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Prominent Ethereum-based NFT collection, <\/span>Doodles<\/a>, recently caused tension among collectors and observers in by declaring itself a \u201cnot an NFT project.\u201d The move, announced by co-founder Jordan \u201cpoopie<\/a>\u201d Castro on the project\u2019s Discord server, has been viewed as both ambitious and a rejection of Web3 principles.<\/span><\/p>\n hey web3, here are my comments on the feedback<\/p>\n “doodles isn’t an NFT project”<\/p>\n this is true. but what\u2019s also true is i’ve dedicated my career to the blockchain. i’ll never abandon the pursuit of delivering the promises of this tech to the world. doodles started as an NFT\u2026 https:\/\/t.co\/Eq9fZN3sx4<\/a><\/p>\n \u2014 poopie \ud83d\uddfa (@poopie) March 16, 2023<\/a><\/p>\n<\/blockquote>\n \u201cWe\u2019re trying to go from a startup to a leading media franchise. We are no longer an NFT project,\u201d<\/em> Castro wrote. \u201cThe more time\/money\/resources we invest in following the latest \u2018build in public\u2019 trends that fuel speculation, the less we have to achieve our long-term vision.\u201d<\/em><\/span><\/p>\n Castro defended the team\u2019s approach to building new features and products away from the spotlight, stating that they are no longer just an NFT project but aim to become a leading media franchise. This approach has caused a mixed response across social media, with some applauding the project\u2019s ambitious goals and others viewing it as a sign of it rejecting the scene that helped it find prominence in the first place.<\/span><\/p>\n \u201cWe are not going to spend any resources appeasing those with financial motivations. We never have and never will,\u201d<\/em> he continued. \u201cIf we are going to focus energy on any [group] of people, it will absolutely be our most loyal collectors.\u201d<\/em><\/span><\/p>\n While Doodles has been one of the most successful NFT projects in the NFT space, with prices skyrocketing in recent months, it has faced criticism for lacking communication from its founders and hosting an NFT NYC party last year viewed as a corporate presentation. The project\u2019s floor price has fallen by 13% in the last 24 hours, down to around $5,850 (3.53 ETH), according to NFT Price Floor data.<\/span><\/p>\n Castro\u2019s comments were made in response to criticism from some holders who believe the team needs to focus more on building new features and products for the NFTs. He doubled down on the comments in a subsequent tweet, assuring the community that NFTs will remain the \u201cconnective tissue\u201d across plans.\u00a0<\/span><\/p>\n As the NFT market evolves, it will be interesting to see how other projects<\/a> follow suit and rebrand themselves as media franchises or other types of businesses. Doodles\u2019 move indicates an attempt to establish itself as a significant player in the Web3 space and move away from being perceived solely as an NFT project. However, it remains to be seen how this will affect the project\u2019s long-term goals and relationship with its collectors.<\/span><\/p>\n Want more? Connect with NFT Plazas<\/b><\/p>\n Join the Weekly Newsletter *All investment\/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.<\/em><\/small><\/p>\n NFT and Web3 Ambassador. Bullish on all things Blockchain.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n
Doodles Under Criticism From Some Webs Enthusiasts<\/strong><\/h4>\n
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