It's bad. In a good way!
The fact that anyone who asks if they can volunteer is immediately added to the list without checking to see if they are any good as an artist is a little concerning. People are trusting them with this, so they should be people that can be expected to deliver. One of them as a notably small list of works under their name. I hope some organisation is done to prevent them from agreeing to do 10 OCs and then ot doing so, preventing the people who made requests from being part of this.
On the other end, I hope that the artists are keeping in touch with the others to make sure no-one else is trying to get all of them to draw their one character. You guys are in a good position to be taken advantage of, so be alert.
Excited to be part of this again, I still sometimes look back and realise I recognise an OC I didn’t before. Kinda weird to know I was part of a collab with someone before I was their friend. But this collab is good at that, bringing people together, making those chance encounters.