At a valuation of $704 million, Doodles NFT raises $54 million.

doodles nft

Popular NFT assortment Doodles introduced the elevate of $54M at a $704M valuation, in its first funding spherical led by Seven Seven Six, with participation from 10T Holdings, Acrew Capital and FTX Ventures.

According to the announcement, the newly raised funds will enable Doodles “to scale its growth strategy and monetize their IP globally through ventures in music, culture and entertainment industries.”

Doodles can be looking out for high expertise in artistic, operational, and blockchain sectors, to help optimize their roadmap and streamline operations intending growth. 

Doodles will even finance product growth by means of acquisitions and its personal media, know-how, and collector experiences.

Doodle’s profession part is ready to launch 18 new full-time positions comprising: Head of Finance, Head of Business Affairs, Head of Marketing, Social Media Manager, Project Managers, Front-end Engineers, Back-end Engineers, Designers & Illustrators.

“This will grow our team from 11 to 30. All of these hires will be meticulously crafted to accomplish Doodles’ long-term goal of being the most important Web3 native entertainment brand in the world” the workforce tweeted.

The NFT assortment employed Brandon Rosenblatt because the Head of Brand Partnerships who has 12 years expertise working with Fortune 500 manufacturers and “having incubated and launched several apparel brands.”

In the upcoming six months, Doodles’ musical NFT mission will go dwell in collaboration with Columbia Records. The model solely disclosed that it concerned a tune with “an underlying adaptation experience” for NFT holders and that it will obtain radio play and streaming publicity.

In June, Doodles NFTs introduced the becoming a member of of Pharrell Williams as the brand new Chief Brand Officer. Williams is artistically molding the gathering’s viewpoint on music, art work, client merchandise, animation and occasions.

The firm’s recreation division, Space Doodles, would enable customers to purchase characters and animations with bank cards, as a substitute of cryptocurrency.

“With this capital, we aim to continue developing a new generation of engaging experiences and content using blockchain technology, including NFTs. Our mission is to redefine what it means to be a world class intellectual property” said Doodles CEO Julian Holguin.

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