There are numerous mechanics involved in the Art Gobblers ecosystem. All of which work together to create a self-sustaining art factory. Let's break down each aspect of the system.
Goo is an ERC20 token produced by Art Gobblers NFTs. It’s required to create new Blank Pages and also determines the type of art which enters the Gobbler’s ecosystem. Moreover, Goo can be used to create new Gobblers. Hence, there are numerous strategies players can use to gain an advantage.
The more Goo a Gobbler possesses, the quicker it generates Goo. Hence, the total Goo supply will increase more rapidly every day.
You can learn more about how Goo is distributed and the total supply via Art Gobbler’s Green Paper.
Producing art Pages is the main point of Art Gobblers. To glaminate your artwork onto a Page, you first need a Blank Page NFT which can be produced using Goo.
The number of Pages that can be produced is limited by the project’s VRGDA mechanism.
Art that is glaminated onto a Page instantly benefits from both the cultural relevance of Art Gobblers along with attention from the Art Gobblers’ community.
Gobblers are fully animated ERC721 NFTs that act as the backbone of the project. In addition to producing Goo, Gobblers gobble art. Once you feed a Gobbler a Page of art, the ownership of the Page transfers on-chain to the Art Gobblers contract, which then specifies the precise Gobbler to which the art now belongs.
Once gobbled, the Page is permanently displayed in that Gobbler’s belly gallery and can be viewed through the Art Gobblers app. That said, if you transfer or sell your Gobbler NFT all of the gobbled art Pages are transferred with it.
As a result, Gobbler holders can curate their Gobbler’s belly gallery however they please. This means some Gobblers may be valued higher than others depending on the type of art a collector chooses to gobble.
Legendary Gobblers are the rarest of all Gobblers. With only ten in existence, they will appear at predestined times over the next ten years. To get your hands on a Legendary Gobbler you have to burn an insane number of normal Gobblers. This encourages the Gobbler community to work together to afford a Legendary Gobbler.
The first Legendary Gobbler can be obtained for 69 Gobblers. The price of Legendary Gobblers continues to decline using a standard Dutch Autction mechanism until its purchased.
Each Legendary Gobbler thereafter will be priced in ordinary Gobbler and will be equal to twice what the last Legendary Gobbler sold for. For example, if the first Legendary Gobbler sold for 60 Gobblers, then the second Legendary Gobbler will have a beginning auction price of 120 Gobblers.
The next Legendary Gobbler appears each time an additional 10% of the total supply of Gobblers is issued by the VRGDA mechanism. Furthermore, each Legendary Auction is scheduled to end before the next Legendary Gobbler appears.
Since many Gobblers will be burned to obtain their Legendary counterparts, Legendary Gobblers produce Goo at twice the rate of the combined Gobblers that were burned to obtain it.