Doodles Plans to Launch DOOD Memecoin After Dropping Brand Partnerships
The crypto market is experiencing price increases, with expectations of relaxed regulations under President Donald Trump. This environment has encouraged companies to take bold actions.
- Doodles, an NFT brand, is shifting its strategy by moving away from large brand partnerships to focus on the memecoin trend.
- The company previously collaborated with brands like McDonald's and Adidas to maintain relevance during market downturns.
- In 2022, Doodles raised $54 million at a valuation of $704 million for product development and acquisitions.
- Scott Martin, the original artist, is now the CEO, replacing Julian Holguin.
- Martin aims to distance Doodles from past corporate deals and plans to launch a memecoin named DOOD.
Doodles Joins the Memecoin Market
- DOOD will be launched on the Solana blockchain.
- The token's roadmap includes issuing 10 billion tokens connected to Base, Coinbase’s Ethereum layer-2 network.
- Future plans involve using DOOD tokens for interactive community-driven initiatives.
- Martin believes the current regulatory climate in the U.S. is favorable for launching such tokens.