The Doodles, veterans of the NFT big leagues, have been quietly working behind the scenes while allowing the CryptoPunks and Bored Apes to take centre stage. Even if the Doodles aren’t as well-known as the other two, everyone has seen them. They simply can’t recall when or where they first saw those small sketches. But don’t be fooled by it. According to CryptoSlam, the collection’s total sales are $496 million. So far, so good.

The 10,000 Doodles in the generative collection are “made up of hundreds of fascinating visual qualities produced by Burnt Toast” AKA Scott Martin. Evan Keast and Jordan Castro, the other two members of the team, were part of the firm that rocked the world with CryptoKitties in 2017. The first NFT project to cause a chain reaction on the Ethereum blockchain. This seasoned group has been instrumental in the project’s continued growth and success.

The Doodles are a quality act from start to finish. Their smart contract can be audited, their roadmap is open to the public, and they can all be seen on the project’s website. The Doodles devised whitelisting for minting events, which is an example of superb management by an experienced team. Before minting, the team shut down the Discord and provided their first followers, those who had been there since the beginning, the opportunity to mint first. The move was initially viewed as a blunder by the general public, but they soon learned how clever the system was.

Let's Travel To Space With The Doodles Collection With Blue Chip NFTs 101 krishhh 22 | BuyUcoin

“Hand-drawn Doodles include skellys, cats, aliens, apes, and mascots,” according to their website. Hundreds of unusual heads, costumes, and hues from the artist’s palette are also included in the Doodles collection.” The current floor price for a Doodle is 9.7 ETH, according to OpenSea, and the total volume sold by the entire collection is 133.3K ETH.

As a Governance Token, Doodles

The project avoids the temptation of establishing a new currency for their environment by not considering NFT staking. The Doodles application focuses on providing users with access to off-the-cuff real-life occurrences. I’ll get to that later. In the virtual world, however, they provide unique experiences for their owners, such as the Space Doodles and the Dooplicator.

Furthermore, each Doodle serves as a governance token. A Doodle grants you vote and participation privileges in the project’s self-governing DAO. The DoodleBank, the community’s treasury, is controlled by the Doodle holders, who determine what to focus on next. They can vote on projects, the team, and hiring, as well as what to do during live events. They recently chose to support a 3D Doodles initiative.

The project’s Discord channel serves as a conduit for communication. This tool, as with other contemporary NFT efforts, is an important piece of the puzzle. The Doodles server, for example, has established a scam warning channel to safeguard the community from fraud and to have them watch the internet for phoney Doodles and anyone misrepresenting their brand.

Let's Travel To Space With The Doodles Collection With Blue Chip NFTs 101 ETHUSD 2022 06 14 14 44 44 | BuyUcoin
ETH price chart on Bitstamp | Source: ETH/USD on TradingView.com

What Are Space Doodles, Anyway?

Holders can wrap their Doodles and change them into Space Doodles at no cost to them as a special advantage. The original Doodle is placed in a Spaceship and a space-like environment in these new NFTs. You can always go back to Doodles if you don’t like it or miss your PFP. However, you might not want to. The Space Doodles’ floor price, according to Open Sea, is 11.8 ETH. Liquidity is a different story; the entire collection has sold 1.6K ETH in total.

All of the artwork was created by Burnt Toast himself.

The company has also given away free stuff, such as the Dooplicator, to the community. The starting price for these space backpacks is 2.79 ETH at the time of writing.

The Future Of This Blue Chip Collection

You’re only as good as your last hit, and the Doodles’ real-life event at the South by Southwest festival could be that. It was the talk of the town, a warehouse painted in the collection’s signature pastel palette with screens all throughout. They also distributed an NFT designed by Burnt Toast in collaboration with paint producer Behr. Hopefully, one day, it will be worth something.

The point is, one of the objectives of Doodles as a company is to focus on live events and ultimately become an entertainment company. That’s great for holders that live in the US, it means that they’ll get access to a lot of events where the company will distribute secondary NFTs. It also means that Doodles will be constantly interacting with brands, artists, and other projects. That continuous activity will push the brand name out there.

Another significant advantage for holders is that Doodles intends to grant them ownership rights. For a nominal cost, users will eventually be able to launch their own Doodle-related products. Given that Doodles is a top 10 NFT collection, we’d think the majority of the marketing effort has already been completed.

Source: NewsBTC

Read more articles here…

Leave a Reply

Your email address will not be published.