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Doodles Ethereum NFT Sales Surge 1,200% After Big Raise Values Project at $704M

in a nutshell

  • Doodles NFT sales surged by more than 1,200% in the past day, with a 19% increase in the lowest price during the period.
  • Today, the creators of Doodles announced a $54 million funding round led by Seven Seven Six, the VC of Reddit co-founder Alexis Ohanian.

doodle There’s demand, and sales are soaring following this morning’s announcement. $54 million funding round: ethereum The NFT collection has recorded a sales jump of over 1,200% in the last 24 hours.

According to data from crypto slamreports $2.1 million worth of doodles NFTs Sales for the last 24 hours. That’s a 1,224% increase in the last 24 hours, according to the platform’s ranking, which covers all marketplace sales.It is the top-ranked project in its span, nearly doubling the volume of Ethereum projects brick $1.07 million.

With 141 assets sold in the last 24 hours and NFTs flying off the marketplace, the lowest price, the cheapest listed NFT available, has also increased. At the time of writing this Doodles minimum price It surged 19% over the past day and is currently at 8.23 ​​ETH, or around $13,100.

Doodles is an NFT profile picture project spanning a total of 10,000 Ethereum tokens, each with artwork featuring randomized character traits. NFT is blockchain token This represents ownership of the item. In this case, a unique avatar. The collection launched last fall and so far he has made $528 million worth of secondary sales, according to CryptoSlam.

Doodles today announced a $54 million funding round led by Reddit co-founder Alexis Ohanian’s venture capital firm Seven Seven Six. The round includes participation from FTX Ventures, Acrew Capital and 10T Holdings, with the project valued at his $704 million.

Featuring artwork by artist Scott “Burnt Toast” Martin, Doodles announced plans in June to launch a larger Doodles 2 collection spamming millions of customizable avatars. It is expected to be created on a blockchain network that will allow for cheaper and faster transactions than Ethereum’s own mainnet, but that network has yet to be officially named.

At the NFT NYC event in June, the Doodles team first announced a funding round from Seven Seven Six, but did not disclose the amount or other backers.Musician and producer Pharrell Williams Joined as Chief Brand Officerwill serve as executive producer for an album of music inspired by the project.

Prior to today’s funding announcement, some Doodles NFT holders had expressed frustration at the lack of communication as the project progressed. over a month and a half without tweeting. Doodles are Today’s Tweet Thread“Everyone in our community, we hear and appreciate you. We will continue to build with you.”

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