy may be good on some and bad on others, but zooming out, if this same strategy gets applied across the board, there could be heavy leverage owned by a select few. This also brings out the age-old web2 vs web3 argument. Still, the mint wasn’t all gloom and doom; check out Loopify’s thread about the positives from the Art Gobblers mint.
The wave of misinformation around art gobblers mint is affecting not only the team building it but also the reputation of minters.
👉 here is a few dozen images of people who had their life changed by being picked for WL
debts paid, supporting parents, financial stability, etc. pic.twitter.com/DzvLevB9ny
— Loopify 🧙♂️ (@Loopifyyy) November 1, 2022
We can only hope for moments and mints like these to teach us new ways to do things. The NFT space cannot continue to be a revolving door of mints heavily influenced by either web2 or web3 brands. Although, in the age of the community, it is challenging to know or decide what or who influences the next big project.
For example, top NFT collector Andrew (@andr3w), alongside Justin Roiland, created an official Art Gobblers account. Balthazar Crumps, a fictional 13-year-old character, is someone who “likes to draw and paint.” At this point, the characters’ main job was to draw and explore the ethos of the Art Gobbler universe. At no point was Balthazar doxxed or even promised an allowlist spot. The whole point of the character was to let go and draw.
In a character reveal tweet storm, he explains, “I’m empathetic to the people who think there was foul play involved, and I think it’s okay to be skeptical of anyone with influence in the space, no matter how they got that influence, and yes, that includes me! I also hope everyone is also open to the facts…”