Ethereum NFT Brand Doodles Launches Solana-Based DOOD Token

In a stunning improvement, NFT model Doodles introduced the launch of its official token, DOOD, on the Solana blockchain. Along with Solana, Doodles has plans to bridge the DOOD token to the Base community.

Doodles To Launch DOOD on Solana

In a current X post, Ethereum NFT model Doodles launched its official token, DOOD. As per the announcement, the DOOD token will initially launch on the Solana community, with future growth plans to Ethereum’s Layer-2 Base.

Notably, Doodles is a group of 10,000 generative NFTs minted on the Ethereum blockchain. In keeping with the X put up, Doodles is an “onchain, world-building collective, driving billions of views throughout our animations, quick movies, and partnerships with the most important manufacturers on this planet.”

Reportedly, Doodles will roll out DOOD with a provide of 10 billion tokens. Out of the overall provide, 68% shall be allotted to the Doodles group. To be particular, the platform allocates 30% to the group and reserves 25% for its ecosystem fund. The remaining DOOD tokens shall be distributed among the many staff (17%), “new blood” (13%), liquidity (10%), and the corporate (5%).

Scott Martin Steps in as New CEO

In late January 2025, Scott Martin took the reins as the brand new CEO of Doodles. He wrote, “We’re transferring to a imaginative and prescient with a robust bias for danger, disruption, radical transparency and the authenticity that made us who we’re within the first place.”

i’m stepping in as CEO of doodles

we’re transferring to a imaginative and prescient with a robust bias for danger, disruption, radical transparency and the authenticity that made us who we’re within the first place

concepts rework societies. right this moment, the disruptors are available in many kinds: NFTs rewriting… pic.twitter.com/Mk7G22vTMI

— burnt toast (@burnttoast) January 28, 2025

Just lately, Martin narrated the platform’s journey, explaining their battle to please crypto-native holders. He said, “We’re making an attempt to be a mattress and a sofa. And finally, it’s uncomfortable.”

Based mostly on his statements, it seems that the DOOD token launch is Doodle’s effort to re-engage with the group after a collection of unsuccessful initiatives. Martin cited Doodles’ partnership with Rubik’s Dice as a failed technique, the place promoting digital wearables for avatars was a misguided transfer.

Calling consideration to the DOOD launch, Martin posited that the token would hit the market initially as a memecoin. Nevertheless, he intends to not name it a memecoin. He additional added that DOOD would evolve right into a “utility coin” powering a gamified Doodles ecosystem, as soon as US securities legal guidelines are navigated. The US Securities and Change Fee (SEC) is at the moment contemplating an overhaul of crypto regulations.

Doodle’s DOOD Follows Memecoin Frenzy

Notably, Doodle’s launch of DOOD coincides with the rising memecoin craze, amplified by the thrill round Donald Trump’s TRUMP token. Furthermore, it additionally aligns with the rising memecoin development within the NFT market, with Doodles becoming a member of common initiatives like Pudgy Penguins and Azuki.

In December 2024, Pudgy Penguins launched its memecoin, PENGU, sparking widespread consideration. Quickly, the PENGU token skyrocketed in worth, yielding substantial profits for investors. Equally, in January 2025, Azuki introduced the launch of its cryptocurrency, ANIME.