TL; DR
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Doodles migrates his “Stoodio‘avatar customization platform from the Flow blockchain to Base, which turns out to be a perfect example of network effects.
Full story
It has just been announced that Doodles are “Stoodio” avatar customization platform from the Flow blockchain to Base.
(But for now, they plan to keep their famous Doodles profile photo NFT series on Ethereum).
This is why:
First, Base has cheaper and faster transaction speeds, but that’s obvious…
Where things get more interesting is the idea that they’re moving to Base because so many of their existing users, and users, are want to to aim are already on the base.
This is a great example of network effects in action. More people have wallets that support Base > more companies build on Base > and the flywheel continues.
According to Doodles CEO Julian Holguin, this also had less to do with issues surrounding the Flow blockchain and more to do with Doodles’ vision for the future.
(Cryptic – but intriguing…).
The transition will take place in mid-July and we look forward to seeing what other developments Doodles has in store.
With more and more NFT projects and NFT-related companies heading towards Solana and Base, where does that leave other blockchains like Ethereum and Flow?
Too early to tell, but it feels like this could be a winner takes most game (much like web2’s social media landscape).