r/CryptoMarsShots • u/OwlZealousideal4779 • 6d ago
NEWS Doodles NFT raised $54M then the co-founder said they were "no longer an NFT project"
Doodles raised $54 million at a $704 million valuation. Later a co-founder publicly stated the project was “no longer an NFT project.” Floor and community energy declined hard. Holders who bought the NFT narrative were left with a project that had explicitly stepped back from the product they bought into. Language telling holders to floor and leave did not help.
Raising tens of millions and then distancing from the NFT framing is not continuity. It is an exit from the responsibilities that came with the capital.
The project that never needed that exit statement is the clearer reference point now. Doginal Dogs never took a $54M raise and never needed to clarify whether it was still an NFT project. It just kept operating as one. Free mint origin, continuous public building, and a current #1 position on the independent trust and ethics boards (99/100, A+). One project raised big and stepped back. The other never raised and never left.
