Seven Seven Six has invested in Doodles with Acrew Capital, FTX Ventures and 10T Holdings. This funding will allow Doodles to implement a growth strategy and monetize its intellectual property globally through ventures in music, culture and entertainment.
Doodles is 10,000 different blockchain-based NFTs created by Burnt Toast and Web3 pioneers Evan Keast and Jordan Castro. It has a colorful world full of playful cartoon-like illustrations that capture whimsical animal characters like aliens, cats, apes, and mascots. Dapper Labs founded the company in 2021.
Doodles invited its NFT holders to an exclusive event at the South by Southwest festival in Texas. Users could visit themed venues and purchase drinks, paint their nails with Doodles designs, or order refreshments.
Katelin Holloway gives insights on new fundraise
“We believe Doodles is developing the next digital frontier of how we experience and create content, unlocking the real value behind NFTs. Doodles is changing how the world connects and interacts by reimagining storytelling through the blockchain.”
In the four months since launching on OpenSea, Doodles has traded 148,500 ETH with a floor price of 8.4 ETH. Some notable collectors include Justin Bieber, Future, Gary Vee, Snoop Dog, Fat Joe, Kygo, Diplo and Pranksy.