CoinEx Institution｜Behind the “Shit, Piss, and Ass” NFTs

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In his novel Anna Karenina, the celebrated Russian novelist Leo Tolstoy wrote “happy families are all alike; each unhappy family is unhappy in its own way.” Indeed, things that are right and reasonable have many in common, while those wrong and misguided are vastly different. Though all roads lead to Rome, in most cases in the real world, there is only one right path, with countless lanes extending in all different directions.

There is a similar trend in the field of NFTs: Unable to stand out from the many exquisite lookalikes, instead of following conventional aesthetics, some NFT projects decide to strive for “ugliness”. The creation of consensus underlies all NFTs. It is difficult to cater for all tastes of aesthetics, so users can hardly agree on the aesthetics of an NFT. However, it is much easier for people to agree that an NFT is ugly. To quote a crypto big shot: “A consensus reached among any group of users is nonetheless a consensus, and you’d still have a consensus even if it is about ugliness”. In an industry governed by consensus, even an ugly NFT has its appeal. Today, we will cover some of the “ugly” NFTs that are trending over the recent period.

Recently Goblintown has become one of the top ugly NFTs, and its bizarre art styles and engaging settings have started a craze. Meanwhile, the unit price of Goblintown NFTs surged from 0 to the peak floor price of 10 ETH. As of June 8, 2022, the floor price of Goblintown stands at 5.49 ETH.

In a market that everyone believes to be bearish, Goblintown has soared despite unfavorable market conditions. As the ETH price continues to fall, this NFT project still managed