Veterans of the major leagues have allowed NFT, Doodles to shine the spotlight on CryptoPunks and Bored Apes and have consistently worked behind the scenes. Although it is not a global brand like the other two, everyone has seen its doodles. They don’t remember when and where they saw those little drawings. Don’t let this fool you. The group’s total sales amounted to $496 million, According to CryptoSlam. Until now.
Generative set of 10,000 doodles “consisting of hundreds of exciting visual themes designed by Burnt Toast” AKA Scott Martin. The other two members of the team are Evan Kist and Jordan Castro, who in 2017 were part of the company that shook the world with CryptoKitties. The first NFT project to obfuscate the Ethereum blockchain. This experienced team has been a key factor in the success of the project and its continued expansion.
Class doodles exude class through and through. Their smart contract is auditable, their roadmap is public, and anyone can easily find it on the project website. An example of great management by an experienced team is that Doodle devised the whitelist for minting events. The team shut down Discord before the coin was minted and gave their early followers, the people who had been there since the beginning, a chance to mint first. Society as a whole saw this move as a mistake, but they soon realized how clever the system really was.
according to her website“The hand-drawn doodles include skellys, cats, aliens, monkeys, and amulets. The Doodles collection also includes dozens of heads, costumes, and colors rare for the artist’s palette.” According to OpenSeaThe current minimum price for the doodle is 9.7 ETH and the total volume sold by the entire pool is 133.3 thousand ETH.
Doodles as a symbol of governance
The project does not consider NFT staking and avoids the temptation to create new tokens for their ecosystem. The Doodles utility focuses on getting to real-world events off the hook. More on that later. In the virtual world, though, they offer their owners new experiences like Space Doodles and Dooplicator.
In addition, each doodle is a kind of governance symbol. Doodle gives you voting rights and participation in the type of DAO that governs the entire project. Doodle holders decide what to focus on next and control the treasury of the community, known as Doodle Bank. They have the right to vote on proposals, team and hiring, and what to do at live events. They recently decided to fund a 3D doodles project.
Communication flows through the project’s Discord channel. As it happens with most current NFT projects, this tool is an important piece of the puzzle. For example, a doodle server recently created a fraud alert channel to protect the community from fraud and have them monitor the internet for fake doodles and people slandering their brand.
ETH price chart on Bitstamp | Source: ETH/USD on TradingView.com
What are space doodles?
As a special feature for holders, at no cost to them, they can encapsulate their own doodles and turn them into space doodles. New NFTs put the original doodles in a spacecraft and in a space-like environment. If you don’t like or miss the PFP, you can always go back to your doodles. You may not like it. According to OpenSeaThe ground floor price for Space Doodles graphics is 11.8 ETH. Liquidity is another story, the total volume sold by the entire group is 1.6K ETH.
All art by Burnt Toast himself.
The company also gave the community a free swag like The Dooplicator. At the time of writing, the floor price of the space backpack is 2.79 ETH.
The future of the blue chip group
You’re only as good as your recent success, and for doodles that could be their real-life event at the South by Southwest Festival. A warehouse painted in the group’s signature pastel scheme, with screens everywhere, was the talk of the town. They also distributed NFT in association with paint manufacturers Behr and developed by Burnt Toast. Hopefully it will be worth something someday.
The point is, one of Doodles’ goals as a company is to focus on live events to eventually become an entertainment company. This is great for property owners who live in the US, it means that they will get access to a lot of events where the company will distribute secondary NFTs. This also means that your doodler will constantly interact with brands, artists, and other projects. This continued activity will push the brand name out there.
Another important benefit for the owners is that the doodles plan to give them royalties. Eventually, people will be able to launch their Doodle related products for a small fee. Given that doodles Top 10 NFT Collectionwe can say that most of the marketing work has already been done.
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