Doodles, the team behind the globally recognized non-fungible token (NFT) collection, has launched its official token, $DOOD. The announcement was made during the NFT Paris 2025 event at Grande Halle de la Villette in Paris, France. This article explores the token's details, tokenomics, and its potential impact on the NFT ecosystem.
Key Highlights of $DOOD Launch
- Official Token: $DOOD serves as the native token for the Doodles NFT collection.
- Platform: Initially launched on Solana, with plans to bridge to Base (Ethereum Layer 2).
- Supply: Capped at 10 billion tokens, with 68% allocated to the community.
"The creative revolution is here."
— Doodles Team (@doodles)
Event Context: NFT Paris 2025
The NFT Paris event (February 13–14, 2025) featured high-profile speakers, including:
- Burnt Toast (Doodles Creator)
- Sebastien Borget (The Sandbox CEO)
- Luca Netz (Pudgy Penguins CEO)
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$DOOD Tokenomics Breakdown
| Allocation | Percentage | Purpose |
|-------------|------------|-------------------|
| Community | 30% | NFT holders |
| Ecosystem | 25% | Projects/grants |
| Team | 17% | Development |
| Liquidity | 10% | Market stability |
Additional Allocations:
- 5% to the company.
- 13% to "new blood" (future initiatives).
Market Response
- Trading Volume: 2,940 ETH (+400% in 24 hours).
- Community Engagement: Surge in secondary sales and social media activity.
FAQs
Q1: Where can I buy $DOOD?
A: Initially on Solana-based DEXs, with future support on Base.
Q2: What’s the utility of $DOOD?
A: Governance, staking, and access to exclusive Doodles events.
Q3: How does the Base bridge work?
A: Tokens will be transferable to Ethereum’s Layer 2 for lower fees.
Conclusion
The $DOOD launch marks a pivotal step for Doodles, blending community incentives with cross-chain flexibility. As the project expands, its tokenomics and partnerships will likely drive long-term value.
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