- Doodles NFT has raised $54 million at a $704 million valuation.
- With this specific money, Doodles will expand its IP throughout the music, tradition, and entertainment companies.
- Alexis Ohanian’s Seven Seven Six led the round, with involvement from Acrew Capital, FTX Ventures, and 10T Holdings.
Doodles will be ready to expand its reigns with a bigger war chest
After staying quiet for the whole thirty days of August, Doodles NFT finally broke the silence having a huge announcement. This time around, the organization has raised $54 million at a $704 million valuation, a great deal towards pleasure of its fans.
Alexis Ohanian’s Seven Seven Six led the round, with involvement from Acrew Capital, FTX Ventures, and 10T Holdings. Notably, Doodles uses this fund to expand its internet protocol address throughout the music, culture, and entertainment industries.
“Reimagining storytelling through blockchain, Doodles is changing what sort of world connects and interacts,” stated Katelin Holloway, founding partner of Seven Seven Six.
“We’re therefore excited to partner with Doodles and team as they continue transforming just what the next generation of activity and news appears like.”
Certainly, changing Doodles NFT in to the largest Web3 news brand name is something which Doodles CEO, Julian Holguin, has always wished to attain.
“With this capital, we aim to carry on having a brand new generation of engaging experiences and content making use of blockchain technology, including NFTs,” said Holguin.
“We’re thrilled to own Seven Seven Six have confidence in our vision to build the greatest and a lot of coveted Web3 media brand globally, bridging consumer, culture, and entertainment. Our objective is to redefine just what this means to become a world-class intellectual home.”
We’re thrilled to announce that Doodles has raised $54M at a $704M valuation.https://t.co/[email protected] @10TFund @AcrewCapital @FTX_Official
— doodles (@doodles) September 13, 2022
What is Doodles NFT?
To begin with, Doodles actually joyful assortment of 10,000 NFTs created by Jordan Castro, Evan Keast, and Burnt Toast in October 2021. Having its attractive, pastel-hued avatars, it’s become one of the hottest NFT collections up to now.
Today, Doodles is one of the top ten collections ever by trading volume on OpenSea. A great deal of high-profile individuals including Gary Vee, Snoop Dogg, and Justin Bieber have aped in too. If this is very first time in Doodles, you may well be astonished to understand that Pharrell Williams is the firm’s Chief Brand Officer as well!
Even so, Doodles has long been a community-focused NFT task. Its holders can vote on community proposals like Doodles group scaling, real time activities, and 3D Doodles money from time one. Under its licensing agreement, owners may also commercialize their Doodles NFT for up to $100k each.
What’s next for Doodles then? Considering its roadmap, it’s likely to launch Doodles 2, a different NFT collection the mass market quickly.
In accordance with its site, Doodles 2 are extremely customizable, and owners can update their appearances regarding the blockchain without deal charges. What’s more, this new collection will incorporate music from biggest designers, which are often unlocked and utilized upon launch.
Provided the brand’s renewed momentum, many can’t hold off to see what exciting ventures Doodles will take in next. Until then, feel free to jump in and find out about this colorful NFT project.