Doodles, the Ethereum-based NFT collection, is on fire.
After the announcement of a $54 million funding round, Doodles’ sales volume spiked by over 1,000% in a matter of just a few hours earlier this week. Doodles’ record-breaking traction comes despite a slowdown in the NFT market.from DappRadar, the project’s volume was recorded to be $2.48 million, with an uptick of 1028.34% on a 24-hour scale mid-week.
With the latest capital infusion, Doodles revealed plans to ramp up its growth strategy and monetize its intellectual property globally, with the help of ventures in the music, culture, and entertainment industries. The company also plans to use its proceeds to onboard a team of engineers, marketers, business executives, and creatives.
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