Doodles NFT Project Launches Token and Holds Airdrop

On May 9, NFT-project Doodles released a native DOOD token on the Solana blockchain. At 3 pm CET, the announced distribution of the asset to users began.

Several platforms have announced their support for DOOD, including Bybit, Bitget, Binance Alpha and KuCoin.

According to CoinGecko, the Doodles token quote slipped about 5% to $0.0075 after trading began. There are 7.8 billion DOOD in market circulation out of a total issue of 10 billion.

Tokenomics stipulates that 30% of the coin supply will be allocated to the community, 17% will be received by the team, and 25% will form an ecosystem fund.

Along with the token, the project unveiled DreamNet, a decentralized protocol for AI-powered ”story creation,” The Block reports. Users will be rewarded with DOOD for having their creativity used in games and animations on the platform.

The Doodles team also launched an office survival game Lord of the Files with a prize pool of 500,000 DOOD.

What Is Doodles NFT?

Before there was DOOD, there was Doodles: a 10,000-piece generative NFT collection that launched in October 2021 and quickly became one of the most beloved projects in Web3. With its vibrant pastel palette, hand-drawn characters, and instantly recognizable aesthetic, Doodles captured the hearts (and wallets) of collectors across the globe.

Each NFT in the original Doodles collection is a unique, programmatically generated profile picture (PFP), combining various traits like hats, hair, backgrounds, and accessories. From cats in space suits to skaters in banana suits, the charm of Doodles lies in its playful absurdity.

But the art was just the start. The real innovation came from its community-first approach. Doodles NFT holders were given early governance rights, including voting on roadmap proposals and treasury allocations. This participatory model became a cornerstone of the brand and helped foster one of the most loyal communities in the NFT space.

Unlike many projects that peaked during the NFT hype and faded, Doodles evolved - pivoting from a collectible to a Web3 entertainment brand with games, music, wearables, real-world events, and now a full-featured ecosystem token.

In many ways, Doodles NFTs laid the foundation for DOOD. They have evolved beyond digital art to become passports into an expanding universe of creativity, interactivity, and ownership.