Doodles NFT
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$54 Million Equity Funding Goes To Doodles NFT Project

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Doodles, a well-known NFT initiative, has resurfaced with big news. In fact, Reddit co-founder Alexis Ohanian’s Seven Seven Six just provided $54 million in equity capital to Doodles. Acrew Capital, FTX Ventures, and 10T Holdings all made contributions to this sum in addition to Seven Seven Six.

What’s Next For Doodles NFT Project

Doodles intends to leverage this financing to diversify into the gaming and music industries. Additionally, this investment raises the company’s capitalization to $704 million. Katelin Holloway, a founding partner of Seven Seven Six and a member of the Doodles board, will aid in the project’s internal and external growth.

“Doodles is reimagining storytelling through the blockchain, transforming how the world connects and interacts,” said Katelin Hollway. We’re incredibly thrilled to work alongside Doodles and the team as they continue to redefine what the entertainment and media of the future will look like.

Additionally, the team behind the NFT project has chosen, after consulting with its collectors, to let them sell their NFTs for up to $100,000 without the need for licensing agreements. To encourage participation from the neighborhood, they also employed holders as illustrators.

The chief executive officer of Doodles, Julian Holguin, stated, “With this funding, we want to continue developing a new generation of engaging experiences and content using blockchain technology, including NFTs.

We are overjoyed that Seven Seven Six shares our goal of creating the biggest and most prestigious web3 media brand in the world that connects consumer, culture, and entertainment. Our goal is to redefine what it means to have intellectual property of the highest caliber.

About Doodles NFT

About Doodles

Co-founded by digital artist Burnt Toast, Jordan Castro, and Evan Keast, Doodles is a joyous collection of 10,000 NFTs. It has rapidly risen to become one of the top NFT projects since its debut about a year ago. Its diverse cast of characters, devoted community, and strategic plan have all aided in its success.

High-profile NFT collectors like Gary Vee, Snoop Dogg, Justin Bieber, Diplo, and Kygo, to mention a few, have taken an interest in Doodles. The group declared Pharrell Williams to be the new Chief Brand Officer in June. Doodles will also introduce a number of goods during the following six months. This includes their widely used, mass-adoption NFT experience.

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