2025-02-14
Feb 13, 2024 - Doodles, a popular NFT brand, has
announced the launch of its official token, $DOOD, on the Solana blockchain.
The company also has plans to bridge the token to Base, the Layer 2 network
incubated by Coinbase.
The maximum supply of $DOOD will be 10
billion tokens, with a significant portion allocated to the Doodles community
and an ecosystem fund. The distribution of the tokens is as follows:
Doodles' move follows in the footsteps
of Pudgy Penguins, another NFT brand that launched its token, PENGU, in
December 2024 on the Solana network, with a total supply of 88.89 billion
tokens.
Originally launched as a 10,000-piece
NFT collection, Doodles has since expanded its brand into various industries,
including animation, music, and a partnership with McDonald’s.
The project remains a major player in
the NFT space, with $2.46 million in trading volume recorded between February 2
and February 9.
With the introduction of $DOOD, Doodles
aims to further develop its ecosystem, rewarding its community and fostering
new growth within the NFT space.
