Source: Coinspeaker
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Doodles Plans to Launch DOOD Memecoin After Dropping Brand Partnerships

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1 min

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.

Original publication

Authors credited by the source: Godfrey Benjamin

Published by Holder based on an external source.