The vague signal shocked the community, and the market value of Doodles once surged
Doodles, which became famous in the NFT market with its unique cartoon style, once again attracted market attention today. Co-founder and artist Burnt Toast (real name Scott Martin) posted an intriguing message on the social platform X: "take ownership, keep evolving new ideas, shape communities, open minds, inspire new growth." Community observers soon discovered that the beginning letters of these short sentences happened to be "token is coming" (tokens are coming), triggering speculation that Doodles was preparing to issue its own token.
Image source: X Doodles co-founder and artist Burnt Toast posted a post on X hinting that the coin is about to be issued?
The market reacted quickly to this clue, and the floor price of Doodles surged after the news spread. It once soared from about 4.3 $ETH to 7.68 $ETH, an increase of nearly 80%. Data shows that the transaction volume of Doodles has also increased significantly within 24 hours, indicating that investors have strong expectations for the possible launch of tokens by this NFT project. As a result, Doodles' market capitalization once again ranks at the forefront of the NFT industry, currently approximately US$220 million, solidifying its influence in the NFT market.
Image source: OpenSea Doodles NFT basic information
The currency issuance trend sweeps the NFT industry, and Pudgy Penguins takes the lead
If Doodles really plans to issue tokens, it would not be the first time. Previously, another veteran NFT project, Pudgy Penguins, had taken the lead in issuing $PENGU tokens, sparking a wave of discussion in the community. Although $PENGU faced a 50% downward revision after its initial rise, this move still shows that NFT projects have become a new trend in expanding the ecosystem and increasing community stickiness through the issuance of tokens.
It is speculated that Doodles’ move may mean that its ecosystem will be further expanded, allowing tokens to play a key role in NFTs, physical cooperation products, and even metaverse experiences. It is worth noting that this year, Doodles has cooperated with traditional brands such as McDonald's, Adidas, and Crocs across industries. Not only did it print artistic works on McCafé holiday cups, it also released limited edition clothing, toys, and digital experiences, actively opening up the communication between NFT and physical culture. pipeline. The emergence of tokens may further connect these diverse scenarios.
Further reading
Debut on 11/18! McDonald's and Doodles launch joint cup, super cute design first exposed
Source: McDonald's McDonald's has launched a joint collaboration with the well-known Web3 brand Doodles to launch a limited series of festive products with the theme of "GM Spread Joy"
As the crypto market warms up, can NFTs regain momentum?
In the bull market atmosphere of Bitcoin breaking through all-time highs, the crypto industry has seen a lot of good news. However, the overall trading enthusiasm of the NFT market has been relatively sluggish in recent months. Existing signs show that if established projects such as Doodles can use currency issuance and cross-border strategies as catalysts, it is expected to once again arouse the interest of collectors and investors. The successful "pioneer demonstration" of Pudgy Penguins has allowed the market to see the feasibility of NFT projects using their own tokens to create a closed-loop ecosystem, which also makes the currency issuance information reported by Doodles particularly intriguing.
Overall, if Doodles can launch a complete set of community incentives and ecological interaction mechanisms through tokens, it will inject fresh momentum into the NFT market. Investors and players are paying close attention to the next official announcement of Doodles; it remains to be seen whether the token, once launched, can really expand NFT application scenarios, restore market confidence, and continue to push up prices. However, the news has added to the buzz in the NFT market, showing that in the unpredictable crypto world, established projects can still bloom new vitality with innovative strategies.
[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions contained in this article are appropriate for their particular circumstances. Invest accordingly and do so at your own risk.
"Following the fat penguin?" Doodles NFT hints that coins will be issued, and the floor price soars by 80%! 』This article was first published in "CryptoCity"
