Over the previous few years, Doodles has turn out to be a well-recognized identify within the NFT world, with its 10,000-piece digital artwork assortment and partnerships with main manufacturers like McDonald’s and Adidas.
Now, Doodles is ready to launch its Doodles Token ($DOOD) on Solana, with a plan to bridge over to Base, Coinbase’s Layer-2 community. This step goals to increase the venture’s artistic ecosystem and invite a broader viewers into the Doodles neighborhood.
The Rise of Doodles
Doodles debuted on the Ethereum blockchain underneath the steering of artist Burnt Toast. The gathering of 10,000 NFTs has generated over 700 million {dollars} in whole gross sales throughout 50,000 transactions, attracting 5,560 distinctive homeowners, in keeping with Cryptoslam. Every NFT grants voting rights for occasions and activations, so each holder turns into a part of Doodles’ evolving story.
Over time, it advanced right into a powerhouse NFT model, supported by figures like Pharrell Williams and guided by the crypto bear market by Julian Holguin, a former Billboard govt.
In July 2024, Doodles additionally launched DoodlesTV, a direct-to-community media platform providing early entry to unique content material, premieres, and viewing occasions.
Over the previous 24 hours, Doodles has proven a serious upswing in buying and selling exercise. The highest bid at present sits at 4.47 ETH, whereas whole quantity jumped to three,747 ETH—a 373.92% enhance.
The “White-Hot Trajectory”
In accordance with the Doodles staff, it has been on a “white-hot trajectory, igniting a cultural firestorm through the power of decentralization.” This sentiment highlights the function of neighborhood assist in constructing momentum. By adopting decentralized rules, Doodles gives holders a stake within the venture’s evolution.
Tokenomics of $DOOD
In the case of $ DOOD’s tokenomics, the plan begins with 10 billion tokens on Solana, quickly to be bridged to Base, Coinbase’s Layer-2 community. This bridging technique will let holders transfer their tokens throughout totally different blockchains.
In whole, 68% of $DOOD goes to the neighborhood—30% on to Doodles holders, 25% to a broader ecosystem fund, and 13% to “New Blood”. One other 17% is devoted to core contributors, 5% is allotted to company reserves, and 10% for Liquidity.
Wanting Forward: Doodles’ Imaginative and prescient
Doodles is heading down an analogous path as different main NFT initiatives—like Pudgy Penguins—by launching $DOOD to spice up neighborhood engagement and broaden its general ecosystem. Individuals usually name these sorts of tokens “culture coins,” as a result of they let followers and buyers turn out to be lively members within the venture, not simply passive observers.
Doodles lives by a easy however highly effective mantra: “make art. make history. make something.” With the launch of $DOOD, Doodles hopes to encourage recent collaborations amongst artists, musicians, and collectors.
