Art Gobblers is an experimental decentralized NFT art creation platform by Justin Roiland and Paradigm. Gradual Ownership Optimization ($GOO) will be an NFT-oriented project and also an ERC-20 token issued by Art Gobblers on Ethereum. When NFT projects have a fungible token, the communities holding the NFT and the token tend to diverge over time and, therefore, $GOO is introduced to disincentivize this divergence.
Under the Gradual Ownership Optimization mechanism, Gobbler NFTs produce $GOO token. The more $GOO a Gobbler has, the faster it generates more $GOO. This means the total $GOO supply will increase exponentially, thereby creating an inflationary economy. Hoarding $GOO tokens without owning any Gobbler NFTs is a very bad strategy, as NFT holders will be generating $GOO and your share of the total $GOO supply will rapidly dwindle. On the other hand, if you own many Gobblers but little $GOO, your $GOO production will lag compared to other players.
Gradual Ownership Optimization was designed for Art Gobblers, but the project team believes it is applicable to a wide variety of NFT projects and on-chain games that issue a fungible token and expect users to hold both the NFT and the token roughly in proportion.
Art Gobblers is a decentralized art factory owned by aliens. As artists make cool art, Gobblers gains cultural relevance, making collectors want the art more, incentivizing artists to make cooler art. It's also an on-chain game.
Art Gobblers are called Art Gobblers because they gobble art. In particular, they eat art that artists draw using our draw tool and turn into 1/1 NFTs using in-game resources. All the artworks a Gobbler eats belong to it on-chain and are displayed in its belly gallery forever.
There are only 10,000 Art Gobbler NFTs, including Legendary Gobblers,
For more in formation about Art Gobblers, please check https://www.paradigm.xyz/2022/09/artgobblers
