Doodles defy the market with a $54 million funding round

Amid the unprecedented upheaval of the Ethereum network, the colorful side of the industry continues to evolve. As a result, the mind-bending psychedelic NFT collection, DoodlesIt raised $54 million in funding, bringing the company’s total valuation to $704 million.

Doodles raised most of its funding through Future Thinking Venture Capital. Seven seven sixAdditional support from the likes of 10T Holdings, Acrew Capital and FTX Ventures. All this while demonstrating the huge investment potential that encompasses the NFT industry.

Going forward, Mighty Doodles will use the funds to expand its business in all directions, exploring opportunities in the music, culture and entertainment sectors to achieve this. He will also hire 19 more employees to move his dream forward. So, lovers of all things pastel can keep an eye on the Doodles website for the upcoming ‘Job Opportunities’ section.

Sales activity following the announcement A collection of doodles It has grown by 700%, the floor price remains the same and is currently at a healthy 7.15 ETH. Overall, marking a key milestone in the growth of Doodles, one of the top collections in the NFT space.

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*All investment/funding opinions expressed on NFT Plazas are derived from the personal research and experience of our site moderators and are intended as educational material only. Individuals should thoroughly research any product before making any investment.

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