NFT project Doodles has released the DOOD token and introduced the DreamNet AI protocol
Date: 2025-05-12 Author: Henry Casey Categories: BUSINESS
On May 9, the NFT platform Doodles took an important step in the development of its ecosystem — the DOOD token was launched on the Solana blockchain. The distribution of the asset among users started at 16:05 Kyiv and Moscow time.
Large crypto exchanges immediately joined in supporting the new token, including Bybit, Bitget, KuCoin and Binance Alpha. However, despite the noticeable interest, the price of DOOD soon after the start of trading fell by 5% and amounted to about $0.0075, according to CoinGecko. There are 7.8 billion tokens in circulation out of a total issue of 10 billion.
As part of the tokenomics, Doodles provided for the distribution of 30% of all tokens among community members. Another 17% is allocated to the project team, and 25% will be used to develop the ecosystem through a special fund.
In parallel with the launch of DOOD, the team presented the decentralized DreamNet platform. This AI protocol will allow users to create stories and receive a reward in tokens if their content is used in animated or game products based on Doodles. According to The Block, the project is aimed at stimulating the creative activity of the community and monetizing digital content.
In addition, the launch of a new game called Lord of the Files was announced. This is an office survival simulator, where participants will be able to compete for a prize pool of 500,000 DOOD.
Against the backdrop of this news, it is worth noting that in the first quarter of 2025, the total NFT trading volume decreased by 24% compared to the end of 2024 - to $ 1.5 billion. At the same time, the Doodles collection accounted for $ 66.5 million, according to DappRadar analytics.
The new token and the launch of the DreamNet platform signal Doodles' intentions to establish a strong presence in the Web3 industry and engage its audience through financial incentives and game mechanics.
