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Non-fungible token (NFT) undertaking Doodles has introduced plans to launch its personal token, $DOOD, on the Solana blockchain.
The information comes after the undertaking revealed a management change. Scott Martin, also called Burnt Toast and the creator of the NFT assortment, will substitute the present high government.
In a publish on X (previously Twitter), Martin shared the undertaking’s new imaginative and prescient, saying, “we’re shifting to a imaginative and prescient with a powerful bias for threat, disruption, radical transparency and the authenticity that made us who we’re within the first place.” He added, “execution isn’t simply code or partnerships – it’s tradition too. the extractive corpo period of doodles is over.”
In a separate publish, the undertaking teased the upcoming launch of $DOOD, a token that may have a complete provide of 10 billion. Of this provide, 68% shall be allotted to the Doodles neighborhood. The workforce additionally plans to arrange a future bridge to Coinbase’s Ethereum layer-2 community, Base.
This transfer locations Doodles amongst a number of different NFT initiatives which have lately entered the token house. Azuki launched its governance token, $ANIME, final month, and Pudgy Penguins launched its $PENGU token in December.
Since its debut in early 2021, Doodles has been recognized for its assortment of 10,000 colourful cartoon characters. In accordance with CoinMarketCap information, the undertaking is at present ranked first by buying and selling quantity within the final 24 hours and the previous seven days, whereas it holds fourth place within the final 30 days, behind Azuki, Pudgy Penguins, and Milady.
Doodles has targeted closely on constructing a powerful neighborhood and launching numerous initiatives. Probably the most current partnerships was with McDonald’s for a vacation marketing campaign, which featured limited-edition cups, digital collectibles, unique music, and animated content material.
Different collaborations embody limited-edition Rubik’s cubes, a set with Adidas for unique attire impressed by Pharrell Williams’ Deysi digital mascot, and a partnership with Casio to launch a G-Shock NFT watch.
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