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Home” NFTs” Doodles NFT collection teases possible token launch
by
Estefano Gomez
Dec. 19, 2024
Doodles creator posts puzzling message on platform X, stimulating speculation about a possible token launch.
Image: Doodles
Secret Takeaways
- Doodles NFT collection’s flooring rate increased considerably following tips of a token launch.
- The prospective token launch follows previous partnerships with McDonald’s, Adidas, and Crocs, broadening Doodles beyond the crypto area.
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Doodles creator Burnt Toast has actually meant a possible token launch for the NFT collection in a post on X.
take ownership, keep developing originalities, shape neighborhoods, open minds, motivate brand-new development pic.twitter.com/iEBabGfwh3
— scorched toast (@burnttoast) December 19, 2024
Creator Scott Martin, likewise referred to as Burnt Toast, published a puzzling message on platform X previously today:
take ownership, keep progressing originalities, shape neighborhoods, open minds, motivate brand-new development”
Neighborhood members rapidly kept in mind that the very first letters of each expression spell “ token is coming sustaining speculation about the launch of a token for the job.
This buzz equated into market activity, with the collection’ s flooring cost increasing from 4.3 ETH to 6.5 ETH, according to CoinGecko information.
With this rise, Doodles has actually sealed its position as the sixth-largest NFT collection by market cap, valued at $220 million.
The buzz around a prospective token launch begins the heels of Doodles’ current cooperation with McDonald s, which introduced simply a month earlier.
The collaboration, entitled “ GM Spread Joy, functions Doodles art work on over 100 million limited-edition McCafé vacation cups, readily available at McDonald’ s areas throughout the United States.
In addition to its McDonald’ s partnership, Doodles has actually likewise partnered with significant brand names like Adidas and Crocs to launch special clothing, toys, and online digital experiences.
The relocation by Doodles mirrors a wider pattern of NFT collections introducing native tokens to broaden their communities.
Pudgy Penguins, for example, just recently introduced their token, PENGU, which saw a preliminary rise however dropped over 50% quickly after its airdrop.
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