What is Doodles? From NFT Collection to Web3 Entertainment Giant
Doodles is a Web3 entertainment brand and multimedia franchise that has successfully evolved from its origins as a 10,000-piece NFT collection launched in 2021. The project has transformed into a comprehensive ecosystem that integrates storytelling, animation, music, and gaming under one unified brand identity. The colorful, hand-drawn aesthetic created by artist Scott Martin, known as Burnt Toast, has become one of the most recognizable visual identities in the NFT space.
Central to the Doodles ecosystem is the DOOD token, which launched in May 2025 on the Solana blockchain. DOOD serves as both the utility and governance backbone for the entire ecosystem, acting as what the team calls the "currency of creativity" within the Doodles universe. The token enables community participation in storytelling, rewards creative contributions, and provides governance rights to holders who want to shape the project's future direction.
Under the leadership of CEO Scott Martin and Chief Brand Officer Pharrell Williams, Doodles has positioned itself as more than just another NFT project. The team focuses on immersive transmedia storytelling through proprietary technologies called "DreamNet" and "DreamOS" that enable decentralized world-building and narrative development across multiple platforms and media formats.
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Who Founded Doodles?
Doodles was founded by three individuals who brought complementary skills to the project. Evan Keast and Jordan Castro provided the business and strategic vision, while Scott Martin, known in the community as Burnt Toast, contributed his distinctive artistic style that defines the brand's visual identity. Martin's colorful, whimsical illustrations became the foundation upon which the entire Doodles universe was built.
The project gained significant mainstream credibility when Pharrell Williams joined as Chief Brand Officer. The Grammy-winning musician and cultural icon brought extensive experience in brand building and entertainment industry connections that few crypto projects can match. His involvement signaled that Doodles intended to compete not just within Web3, but in the broader entertainment landscape.
Doodles Leadership Evolution: Why the Artist Became CEO
In early 2025, Scott Martin transitioned from his role as the creative visionary to become CEO of Doodles. This move placed the original artist at the helm of business operations, ensuring that creative direction remained central to strategic decisions. The leadership structure reflects the project's commitment to maintaining artistic integrity while pursuing commercial expansion across multiple industries and platforms.
Doodles Funding and Valuation: $54M Raise and $700M Vision
Doodles has attracted significant venture capital investment that enabled its expansion from an NFT collection into a multimedia franchise. The project raised $54 million in 2022 in a funding round led by Seven Seven Six (776), the venture fund founded by Reddit co-founder Alexis Ohanian. This round valued Doodles at $704 million, placing it among the highest-valued NFT projects at that time.
The investor roster included notable names beyond the lead investor. 10T Holdings, Acrew Capital, and FTX Ventures all participated in the round, providing both capital and strategic connections to accelerate growth. The involvement of mainstream venture capital firms demonstrated confidence in Doodles' potential to transcend the NFT market and compete in traditional entertainment.
The funding has been deployed toward building out the ecosystem infrastructure, acquiring creative talent, and establishing partnerships with major consumer brands. The acquisition of Golden Wolf, an Emmy-nominated animation studio, represented a significant use of capital that brought professional content production capabilities in-house rather than relying on external studios.
How Doodles Expanded Beyond NFTs Into a Full Media Brand
In 2023, the Doodles leadership made a pivotal announcement that signaled a fundamental shift in strategy. The team stated that Doodles was "no longer an 'NFT project,'" which was later clarified to mean the project was "not just an NFT project." This messaging reflected the expanded vision that had been developing since the initial NFT launch.
The brand now operates on three core pillars that extend far beyond digital collectibles. Character IP development focuses on building a narrative universe centered on main characters like Hap and Mello, who serve as protagonists in an expanding fictional world. Products and experiences include "phygital" goods that bridge digital and physical ownership, vinyl figurines, and branded apparel. Transmedia storytelling leverages the acquired Golden Wolf animation studio to produce original content across both digital and physical platforms.
Why Doodles Acquired Golden Wolf and What It Unlocks
The acquisition of Golden Wolf brought Emmy-nominated animation capabilities directly under the Doodles umbrella. This studio acquisition was strategic because it enabled the team to control the quality and timeline of content production without depending on external partners. Golden Wolf's experience in creating professional-grade animation aligned perfectly with Doodles' ambition to compete with traditional entertainment properties rather than remaining purely in the crypto space.
DOOD Token Price, Market Cap, and Key Trading Metrics
The DOOD token launched in May 2025 on the Solana blockchain, establishing the economic foundation for the entire Doodles ecosystem. The token has experienced typical crypto market volatility since launch while maintaining an active trading presence across multiple exchanges.
| Metric | Value |
| Current DOOD Price | $0.0048 |
| 24H Change | +2.82% |
| All-Time High | $0.0180 |
| All-Time Low | $0.0020 |
| Market Capitalization | $37.588M |
| Fully Diluted Valuation | $48.08M |
| 24H Trading Volume | $6M |
| Circulating Supply | 7,800M (78%) |
| Total Supply | 10,000M |
The current price of $0.0048 represents a significant decline from the all-time high of $0.0180, reflecting approximately 73% drawdown from peak levels. The token has recovered substantially from its all-time low of $0.0020, demonstrating that buyers have found value at lower price levels. Trading volume of $6 million in 24 hours indicates healthy market activity and liquidity for a project of this market capitalization size.
DOOD Tokenomics Explained: Allocation, Vesting, and Incentives
The DOOD tokenomics were designed to heavily weight allocation toward community incentivization and ecosystem growth rather than concentrating supply with insiders. This distribution strategy reflects the project's stated values of community ownership and decentralized creative participation.
DOOD tokenomics and distribution, image source: Doodles
Doodles Community (30%)
Represents the largest single allocation, rewarding existing NFT holders who supported the project from its early stages. This allocation acknowledges that original collectors took risk on the project before it achieved mainstream recognition and brand partnerships.
Ecosystem Fund (25%)
It is dedicated to fostering future growth and brand initiatives. This substantial reserve provides flexibility for the team to fund new developments, partnerships, and community programs as opportunities arise without requiring additional fundraising.
Team (17%)
It is subject to a 1-year lockup followed by a 3-year vesting schedule. This extended vesting period aligns team incentives with long-term project success rather than short-term price appreciation.
New Blood (13%)
It is reserved specifically for Solana-native users and partner communities to expand the user base beyond the original Ethereum NFT holder community. This allocation represents a strategic decision to grow the ecosystem by welcoming new participants.
Liquidity (10%)
It is reserved for exchange liquidity provision, ensuring that DOOD can be traded efficiently with minimal slippage across supported platforms.
Company (5%)
It is retained by the central Doodles entity for operational purposes and represents the smallest allocation category.
How DreamNet and DreamOS Power Doodles World Building
DreamNet serves as the underlying "world-building protocol" of the Doodles universe. The system enables decentralized storytelling by allowing the community to tokenize narrative elements and collectively build what the team describes as a shared "canon." This approach to content creation distributes creative authority across the community rather than concentrating it entirely with the founding team.
Creative exhale, image source: @doodles on X
DOOD tokens function as the mechanism to track, incentivize, and reward creative contributions within DreamNet. When community members contribute story elements, character developments, or other narrative content that becomes part of the official Doodles universe, they can be recognized and rewarded through the token system. This creates economic incentives for high-quality creative participation.
DreamOS operates as the operating system layer that enables users to interact with the DreamNet protocol and the broader Doodles ecosystem. Together, these technologies represent the project's ambition to create infrastructure for decentralized entertainment rather than simply producing content through traditional centralized methods.
What Is Doodles 2 and The Stoodio? Mass Market Expansion Explained
Built on the Flow blockchain, The Stoodio serves as the primary collector hub for the Doodles ecosystem. This platform hosts Doodles 2, a character builder that enables mass-market customization of digital identities through wearables and accessories. The system was designed to expand access to the Doodles aesthetic beyond the limited 10,000 original NFTs.
Key Stoodio Components: Dooplicators and Genesis Boxes
Dooplicators are special devices that holders can use to create rare wearables for Doodles 2 avatars. These wearables are based on traits from the original OG NFT collection, creating a connection between first-generation collectors and the expanded Doodles 2 system. The mechanism rewards early supporters while generating new content for the broader ecosystem.
The Dooplicator, image source: Doodles
Genesis Boxes contain randomized digital wearables including headwear, accessories, tops, and other customization options. These boxes provide a discovery element to the Doodles 2 experience, allowing users to collect and trade items that personalize their digital identities within the ecosystem.
The choice to build The Stoodio on Flow rather than Ethereum reflected practical considerations around transaction costs and speed for frequent interactions like swapping wearables. Flow's architecture suited the high-frequency, low-value transactions that a customization platform generates.
Doodles Multi Chain Strategy: Ethereum, Solana, and Base
Doodles began as an Ethereum-based NFT project, with the original 10,000-piece collection minted and traded on the Ethereum blockchain. The project has since adopted a multi-chain approach to leverage the specific advantages of different blockchain platforms for different use cases within the ecosystem.
The DOOD token launched on Solana to utilize that network's high processing speeds and low fees for micro-transactions. Activities like swapping wearables, participating in governance votes, and other frequent interactions benefit from Solana's low transaction costs that would be prohibitive on Ethereum mainnet. This choice prioritized user experience over ecosystem loyalty to a single chain.
The project has bridged DOOD to Base, an Ethereum Layer 2 solution, to maintain connectivity with the Ethereum DeFi and NFT ecosystem. This bridge will allow DOOD holders to participate in Ethereum-based activities while still benefiting from lower transaction costs than mainnet. The multi-chain strategy reflects a pragmatic approach to blockchain selection based on specific use case requirements rather than ideological commitment to any single platform.
How Doodles Governance Works: Community Control and Oversight
Doodles maintains a sophisticated governance structure designed to empower token and NFT holders with meaningful participation in project direction. The system includes multiple mechanisms for community input, funding allocation, and oversight of team decisions.
The Inkubator: How Doodles Funds Community Projects
The Inkubator, formerly known as Doodlebank, operates as a community launchpad that provides grants to OG holders pursuing creative and entrepreneurial ideas. The program has distributed over $300,000 in grants to date, funding projects that expand the Doodles ecosystem through community-driven initiatives. This approach distributes innovation across the community rather than relying solely on the core team for new ideas.
Inkubator, Community Council, image source: Doodles
Community Council: How Holders Influence Doodles Decisions
The Community Council serves as a governing body that advocates for holder interests in discussions with the Doodles team. Members are selected based on community input, creating a representative structure that can communicate collective priorities and concerns. The Council provides a formal channel for community perspectives to influence strategic decisions.
Doodles Watch: Transparency Layer for Community Governance
Doodles Watch represents an independent board observer role elected directly by the community rather than appointed by the team. This position exists specifically to ensure transparency and alignment between the Community Council and the broader community. The observer can monitor Council activities and report back to holders, creating accountability within the governance system.
Doodles Brand Partnerships
Doodles has engaged in high-profile collaborations with major consumer brands to integrate its visual identity into global markets. These partnerships extend the brand's reach far beyond the crypto-native audience and generate recognition among mainstream consumers who may never interact with blockchain technology directly.
Doodles x Adidas and Humanrace: Pharrell Led Collab Explained
The "Pharrell Pack" collaboration integrated digital wearables with physical Adidas Samba sneakers through Pharrell Williams' Humanrace brand. This partnership leveraged Williams' dual role as Doodles Chief Brand Officer and founder of Humanrace to create authentic integration between the brands. Collectors could own both physical sneakers and corresponding digital assets that worked within the Doodles ecosystem.
Doodles x Crocs: Physical and Digital Product Integration
Doodles executed a 360-degree campaign with Crocs that included physical clogs, Jibbitz charms, and digital apparel. This comprehensive approach demonstrated the project's ability to develop integrated physical and digital product lines rather than treating them as separate categories. The Crocs collaboration particularly succeeded in reaching younger demographics that aligned with both brands' playful aesthetics.
Doodles x G Shock: From NFT Art to Timepieces
A limited-edition timepiece and capsule collection designed by Burnt Toast for G-Shock brought Doodles artwork to the watch market. This collaboration highlighted the versatility of the Doodles visual identity across product categories and the personal brand value of Scott Martin as an artist whose work commands attention from traditional consumer goods companies.
Doodles x McDonalds: Mainstream Brand Breakthrough
In 2024, Doodles partnered with McDonald's for a collaboration that featured animated content and branded physical products including coffee cups. This partnership brought Doodles artwork to one of the world's most recognized restaurant brands, exposing the visual identity to millions of customers globally. The collaboration demonstrated that NFT-originated IP could achieve placement alongside traditional entertainment properties.
Doodles vs. Pudgy Penguins: Premium IP or Mass Market Scale?
In the landscape of "Community IP" tokens, Doodles is frequently compared to Pudgy Penguins and its PENGU token. Both projects originated as PFP NFT collections and have expanded into broader ecosystem plays, but they pursue distinctly different strategies for growth and market positioning.
Pudgy Penguins has achieved notable success in mass-market retail integration, most prominently through toy distribution in Walmart stores. This strategy prioritizes physical product volume and mainstream retail presence as the primary growth vector. The approach has generated significant revenue and brand awareness among consumers who purchase products without any connection to cryptocurrency or NFTs.
Doodles has instead focused on what the team describes as a "blue-chip," artist-first approach. The strategy prioritizes curated narrative development through the DreamNet world-building protocol rather than maximizing physical product volume. Doodles positions itself as a premium entertainment brand rather than a mass-market merchandise play.
Neither approach is inherently superior, as they target different market opportunities and reflect different visions for what NFT-originated IP can become. Pudgy Penguins bets on accessibility and retail penetration, while Doodles bets on depth of creative universe and premium brand positioning.
"Me after I escape the mental hospital", image source: @doodles on X
What’s Next for Doodles? Roadmap, Risks, and Growth Catalysts
The Doodles roadmap focuses on deepening the DreamNet protocol's capabilities and expanding content production through Golden Wolf studio. The team aims to produce original animated content that can compete with traditional entertainment properties while maintaining the decentralized creative participation that distinguishes the project from conventional media companies.
The planned bridge of DOOD to Base expanded the token's utility within the Ethereum ecosystem while maintaining the Solana-based infrastructure for high-frequency transactions. This multi-chain future positions Doodles to participate in DeFi opportunities across multiple networks rather than being limited to a single blockchain's ecosystem.
Brand partnerships will likely continue as a key growth strategy, with the McDonald's, Adidas, Crocs, and G-Shock collaborations establishing templates for future deals. Each successful partnership builds credibility for subsequent negotiations with other major consumer brands considering Web3 integration for their marketing and product strategies.
The governance mechanisms including The Inkubator, Community Council, and Doodles Watch will continue evolving as the community gains experience with decentralized decision-making. The $300,000 already distributed through grants represents early experimentation with community-funded innovation that may scale significantly if successful projects demonstrate return on investment.
For advanced users evaluating DOOD, the key metrics to monitor include trading volume trends, new wallet adoption on Solana, governance participation rates, and announcement of new brand partnerships. The project's success depends on converting the substantial venture funding and brand partnerships into sustainable ecosystem growth that supports long-term token value rather than short-term speculation.