In an October 6 blog post, the Goblintown NFT team confirmed that its much‑anticipated non‑fungible token strategy “GobStrategy” has successfully gone live. Launched sometime in 2021, Goblintown is a unique and unconventional non‑fungible token project consisting of a limited edition of 10,000 generative goblin avatars built on the Ethereum blockchain network. In the NFT space, this NFT project is renowned for its deliberate lack of typical NFT project elements like a roadmap, Discord server, or even a creator identity.
Rest in piss, gobs. Flywheel is actually just a furnace.
— Josh Ong (@beijingdou) October 6, 2025
The Goblintown NFT project was launched with no hype or marketing, yet it quickly gained popularity, even during the NFT market downturn. Truth Arts is the brainchild behind the Goblintown NFT collection and Illuminati, its sister non‑fungible token collection featuring a limited set of 8,128 NFTs hosted on the Ethereum blockchain network. Illuminati was the very first NFT project to provide a successful mechanism for Unlimited NFT Farming and Token Auto‑Staking.
The Goblintown NFT creator has partnered with TokenWorks, the blockchain company behind “NFT strategy,” to launch its GobStrategy. TokenWorks’ NFTStrategy is an automated trading protocol that links a specific cryptocurrency token to a well‑known NFT collection. It aims to generate a “perpetual motion” or “flywheel” effect by using trading fees to buy and resell NFTs from the corresponding collection. The profits from the resales are then used to buy and burn the project’s native tokens, reducing supply and creating upward pressure on the token’s price.
How Does GobStrategy Operate?
TokenWorks launched its NFT strategy mechanism last month, with leading NFT projects like CryptoPunks, Bored Ape Yacht Club, Pudgy Penguins, and Moonbirds. In the same way, the GobStrategy operates by using a 10% transaction fee from its native $GOBSTR token to buy Goblintown NFTs at their floor price, then relisting them for a higher price. The profits from these sales are used to buy and burn $GOBSTR tokens, creating a “flywheel” that supports the Goblintown floor price and potentially increases the value of the $GOBSTR token.
The Goblintown NFT team has gone deeper in this trading strategy and allocated the entire 1% Goblintown team allocation to buy and burn NFT Strategies goblins listed for 1.2x. “Instead of just accumulating, we’re BURNING the Goblintown NFTs, making the entire collection immediately deflationary. Let’s be honest, there are way too many goblins… and some of them are really ugly,” the NFT team explained.
On top of that, the Goblintown NFT team has added that each goblin NFT collection carrying 500,000 $gob tokens allocated over the next two years, will also be burned entirely alongside other $gob tokens. The Goblintown NFT team is leveraging the new NFT strategy to make the Goblintown NFT collection and $gobs token deflationary. In response to this great innovation, Goblintown has jumped +1,700% in daily trading sales volume. At the time of publishing, it has a daily trading sales volume of 776 ETH.
Related NFT News:
- •
- •
- •