Ethereum NFT Brand Doodles Launches Solana-Based DOOD Token

Highlights

Doodles NFT announces the launch of its official token, DOOD, on Solana.
DOOD will have a total supply of 10B with 68% allocated to the community.
With an initial launch on Solana, DOOD will be later bridged to Base.

In a surprising development, NFT brand Doodles announced the launch of its official token, DOOD, on the Solana blockchain. In addition to Solana, Doodles has plans to bridge the DOOD token to the Base network.

Doodles To Launch DOOD on Solana

In a recent X post, Ethereum NFT brand Doodles introduced its official token, DOOD. As per the announcement, the DOOD token will initially launch on the Solana network, with future expansion plans to Ethereum’s Layer-2 Base.

Notably, Doodles is a collection of 10,000 generative NFTs minted on the Ethereum blockchain. According to the X post, Doodles is an “onchain, world-building collective, driving billions of views across our animations, short films, and partnerships with the biggest brands in the world.”

Reportedly, Doodles will roll out DOOD with a supply of 10 billion tokens. Out of the total supply, 68% will be allocated to the Doodles community. To be specific, the platform allocates 30% to the community and reserves 25% for its ecosystem fund. The remaining DOOD tokens will be distributed among the team (17%), “new blood” (13%), liquidity (10%), and the company (5%).

Scott Martin Steps in as New CEO

In late January 2025, Scott Martin took the reins as the new CEO of Doodles. He wrote, “We’re moving to a vision with a strong bias for risk, disruption, radical transparency and the authenticity that made us who we are in the first place.”

i am stepping in as CEO of doodles

we’re moving to a vision with a strong bias for risk, disruption, radical transparency and the authenticity that made us who we are in the first place

ideas transform societies. today, the disruptors come in many forms: NFTs rewriting… pic.twitter.com/Mk7G22vTMI

— burnt toast (@burnttoast) January 28, 2025

Recently, Martin narrated the platform’s journey, explaining their struggle to please crypto-native holders. He stated, “We’re trying to be a bed and a couch. And ultimately, it’s uncomfortable.”

Based on his statements, it appears that the DOOD token launch is Doodle’s effort to re-engage with the community after a series of unsuccessful projects. Martin cited Doodles’ partnership with Rubik’s Cube as a failed strategy, where selling digital wearables for avatars was a misguided move.

Calling attention to the DOOD launch, Martin posited that the token would hit the market initially as a memecoin. However, he intends not to call it a memecoin. He further added that DOOD would evolve into a “utility coin” powering a gamified Doodles ecosystem, once US securities laws are navigated. The US Securities and Exchange Commission (SEC) is currently considering an overhaul of crypto regulations.

Doodle’s DOOD Follows Memecoin Frenzy

Notably, Doodle’s launch of DOOD coincides with the growing memecoin craze, amplified by the buzz around Donald Trump’s TRUMP token. Moreover, it also aligns with the rising memecoin trend in the NFT market, with Doodles joining popular projects like Pudgy Penguins and Azuki.

In December 2024, Pudgy Penguins launched its memecoin, PENGU, sparking widespread attention. Soon, the PENGU token skyrocketed in value, yielding substantial profits for investors. Similarly, in January 2025, Azuki announced the launch of its cryptocurrency, ANIME.

Recommended
Price Analysis

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Nynu V Jamal

Nynu V Jamal is a Senior Journalist at CoinGape. She boasts more than 3 years of experience in content writing, with expertise in crypto and blockchain. She has contributed to platforms like CoinEdition and CryptoTale, demonstrating her proficiency in navigating the dynamic crypto landscape. Beyond her journalistic pursuits, Nynu is a literary enthusiast, having served as an Assistant Professor of English Language and Literature. She is a Master's degree holder in English Literature and a UGC NET qualifier. Her academic background has enabled her to publish research papers on literature, while also nurturing her creative side as a published poet. Her creative side extends to music, crafts, and art, which she actively explores. Her unique blend of analytical and creative skills allows her to craft engaging stories that captivate audiences. Stay updated with Nynu on LinkedIn

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.