NFT brand Doodles to launch Solana-based token called DOOD

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The Block2025/02/12 16:00

By:The Block

Quick Take DOOD will launch on the Solana network, with plans to bridge it to Base. The maximum DOOD token supply sits at 10 billion, with its largest allocations going to the Doodles community and an ecosystem fund, respectively.

The NFT brand Doodles plans to launch its own Solana-based token called DOOD.

Out of the 10 billion total token supply, 30% will go to the Doodles community, 25% to its ecosystem fund, 17% to the team, 13% to “new blood,” 10% to liquidity and 5% to the company, Doodles wrote in a Thursday social media post. The Doodles team plans to eventually bridge the token to the Coinbase-incubated Layer 2 Base .

Doodles follows Pudgy Penguins as the latest NFT brand to announce a token airdrop. In December 2024, Pudgy Penguins launched its token PENGU with a total supply of 88,888,888,888 on the Solana network.

Though Doodles initially started out as an NFT project of 10,000 collectible artworks, the brand has expanded into animation, music and even a partnership with fast food giant McDonald's . Doodles brought in $2.46 million in trading volume between Feb. 2 and Feb. 9, according to The Block's Data Dashboard.

The Block reached out to Doodles for comment.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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The Block•2025/02/13 22:11