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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