Despite the current bear market, Justin Roiland and Paradigm’s much-anticipated free-to-mint NFT collection, Art Gobblers, released successfully and drew rapid public acceptance.

On October 31, the Art Gobblers NFT collection quickly rose to over $20,000 on the digital assets marketplace OpenSea. The new NFT collection has generated more than $11 million in trade volume since its debut.

What are Art Gobblers NFTs?

In collaboration with the cryptocurrency investment business Paradigm, Justin Roiland, an American animator and co-creator of the Rick and Morty series, launched the NFT project Art Gobblers. There is a set edition of 10,000 NFTs in the NFT collection.

On November 1, the NFT project published the first 1,700 NFTs, and in the next weeks, it will release another batch of 300 NFTs. The project’s distinctive minting technology will also be used to launch additional 8,000 NFTs over the course of ten years.

Since Art Gobblers were a free-to-mint NFT collection, the only cost to obtain these NFTs was the gas tax. After months of incubation, the Art Gobblers team announced the introduction of their NFTs in September.

Art Gobblers Surge Above $20K In Minutes

With considerable anticipation and enthusiasm, the Art Gobblers NFT collection debuted on October 31 at 20:20 UTC, quickly soaring beyond $20,000 in a matter of minutes. Surprisingly, in only two hours after its debut, the NFT collection has generated a trading volume of $10 million.

The least expensive Art Gobblers were selling for 12.5 ETH ($19,575) on OpenSea at the time of publication, while some items even traded for as high as 15 ETH immediately after the introduction. The NFT collection has already generated over 7,200 ETH in trade activity, according to Blur NFT marketplace.

This week, there have been stories about avril15 and Silk Genesis Avatars, two viral NFT collections.

Thanks to Dominic Kimani at Business 2 Community whose reporting provided the original basis for this story.

Caroline Shaw is a blogger and social media manager. She enjoys blogging about current events, lifehacks, and her experiences as a millennial working in New York.