Doodles – a collection of NFTs – reported last Tuesday that the project has raised $54M at a valuation of approximately $704M in assets in a round of funding. This round was conducted as a collaborative effort of Acrew Capital, FTX Ventures, Seven Seven Six, and 10T Holdings.
According to Doodles, this investment will enable it to construct a strategic plan to elevate its span as well as monetize the intellectual property thereof via the ventures (taking into account entertainment, culture, and music-related industries) around the world.
$54 Million Collected by the NFT Developer Doodles in Funding
Burnt Toast (a digital artist) as well as Evan Keast and Jordan Castro (pioneers of Web3) collaborated to create a series of up to 10,000 innovative non-fungible tokens (NFTs). They titled it Doodles. The collection is aesthetically exclusive, as it provides a vibrant universe, which presents a fascinating depiction of mascots, apes, skeletons, and aliens in the portraits of cartoons minted on the blockchain of Ethereum. It is widely acknowledged for its captivating characteristics.
This NFT collection comprises hundreds of hand-drawn attributes. Dapper Labs – a software for blockchain development – launched Doodles in the previous year. Formerly in March, at the Texas-based event of Southwest festival Doodles summoned all those holding NFTs to be entertained by a unique experience.
There special Doodles-themed platforms were arranged by the authorities, where users were facilitated with all the luxuries like; refreshments, nail paintings, and drinks (sponsored by Doodles). Users were free to show and utilize their NFTs to purchase any of the available things during the exhibition span.
Katelin Holloway, the partner of Seven Seven Six, commented on the recent collection of funds. She stated that Doodles is moving ahead in the field of content creation. As per her, the project is revolutionizing the manner of interaction across the globe by reconstructing the narratives in an imaginative with the help of blockchain technology.
Notable Celebrities Adopt NFT Collection of Doodles
Doodles was launched in October of the previous year. Since that time, the non-fungible token collection thereof has transcended the figure of up to 148,500 ETH while being traded on the platform of OpenSea with 8.4 ETH as the floor price. The noteworthy collectors take into account, Pranksy, Steve Aoki, Diplo, Kygo, Fat Joe, Snoop Dog, Gary Vee, Future, and Justin Bieber.
Disclaimer: NFTs and Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors (namely Business Voices content) and the views expressed in these types of posts do not reflect the views of this website. Please read our full disclaimer here.
