Featured Ethereum-based NFT Collection, scrawl, recently caused tension among collectors and observers by declaring itself “not an NFT project”. The move, announced by co-founder Jordan “poopCastro on the project’s Discord server, has been seen as ambitious and as a rejection of Web3 principles.
hello web3, here are my comments on the feedback
“doodles is not an NFT project”
this is true. but what is also true is that I have dedicated my career to the blockchain. I will never give up the quest to fulfill the promises of this technology to the world. The doodles started as an NFT… https://t.co/Eq9fZN3sx4
– poopie 🗺 (@poopie) March 16, 2023
“We are trying to go from being a startup to a leading media franchise. We are no longer an NFT project.” Castro wrote. “The more time/money/resources we invest in following the latest ‘build in public’ trends that fuel speculation, the less we have to achieve our long-term vision.”
Castro defended the team’s approach to creating new features and products outside of the spotlight, stating that they are no longer just an NFT project, but aspire to become a leading media franchise. This approach has caused a mixed response on social media, with some applauding the project’s ambitious goals and others seeing it as a sign that he’s rejecting the scene that helped him gain prominence in the first place.
“We are not going to spend any resources appeasing those with financial motivations. We never have and we never will.” he continued. “If we are going to focus energy on any [group] of people, they will absolutely be our most loyal collectors.”
Doodles under criticism from some web enthusiasts
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 a lack of communication from its founders and for hosting an NFT party in New York. York last year, seen as a corporate presentation. The minimum price of the project has fallen by 13% in the last 24 hours, to around $5,850 (3.53 ETH), according to data from NFT Price Floor.
Castro’s comments were made in response to criticism from some owners who believe the team should focus more on creating new features and products for NFTs. He doubled down on the comments in a subsequent tweet, assuring the community that NFTs will continue to be the “connective tissue” in all plans.
As the NFT market evolves, it will be interesting to see how other projects follow suit and revamp themselves as media franchises or other types of businesses. Doodles’ move signals an attempt to establish itself as a major player in the Web3 space and stop being perceived solely as an NFT project. However, it remains to be seen how this will affect the long-term goals of the project and the relationship with its collectors.
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*All investment/financial opinions expressed by NFT Plazas come from the personal research and experience of our site moderators and are intended for educational purposes only. People are required to fully research any product before making any type of investment.
NFT and Web3 Ambassador. Bullish on everything related to Blockchain.
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