Doodles raises $54 million, will use funding to monetize IP globally. – Entmetrics

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The NFT Doodles Assortment raised $54 million at a $704 million valuation in a funding spherical led by Seven Seven Six, together with participation from Acrew Capital, 10T Holdings and FTX Ventures. Katelin Holloway, founding companion of Seven Seven Six, stated the corporate believes Doodles is creating the following digital frontier of how one experiences and creates content material. It unlocks the true worth behind non-fungible tokens. Holloway believes Doodles is altering the best way the world connects and interacts by reimagining storytelling by way of blockchain. music, tradition and leisure industries. The Doodles assortment consists of 10,000 non-fungible tokens. He’s famend for his colourful world and cheerful cartoon character portrayals of skeletons, cats, aliens, monkeys and mascots. Tokens are minted on the Ethereum blockchain; NFTs are generated from a whole lot of strokes and drawn by hand. He invited his NFT holders, in March, to an unique expertise on the South by Southwest pageant in Texas. Customers visited Doodle-themed areas to purchase a drink, have Doodles painted on their nails, order refreshments, and consider their NFTs all through the exhibit. The Doodles assortment, since its launch in October 2021, has exceeded 148,500 ETH traded on OpenSea with a flooring worth of 8.4ETH. A few of his well-known collectors embrace Snoop Canine, Justin Bieber, Steve Aoki, and Gary Vee, amongst others.

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