• Metal lovers snap up Gwar’s ‘Scumdog’ and ‘Slave’ NFTs in market frenzy

  • American metal band Gwar, known for decapitating celebrities on stage and drenching audiences in fake blood, is extending its clutches to the NFT market.

    The band sold three sets of non-fakeable tokens on Monday on Fanaply, a platform that claims to be eco-friendly, an ironic choice for artists whose albums include “This Toilet Earth” and “We Kill Everything.”

    Perhaps reflecting the frenetic state of the NFT market, the first two collections – 10 “Legion of Scum” for $250 each and 50 “Slaves of Gwar” for $40 – sold out in a matter of hours. The cheapest set, Bohabs 4 Lyfe (named after the nickname of a die-hard Gwar fan), retails for $20 with 250 tokens released.

    While these prices sound cheap, metalheads will have to pay a little more to own these digital collectibles, considering the artwork has sold for tens of millions of dollars in NFTs. That’s because these tokens are issued on Ethereum, the second largest blockchain, where high transaction volumes have pushed up the price of “gas,” the cost of performing the calculations. (Disclosure: I know this because I purchased a Bohab on Monday and discovered that transferring it to the MetaMask wallet would cost $125, six times as much as the token itself).

    From a larger perspective, Gwar is one of many music artists experimenting with NFTs to make some extra money and, if all goes well, promote a sense of community and ownership among their fans. Various acts from pop star Katy Perry to the Rapids (Megadeth) have issued these tokens, which resemble autographed posters or guitar plucks thrown into the crowd. While anyone can download or view a copy of the digital image, the “special” version is controlled by the person holding the NFT in their cryptocurrency wallet.

    The Gwar band, which has been performing its cartoonishly bloody stage shows since the 1980s, seems a little bewildered by the whole thing, frontman Berserker Blóthar said in a statement.” Our manager, Sleazy P. Martini, told me that with these NFTs, our fans will get some cool, original, never-before-seen GWAR art and they can have a small part of the GWAR universe. He also told me that if we sell enough of them, I can buy a lot of curly fries.”

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