Key Points:
- NFT brand Doodles is launching a Solana-based token, DOOD, with a total supply of 10 billion and plans to bridge it to Coinbase’s Layer 2 Base.
- The Doodles token DOOD launch aligns with Doodles’ broader vision to become a media entity.
Doodles, a well-known NFT brand, has unveiled plans to launch its own Solana-based token, DOOD, as part of its wider expansion beyond digital collectables.
Read more: Doodles Stoodio Migration To Base Includes A Free NFT Mint Event
Doodles Token DOOD Launches with Total Supply of 10 Billion
According to an announcement on Thursday, the Doodles token DOOD will have a total supply of 10 billion tokens.
Of this, 30% will be allocated to the Doodles community, 25% to an ecosystem fund, 17% to the team, 13% to new contributors, 10% to liquidity, and 5% to the company. The project also intends to bridge the token to Base, a Layer 2 network incubated by Coinbase.
Doodles, launched in October 2021 on the Ethereum blockchain, features a collection of 10,000 colourful NFTs. The team behind it includes developers from CryptoKitties and former employees of Dapper Labs, the company behind the Flow blockchain.
Rising Trend of NFT Projects Launching Tokens
The Doodles token DOOD launch aligns with the project’s evolving vision. In March 2023, the project announced plans to transition into a broader media entity, moving beyond its NFT roots.
Doodles follows in the footsteps of Pudgy Penguins, which launched its PENGU token on Solana in December 2024. Magic Eden, the largest NFT marketplace on the Solana blockchain, introduced its native tokens in late 2024.
On the same day, OpenSea, the largest NFT marketplace in trading volume, also announced its SEA and OS2 beta tokens, an NFT platform enabling cross-chain purchases on 14 blockchains.
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