Doodles is one of the most successful NFT projects in recent times. The project, ranked 9th on Coin Market Cap, has achieved immense popularity among collectors, attracting millions of dollars in sales. However, recent comments by one of its co-founders, Jordan Castro, have sparked controversy and created confusion among the community.
Castro has distanced the project from NFTs, stating that it is no longer an “NFT project,” but instead, the focus is on becoming a leading media franchise. According to Castro, investing in the latest “build in public” trends that fuel speculation detracts from the project’s long-term vision. Castro has reinforced this message in his official Twitter channel, stating that Doodles is evolving beyond “vicious speculative cycles.”
While some collectors have supported the move away from NFTs, others have criticized it, saying that it is disingenuous to talk about financial motivations. The reaction to Castro’s comments reflects a community simmering with uncertainty, which is understandable given that the Doodles NFT collection floor price has plummeted downwards in the last 30 days.
The drop in value of Doodles NFT collection may be causing underlying tension in the community. The tension is understandable since one of the most successful NFT projects of all time is moving away from NFTs. Therefore, the community is processing that pivot with mixed emotions.
Despite the mixed reactions, there are still positive voices in the community, with some collectors agreeing with Castro’s statement. They believe that the focus should be on building Doodles brand and that there is still a lot of work ahead of them. These collectors are of the opinion that the rest is just noise, and they would focus on that.
In conclusion, the comments from Doodles co-founder, Jordan Castro, have sparked a mixed reaction from collectors, creating uncertainty in the community. While some are supportive of the project’s move away from NFTs, others have criticized it, and tensions are running high. However, there are still positive voices in the community, who are focused on building the Doodles brand and pushing it towards becoming a leading media franchise.