Non-fungible token (NFT) venture Doodles has introduced plans to launch its personal token, $DOOD, on the Solana blockchain.
The information comes after the venture revealed a management change. Scott Martin, also called Burnt Toast and the creator of the NFT assortment, will substitute the present high govt.
In a publish on X (previously Twitter), Martin shared the venture’s new imaginative and prescient, saying, “we’re moving to a vision with a strong bias for risk, disruption, radical transparency and the authenticity that made us who we are in the first place.” He added, “execution isn’t just code or partnerships – it’s culture too. the extractive corpo era of doodles is over.”
In a separate publish, the venture teased the upcoming launch of $DOOD, a token that can have a complete provide of 10 billion. Of this provide, 68% will likely 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 not too long ago entered the token area. 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 identified for its assortment of 10,000 colourful cartoon characters. In keeping with CoinMarketCap information, the venture is presently 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 centered closely on constructing a robust neighborhood and launching varied initiatives. One of the 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 embrace 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.
