Art Gobblers: Token Issuance, Goo Economics, and VRGDA Pricing
Summary
Art Gobblers describes an on-chain art ecosystem built around collectible NFTs, artist-created pages, and Goo, an ERC20 token emitted by Gobbler NFTs. Goo production compounds: holdings produce more Goo, while Gobblers’ production capacity determines a holder’s long-run share of supply. Users must choose between retaining Goo and spending it to create Blank Pages or mint additional Gobblers, so individual actions affect both their own resources and prices for others.
To manage expanding token supply, the system uses VRGDA pricing to adjust prices against target issuance schedules. Gobbler issuance begins with a free mint and continues through a ten-year logistic schedule; Blank Pages start at 69 per day before slowing to 10 per day. Legendary Gobblers are acquired by sacrificing ordinary ones through Dutch auctions and produce Goo at twice the combined rate of those sacrificed. These are protocol design descriptions and intended mechanisms, not evidence of realized trading performance or a guarantee that the proposed art ecosystem will sustain demand.
Key ideas
- Goo compounds over time, and Gobbler production capacity influences holders’ long-run shares of total Goo.
- VRGDA raises or lowers prices according to whether sales are ahead of or behind a target issuance schedule.
- Spending Goo on Blank Pages or Gobblers creates tradeoffs between current resources and future production capacity.
- Gobbler and Blank Page issuance follow different schedules, with supply growth slowing over time.
- Legendary Gobblers are funded by sacrificing ordinary Gobblers and increase Goo production relative to the sacrificed set.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.