Doodles on Tuesday disclosed its $54M incoming funds at the valuation of $704M
Doodles plans to make its mark in the entertainment industry after Doodles collection crossed 148,000 ETH on OpenSea
By Shashank Bhardwaj
Major NFT projects platform Doodles has recently announced its new valuation at $704 mn after the fundraising round led by Seven Seven Six which is a venture capital firm by Alexis Ohanian, co-founder of Reddit. The fundraising round had the participation of 10T Holdings, Acrew Capitals and FTX Ventures. This fundraising round was meant for Doodles to enhance its growth strategy and scale into the NFT projects market.
Doodles now plans on moving into capitalisation of music ventures, cultural ventures and the ones from the entertainment industry; in addition to earlier NFT projects, Doodles will allocate the funds to target audiences from various niches.
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