According to DappRadar, Doodles sales are up 821% in the last 24 hours. Thus, the collection is in first place in this indicator with a volume of 867 ETH. CryptoPunks immediately follow it at 504 ETH and MAYC at 251 ETH.
It is worth noting that the crypto market is now in a deep bearish phase. Moreover, the market began to decline after yesterday’s announcement of the US inflation rate. High-risk assets, which include NFTs, are especially at risk at such times. When fear and panic reign in the market, sales volumes are usually not very high.
What, then, allowed Doodles to take a leading position in such a difficult period, even with a significant margin? The fact is that yesterday, on its official Twitter account, the project announced that Doodles had just received $54 million in equity provided by Reddit co-founder Alexis Ohanian. FTX Ventures, Seven Seven Six, 10T Holdings, and Acrew Capital contributed.
It was also Doodles’ first appearance on Twitter after an almost two-month hiatus. The community was waiting for news and information about the project’s development.
Doodles also engage collectors in future endeavors. Owners can commercialize their NFTs for up to $100,000 before licensing agreements are required. Moreover, the team hired holders as illustrators, demonstrating a commitment to integrating the community.
Doodles have caught the attention of famous NFT collectors such as Gary Vee, Snoop Dogg, Justin Bieber, Diplo, and Kygo, just to name a few. In June, the team announced that Pharrell Williams had become the new brand director. Doodles will launch several products in the next six months to bring NFT to the masses.
