Doodle NFT finally breaks their silence with a big announcement!
The popular NFT project Doodles is back and bigger than ever. In fact, Doodles just received $54 million in equity funding, courtesy of Reddit co-founder Alexis Ohanian’s Seven Seven Six. Besides Seven Seven Six, Accru Capital, FTX Ventures and 10 Holdings also contributed to the number.
How will these investment doodles help in the future planning of NFT projects?
Doodles plans to use this investment to expand into music and gaming Furthermore, this investment brings its valuation to $704 million. Seven Seven Six founding partner and Doodles board member Katelyn Holloway will also help expand the project internally and externally.
Katelyn Holloway commented: “By redefining storytelling through blockchain, Doodles is changing the way the world connects and communicates. We are very excited to partner with Doodles and the team as they continue to transform the next generation of entertainment and media.”
Also, the NFT project team is working with its collectors and has decided to allow them to commercialize up to $100,000 worth of NFTs before requiring a licensing agreement. They also hired holders as illustrators to make the community feel involved.
“With this capital, we want to continue creating a new generation of engaging experiences and content, including NFTs, using blockchain technology,” said Julian Holguin, CEO of Doodles.
“We are thrilled that Seven Seven Six believes in our vision to build the largest and most coveted web3 media brand globally, bridging consumers, culture and entertainment. Our mission is to redefine what it means to have world-class intellectual property.
About Doodle
Doodle is a delightful collection of 10,000 NFTs co-founded by Jordan Castro, Evan Kist, and digital artist Bern Tost. Since its launch almost a year ago, it has become one of the top NFT projects. Its colorful, inclusive character, its passionate community and roadmap have all contributed to its success.
The doodles have attracted the attention of high-profile NFT collectors, such as Gary V, Snoop Dogg, Justin Bieber, Diplo and Kygo, to name just a few. In June, the team announced that Pharrell Williams is the brand new Chief Brand Officer. Doodles will also be launching several products over the next six months. This includes their mainstream NFT experience for widespread adoption.
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