The Doodles NFT collection, known for its rainbow-barfing Ethereum NFTs, is launching a token on Solana. However, the response to the token launch has been mixed. Some members of the crypto community appreciate the token, especially coming from an established brand. However, there has also been criticism regarding token allocation, as the Doodles team may receive up to 57% of the tokens, which goes against the idea of tokens being a way to give back to the community. Additionally, there are concerns about the timing of the token launch and whether it will serve any functional purpose beyond offering exit liquidity and gaining attention. Recent market performance of art- and gaming-related tokens have been rough, with many experiencing significant losses in value. Previous attempts by the Doodles team to generate interest in their IP through high-profile partnerships and collaborations have not resulted in significant success. The announcement of the DOOD token has not reignited excitement around the Doodles NFT collection, as evidenced by a decrease in sales volume. Overall, while the artwork and aesthetic of Doodles are appreciated by some, there are doubts about the potential success and long-term value of their token.



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