DOOD Token: How Doodles is Shaping the Future of NFTs with their newest venture

Doodles is launching its own Solana-based token, DOOD, with plans to eventually bridge it to the Layer 2 platform, Base. The token’s total supply will be capped at 10 billion, with the majority allocated to the Doodles community and an ecosystem fund.

The DOOD Token Launch

The popular NFT brand Doodles is expanding its presence with the launch of DOOD, a Solana-based token. The total supply of the token is set at 10 billion, with 30% reserved for the Doodles community, 25% for the ecosystem fund, 17% for the Doodles team, 13% for "new blood," 10% for liquidity, and 5% allocated to the company. This move signals the brand's continued push into the digital economy, with plans to bridge the token to Base, a Layer 2 network incubated by Coinbase.

The DOOD token launch follows the trend set by other prominent NFT brands like Pudgy Penguins, which recently introduced its token, PENGU, with a supply of 88.8 billion on Solana. Doodles, originally launched as a collection of 10,000 collectible NFT artworks, has grown significantly and now engages in animation, music, and high-profile partnerships, including collaborations with global brands such as McDonald’s.

A Token for the Community

The $DOOD token aims to empower the Doodles community by allocating a significant portion of the supply to its fans. With 68% of the tokens going directly to the community, Doodles emphasizes its commitment to decentralization and fan engagement. Only 5% will go to the company, 10% will be used for liquidity, and 17% will be retained by the team to further develop the ecosystem.

Doodles’ impressive rise in the entertainment industry, with billions of views on its animations and music and partnerships with major brands, reflects the growing influence of the project. The launch of the $DOOD token marks a pivotal step in Doodles’ mission to build a lasting movement, leveraging its global community and expanding digital economy.

A Surge in NFT Value

Since the announcement of the $DOOD token, the floor price of the Doodles NFT collection has surged by 12.4%, signaling a rise in excitement and interest surrounding the brand. The anticipation for the token is driving more collectors and investors to engage with the Doodles ecosystem, further elevating the value of Doodles NFTs.

As the token launch progresses, Doodles is poised to push the boundaries of decentralized engagement, offering fans new ways to participate and influence the future of the brand. The $DOOD token is set to become a cornerstone of this new era in the NFT and entertainment space.