What’s New with Doodles?
The NFT company Doodles is taking a bold step by launching its own Solana-based token called DOOD. The move comes as the crypto market right now shows signs of revival, and NFT brands explore new ways to engage their communities.
DOOD Tokenomics
The DOOD token will have a total supply of 10 billion, distributed as follows:
- 30% to the Doodles community
- 25% to the ecosystem fund
- 17% to the team
- 13% for “new blood” initiatives
- 10% for liquidity
- 5% for the company
Doodles also plans to bridge DOOD to Coinbase crypto-incubated Layer 2 Base in the near future, opening up more possibilities for token integration.
A New Direction for Doodles
Under the leadership of its new CEO and creator, Scott Martin, Doodles is pivoting away from “extractive” corporate partnerships. Instead, the token company aims to focus on a crypto token launch that strengthens its community and expands its utility offerings.
Martin’s vision includes creating a gamified ecosystem powered by DOOD tokens, where users can engage in unique, interactive experiences. For instance, one plan involves an art installation where users spend tokens to trigger actions like lowering a sculpture into a car crusher!
Why Launch a Token?
When asked why Doodles chose to launch DOOD, Martin explained, “We have a fiduciary duty to bring value to our holders.” By launching DOOD, the NFT brand hopes to provide a competitive and valuable asset to its community, aligning with the latest news on crypto trends.
Doodles in the Bigger Picture
This crypto latest news today about Doodles follows the footsteps of other NFT brands like Pudgy Penguins, which launched its token PENGU in December 2024. As the news about crypto continues to evolve, projects like Doodles are finding innovative ways to stay relevant and expand their reach.
As the crypto market right now grows increasingly dynamic, all eyes are on Doodles to see how the DOOD token performs. Whether it’s the initial launch coin hype or its long-term utility, DOOD could be a game-changer in the NFT and crypto space.
