NFT
Castro emphasized that no resources would be allocated to appease those with financial motives. Instead, Doodles will focus its efforts on its most loyal collectors. “We’re trying to go from a startup to a leading media franchise. We are no longer an ‘NFT project,’” he stated.
Castro’s announcement signals a shift in focus for the Doodles project, as it aims to become a leading media franchise company rather than just an NFT project. While the NFT space has experienced a surge in popularity over the past year, there have been growing concerns about speculative bubbles and short-term profit motives.
As such, Doodles’ decision to prioritize its long-term vision and loyal collectors over speculative interests is a positive development for the NFT industry. It also suggests that more NFT projects may shift their focus towards building long-term sustainable businesses and media franchises rather than just capitalizing on the latest market trends.
In conclusion, Doodles’ transition from an NFT project to a leading media franchise company highlights the growing importance of building sustainable and long-term businesses in the NFT industry. While this approach may not yield immediate returns, it will likely lead to more stable growth and a stronger foundation for the future of the NFT space.
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