Categories: Nft

Doopies Collection Rumours Raise Concerns Over Doodles’ Brand


The Doodles community is abuzz over the possibility of a new NFT collection, the Doopies, which has yet to be officially confirmed by the team.

Despite this, a screenshot from the official Doodles App have begun circulating, drawing attention to a potential expansion of the Doodleverse. The characters, which are described as quirky and eccentric, have sparked both excitement and concerns.

In addition to this speculation, the launch of the DOOD token on May 9, has also raised questions about the direction of the project. Whilst the token is part of an effort to expand the Doodles ecosystem, its initial performance has been underwhelming.

Source: Doodles

What was the community reaction?

Originally shared by Ape Ventures founder Xeer on X, the reaction within the Doodles community has been mixed, with a noticeable shift toward scepticism and concern. Whilst some fans are excited by the prospect of new characters, many are concerned about the impact on the value of existing Doodles NFTs. Some users feel that releasing another collection could lead to brand dilution, making it harder for the project to maintain its prestige in the long term.

A recurring theme in the responses has been the fear of “max extraction”—the idea that Doodles is focused on generating revenue rather than prioritising the interests of its community. Some community members have also questioned whether Doodles is attempting to attract buyers from other established NFT communities, such as Azuki or Bored Ape.

Whilst the Doopies collection remains speculative, this has added fuel to concerns about the project’s direction.

Source: CoinGecko

What’s next for Doodles?

Whilst the Doopies collection has not been officially confirmed, its speculation has already brought the project under scrutiny.

The recent launch of the DOOD token currently trading at $0.007—a 20% decrease from its initial price according to data from CoinGecko—has also added another layer of complexity.

Although the token’s initial performance has been underwhelming, it remains a key part of Doodles’ future plans, and its role in the ecosystem will unfold as the project continues to evolve.



Source link

Phil Roberts

Share
Published by
Phil Roberts

Recent Posts

American Bitcoin, Led by Eric Trump, Raises $220 Million to Boost BTC Holdings

American Bitcoin, backed by Eric Trump, raises $220 million to expand its Bitcoin mining operations…

14 minutes ago

OpenAI condemns Robinhood’s ‘OpenAI tokens’

OpenAI wants to make clear that Robinhood’s sale of “OpenAI tokens” will not give everyday…

34 minutes ago

Blackrock Bitcoin ETF Titan Dethrones Its $624B S&P 500 Fund in Fee Revenue

Blackrock’s Bitcoin ETF is now out-earning its flagship S&P 500 fund, marking a pivotal moment…

38 minutes ago

Popular Design Company Applies For IPO, Filing Shows $70M in BTC ETF Holdings

Apart from the substantial inventory in the leading cryptocurrency, the document also shows that the…

1 hour ago

No time to call grandma? An AI companion can ring her up.

Vassili Le Moigne wanted to make sure his mom was OK. Having long ago moved…

2 hours ago

Under $0.002 token eyes flip of ADA, Tron & DOGE soon

Disclosure: This article does not represent investment advice. The content and materials featured on this…

2 hours ago