Doodles sales soar 1,200% after $54M funding

Doodles NFT sales are soaring!

According to data from CryptoSlam, the demand for Ethereum-based NFT collection has attracted over $2.1 million in sales, reflecting a 1,200% increment. Notably, the surge emanated after the Doodles acquired about $54 million from a funding round.

According to the announcement, Alexis Ohanian’s 776 venture capital firm led the round alongside Acrew Capital, FTX Ventures, and 10T holdings.

Doodles aiming for expansion with the latest funding

Doodles revealed that the funds would aid it in increasing its team from 11 to 30 persons. The firm will aim to employ personnel for vital positions, like the head of finance, head of business affairs, head of marketing, social media manager, and a host of others. 

Also, the newly acquired funds will aid the project in expanding its new “Doodles 2” collection.

Recall that Doodles recently launched its second NFT collection. More so, it signed a deal to make renowned musical celebrity Pharell Williams its Chief Brand officer. Above all, the funds will push the team’s growth and advancement of Doodles’ technological innovation. The NFT project intends to expand into animation, music, games, attractions, and many others.

Additionally, the data from CryptoSlam is an aggregation of all that takes place across all NFT marketplace. In the last 24 hours, about 144 pieces of the collection have been sold. Consequently, the floor price of the collection has risen by 19%. The cheapest piece of the collection amounts to about 8.23 ETH, equivalent to $13,100.

Notably, Doodles runs as a collection of 10,000 NFTs. According to its website, the collection enjoys robust visual features designed by Burnt Toast. Since its first minting in 2021, Doodles NFT has continued to witness rapid expansion, availing renewed experiences to its collectors. It has a community treasury, Doodlebank, through which it funds all its offerings.

Today, holders of the collection enjoy governance rights, allowing them to contribute to community-oriented issues by voting. It is worth noting that as the project continues to expand, its community members are assured of more thrilling experiences and unhindered access to the latest products.