NFT Creator Doodles Raised $54M in Funding at $704M Valuation

Doodles revealed on Tuesday that it had secured $54 million at a $704 million value in a fundraising round headed by Seven Seven Six, with participation from 10T Holdings, Acrew Capital, and FTX Ventures. The creator stated that the funding would enable it to develop its business plan and monetize its intellectual property on a wide scale through operations in the music, cultural, and entertainment sectors. We’re thrilled to announce that Doodles has raised $54M at a $704M valuation.https://t.co/XCTphrxpR9@sevensevensix @10TFund @AcrewCapital @FTX_Official — doodles (@doodles) September 13, 2022 NFTs are digital assets that indicate ownership of real or imaginary assets. The fundraising campaign comes amid a bear crypto market that has squeezed prices on the market for NFTs, which are digital assets like music and images that have smart contracts to demonstrate their authenticity. Doodles – Set Of 10,000 NFTs Doodles is a set of 10,000 NFTs established by Burnt Toast, a digital artist, and Evan Keast and Jordan Castro, Web3 pioneers. It is renowned for its vibrant universe and happy cartoon character images of mascots, cats, aliens, apes, and skeletons generated on the Ethereum blockchain. The NFTs in the collection were made manually by using hundreds of attributes. Southwest Music Festival Doodles offered its NFT holders an exclusive opportunity to attend the Southwest music festival in Texas earlier in March. Katelin Hollow...