NFT project Doodles has launched its token DOOD on Solana, several exchanges will support the token and the token airdrop claim is now available.
Exchanges that will support DOOD include Bybit, Binance Alpha, Gate, KuCoin, and MEXC, with more platforms to come, a Doodles spokesperson confirmed to The Block.
Launching alongside DOOD is DreamNet, a decentralized protocol for AI-powered storytelling. Users can create characters and story worlds within DreamNet and will earn fees in DOOD if their creations are used in other games or animations on the protocol.
Doodles has also launched an office-based survival game called "Lord of the Files" in which users must compete against each other for a pot of 500,000 DOOD.
"DOOD will be embedded into everything we do, from DreamNet and product integrations to gaming and creative participation," Doodles CEO Scott Martin said in an email. "One of the first token powered experiences is Lord of the Files, a social game that lives entirely on X. We’re excited about that!"
Announced in February, DOOD will have a total supply of 10 billion. The Doodles community will get 30%, an ecosystem fund will nab 25%, the team will keep 17%, and "New Blood" will get 13%, with the remaining 10% for liquidity and 5% for the company, as part of a broader narrative-driven token distribution plan, The Block previously reported.
After launching on Solana, Doodles intends to launch DOOD on Base.
"We’ve always believed in creating a space where people can escape and connect at the same time," Martin said in a statement. "Launching $DOOD on Solana is a huge step toward making that future real. It’s about giving more people a real stake in the worlds we’re creating, and using tech to bring art, ownership, and imagination closer together."
Doodles is a collection of 10,000 cartoon image collectibles launched in October 2021. The floor price of a Doodles NFT now sits at 3.37 ETH (about $8,000), with the project bringing in $4 million in trading volume since May 9, according to Block's Data Dashboard.
