What is Doodles?
Doodles is a prominent collection of ten thousand NFTs, distinguished by hundreds of unique visual traits meticulously designed by artist Burnt Toast. The collection features a diverse array of hand-drawn characters, including skellys, cats, aliens, apes, and mascots, complemented by rare heads, costumes, and a distinctive artist's color palette. Beyond the digital art, Doodles cultivates an ever-expanding universe, offering collectors exclusive access to new experiences like Space Doodles, alongside merchandise and events. Ownership grants holders the ability to participate in community-driven decisions through the Doodlebank, a community treasury exceeding five million USD, which funds collaborative roadmap initiatives decided by founders and Doodle holders.
How much funding has Doodles raised?
Doodles has raised a total of $54M across 1 funding round:
Other Financing Round
$54M
Other Financing Round (2022): $54M with participation from 10T Holdings, Seven Seven Six, FTX, and Acrew Capital Management
Key Investors in Doodles
10T Holdings
10T Holdings is a growth equity fund specializing in the Digital Asset Ecosystem, managing substantial assets and investing in mid-to-late stage companies to drive innovation in blockchain security, gaming, and financial services.
Seven Seven Six
Seven Seven Six is an early-stage venture capital firm focused on innovation at the intersection of product and people, utilizing a proprietary operating system to enhance scalability and provide operational support to its portfolio companies.
FTX
FTX is a prominent cryptocurrency exchange designed by traders, offering a wide range of innovative products including derivatives, options, and leveraged tokens within the digital asset market.
What's next for Doodles?
With a major strategic investment and a substantial total funding amount of $54M, Doodles is poised for significant expansion. The company's focus on community governance via the Doodlebank, coupled with its growing NFT universe and exclusive collector benefits, positions it for sustained growth. This latest capital injection will likely accelerate the development of new experiences, enhance brand reach, and solidify its market leadership in the evolving digital collectibles landscape. The company's enterprise-level backing suggests a strategic push towards broader market adoption and potential metaverse integrations.
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