This week the large NFT collection Doodles will release a new free to claim NFT, the Dooplicator. Doodles announced in a tweet that all Doodles NFT holders will be able to claim their special new collectible on Thursday, May 12th.
Doodles drop Dooplicator NFTs after being teased for weeks
Doodles tweeted the news of the Dooplicator NFTs last week on May 6th. Indeed, it’s been quite an exciting few weeks for one of the most popular NFT projects of all time.
Back on May 6th, Doodles announced that it had hired former Billboard President Julian Holguin as its new CEO. Doodles then immediately followed up with a reference to the next phase of the project. Specifically, the tweet noted “groundbreaking projects, transformative partnerships, and a full unveiling of our vision and roadmap.”
Could New NFT Drop Lead to Licensed Derivatives?
The Dooplicator NFTs are clearly an important part of the next phase of Doodles. To that end, Doodles describe the Dooplicators as “a functional piece of Doodle machinery with extraordinary powers.”
While Doodles is yet to provide more specifics on how the NFTs work, we can make a pretty good guess. Obviously, both the name and the GIF attached to the tweet indicate that these NFTs will make it easier for Doodles owners to clone their NFTs in some way.
A popular theory about Doodles’ future plans is that Doodles sell licensed derivatives on behalf of the holders. Perhaps this will be the role Dooplicators play in the project ecosystem. Significantly, some owners and viewers have expressed concerns that such a move could dilute the original collection. Still, the overall response to the announcement was very positive.
Doodles is one of a few NFT-PFP projects to carry the market
The Dooplicator news is another feather in the cap of what is one of NFT space’s pet projects. In fact, Doodles is on a shortlist of NFT PFP collections that have actually increased in value significantly over time.
While the overall NFT market is going through a rough patch, Doodles, along with a few other “blue-chip” NFT projects, have largely weathered the storm. To illustrate, data from NFT Price Floor shows that the Doodles floor price has been in a major uptrend since the project started late last year. Additionally, the Doodles bottom has been dropping for the past seven days but is still at an impressive 19 ETH.
All in all, Doodles’ Dooplicator NFT drop appears to be just the tip of the iceberg when it comes to the NFT project’s ambitious roadmap for 2022. For example, we’re likely to see some big news from Doodles’ partnership with Shopify.
This unique NFT collection continues to push the boundaries and experiment. Because of this, the Dooplicator drop will certainly be watched.