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Doodles NFT Secures $54M In A Seven Seven Six Led Funding Round
After staying quiet for the entire month of August, Doodles NFT finally broke the silence with a huge announcement. This time, the company has raised $54 million at a $704 million valuation, much to the delight of its fans.
Ankita K.
5:03 17th Sep, 2022
NFTs
  • Doodles NFT has raised $54 million at a $704 million valuation.
  • With this capital, Doodles will expand its IP throughout the music, culture, and entertainment industries.
  • Alexis Ohanian’s Seven Seven Six led the round, with participation from Acrew Capital, FTX Ventures, and 10T Holdings.

Doodles are ready to expand its reigns with a bigger war chest

Alexis Ohanian’s Seven Seven Six led the round, with participation from Acrew Capital, FTX Ventures, and 10T Holdings. Notably, Doodles will use this fund to expand its IP across the music, culture, and entertainment industries.

“Reimagining storytelling through the blockchain, Doodles is changing the way the world connects and interacts,” said Katelin Holloway, founding partner of Seven Seven Six.

“We’re so excited to partner with Doodles and the team as they continue transforming what the next generation of entertainment and media looks like.”

Indeed, transforming Doodles NFT into the largest Web3 media brand is something that Doodles CEO, Julian Holguin, has always wanted to achieve.

“With this capital, we aim to continue developing a new generation of engaging experiences and content using blockchain technology, including NFTs,” said Holguin.

“We’re thrilled to have Seven Seven Six believe in our vision to build the largest and most coveted Web3 media brand worldwide, bridging consumer, culture, and entertainment. Our mission is to redefine what it means to be a world-class intellectual property.”

Doodles is a joyful collection of 10,000 NFTs created by Jordan Castro, Evan Keast, and Burnt Toast in October 2021. With its attractive, pastel-hued avatars, it has become one of the hottest NFT collections to date.

Right now, Doodles is among the top 10 collections of all time by trading volume on OpenSea. Tons of high-profile individuals such as Gary Vee, Snoop Dogg, and Justin Bieber have aped in too. If this is your first time in Doodles, you may be surprised to know that Pharrell Williams is the firm’s Chief Brand Officer as well!

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