- Doodles is launching its $DOOD token on Solana’s DreamNet protocol, aiming to expand its ecosystem through character creation, avatar customization, and governance with a 10 billion token supply.
- The airdrop strategy allocates 43% of the total $DOOD supply, rewarding Doodles ecosystem holders and Solana-native partners, but has sparked backlash from some long-term supporters feeling overlooked.
- Despite mixed reactions, Doodles NFTs saw a 350% trading volume surge leading up to the airdrop, indicating sustained market interest despite controversy over airdrop allocation.
Doodles, a Web3 powerhouse known for its vibrant art and immersive experiences, is ready to take its ecosystem to the next level with the launch of its highly anticipated $DOOD token. After months of speculation and excitement, the token is set to drop tomorrow, marking a significant milestone in the project’s evolution. So, let us dive into the details and explore what $DOOD is all about.
Overview of Doodles
Since its launch in October 2021, Doodles has captivated audiences with its vibrant and whimsical creations. Spearheaded by the visionary artist Scott Martin, known affectionately as Burnt Toast, Doodles has transcended its origins as a mere NFT project to become a cultural phenomenon.
What sets Doodles apart is not just its playful characters and colorful backgrounds, but its commitment to immersive storytelling. From live events to digital experiences, Doodles has carved out a niche as a next-generation entertainment company, enriching lives and spreading joy along the way.
Introducing $DOOD
$DOOD is set to be the native token powering Doodles’ new DreamNet protocol, launching on May 9 on Solana. With a total supply of 10 billion tokens, $DOOD is designed to fuel a decentralized ecosystem where community-driven storytelling and creative contributions
are rewarded. The token is central to how users interact with the Doodles universe, from minting characters and narrative worlds to unlocking exclusive content and experiences.
The token will carry several core functions after launch, including:
- Creating Onchain Characters and Worlds – Use $DOOD to bring new characters and narrative settings to life within the DreamNet framework.
- Avatar Customization and Exclusive Content – Unlock wearables, animations, and limited seasonal items for Doodles 2 avatars.
- Governance and Gated Access – Vote on ecosystem proposals and gain entry to exclusive events, tools, and features.
Airdrop and Eligibility
$DOOD is set to launch on May 9, with 43% of the total supply allocated for airdrops. This includes:
- 30% for Doodles ecosystem holders, including OG Doodles, Dooplicators, and Space Doodles (snapshot taken March 31).
- 13% for Solana-native partner communities like BonkBot, Bonk, and Solana Mobile (snapshot taken May 6).
What’s the Reaction Like?
The launch of Doodles’ $DOOD token has elicited a mixed response from the NFT community. While the initiative aims to expand the Doodles ecosystem and introduce new participants through the “New Blood” program, some long-standing supporters feel sidelined.
Critics argue that none of the partner NFT projects were rewarded, with the majority of airdrop allocations going to active traders and memecoin speculators. This has left loyal collectors who supported the Doodles ecosystem or held assets long-term feeling overlooked.
However, despite the frustration, it is worth noting that Doodles NFTs saw a 350%+ spike in trading volume leading up to the airdrop. This surge in activity suggests that demand for the project remains strong, even amid the controversy.
Final Thoughts
In conclusion, the launch of $DOOD represents a bold new chapter for Doodles as it expands its universe and embraces new participants. And while the airdrop strategy has sparked debate, the project’s continued evolution and strong market demand indicate that the Doodles ecosystem is far from slowing down. So, as the dust settles, it will be interesting to see how the community responds in the long run and whether the token’s utility can bridge the gap between old supporters and new entrants.Explore more about Doodles through its Twitter.
