Doodles is no longer an NFT project

The NFT project Doodles is pivoting from being an NFT project to becoming a leading media franchise. According to one of the co-founders, Jordan Castro, the project aims to move away from financial investors and focus on its most loyal collectors. So, its all that Doodles is no longer an NFT project, Playboy reveals NFT earnings and many more.

However, the focus shift was criticized by some Twitter users who pointed to the project’s lack of communication and recent NFT sock drop.

Nevertheless, some supported the move; therefore, Doodles is no longer an NFT project. NFT startup founder Daniel Tenner stated that it was better to eliminate the term’ NFT project’’.

 Playboy NFT venture reduces its crypto earnings

NFT corporation Yuga Labs has again made millions on a new NFT collection. It was minted in the next step of its Dookey Dash web game.

Meanwhile, PLBY Group, the parent company of Playboy, disclosed significant losses on the Ether holding it earned from an NFT collection it launched in late 2021. 

The company revealed a loss of $4.9 million in 2022 as crypto prices took a significant downtown over the year. Therefore the value of Playboy’s crypto holdings as of December 31, 2022, sits at $327000. 

The collection features 30,000 NFTs that resemble robotic-like cubes and will later reveal a ‘’Mech’’ according to the description of the collection’s OpenSea. 

Yuga Labs mints $10 million with its new collection

NFT conglomerate Yuga labs minted over $10 million in a new HV-MTL group, or it can be Heavy Metal. 

The tool’s capabilities can launch an NFT collection in three steps, track sales on Discord and set up an NFT collection on a website.

The collection features 30,000 NFTs that resemble robotic-like cubes and will later reveal a ‘’Mech’’ according to the collection’s OpenSea description. 

However, other features include the ability to create a gated experience only for NFT holding, along with tools for analysing holder wallets.

NFT creators have a one-stop shop on Coinbase

Coinbase NFT has launched a Creator Hub that allows NFT creators to launch and market a collection. It provides a slew of tools for NFT creators to launch and market a group.

 The new hub is a ‘’one-stop shop for NFT creators. It is the first significant update Coinbase NFT has released in a while. Therefore, it provides a slew of tools for NFT creators to launch and market a collection.

Conclusion:

We can say that Doodles is no longer an NFT project. The main purpose of aims to hide it from all new investors and most loyal collectors. Yuga Labs’ new NFT collection has generated millions of dollars for the NFT corporation.