This is a segment from The Drop newsletter. To read full editions, subscribe.
As most of you probably know by now, Doodles — the rainbow-barfing Ethereum NFT collection of 10,000 PFPs of the 2021 NFT boom — is launching a token on Solana.
Response so far has been pretty mixed. A lot of Crypto Twitter loves a token, especially one from an established brand, but there’s also been some criticism. First, there’s the token allocation. As one poster has pointed out, the Doodles team may receive up to 57% of the DOOD tokens, once you combine the parts of the pie that goes to the team plus the other pieces that could go to the team. That doesn’t look too cute, considering how tokens are often marketed as a way to “give back to the community.”
And then there’s the issue of timing. Is launching a token now, on a different chain than the NFT collection, too little, too late? Will DOOD serve any functional purpose, besides offering exit liquidity, a memecoin, and a way to get a bit more attention?
The market has been rough out there for art- and gaming-related tokens lately. PENGU, the Pudgy Penguins’ token, is still down 67% in the past month. PIXELS, the token behind the Ronin-based game of the same name, is also still down 50% in the past month. Apecoin, the once-hyped token behind the Yuga Labs world, remains down 50% in the past year.

The Doodles team has tried other brand plays to generate interest in its IP, from striking a deal with rapper-producer Pharrell to join as their chief brand officer in 2023 to partnering with McDonald’s to release cups in November. Despite those high-profile deals, however, Doodles NFTs haven’t soared above the rest.
The DOOD announcement hasn’t really rejuvenated excitement around the NFT collection either, when we look at sales and volume traded. In the past week, Doodles sales volume is down 32%, according to CryptoSlam data.
Launching a token seems to be the latest way for crypto projects to monetize their IP. While I do think the Doodles’ art and aesthetic is cool in a minimalist way, I’m not sure their token will have a different fate than so many of the others currently out there. Time and time again, we’ve seen an initial pump and then a selloff, followed by flatlining or slowly declining price action.
how can i get generic clomiphene pill can you get clomiphene prices how to get clomiphene without dr prescription can i get generic clomid prices can i purchase clomiphene pills cost of cheap clomiphene online how to get generic clomid price
I am in point of fact delighted to glitter at this blog posts which consists of tons of useful facts, thanks representing providing such data.
Greetings! Very useful advice within this article! It’s the crumb changes which choice espy the largest changes. Thanks a lot quest of sharing!
purchase azithromycin for sale – buy tinidazole 500mg sale buy metronidazole generic
semaglutide 14 mg cost – purchase periactin online cyproheptadine generic
motilium 10mg cheap – buy domperidone 10mg for sale buy cyclobenzaprine for sale
order azithromycin 500mg – nebivolol 20mg ca nebivolol price
augmentin ca – atbioinfo order ampicillin generic
cost nexium – anexamate.com nexium online buy
coumadin brand – https://coumamide.com/ buy cozaar 50mg online cheap
cheap mobic – mobo sin mobic for sale online
deltasone price – https://apreplson.com/ buy prednisone cheap
best otc ed pills – buy erectile dysfunction medicine buy erectile dysfunction medications
where to buy amoxil without a prescription – https://combamoxi.com/ amoxil uk