Doodles launches DOOD token and introduces DreamNet
May 12, 2025
On May 9, the NFT project Doodles launched its native token DOOD on the Solana blockchain, marking a new chapter in the project's development. At 16:05 (Kyiv time), the announced distribution of the asset among users began, becoming a much-anticipated event for fans of the collection.
Exchange Support and Initial Price Fluctuations
Immediately after the token launch, major platforms such as Bybit, Bitget, Binance Alpha, and KuCoin announced their support. This allowed the token to quickly enter circulation and receive initial evaluations from traders.
However, according to CoinGecko, after the start of trading, the value of DOOD slightly decreased—approximately by 5%, dropping to $0.0075. At the moment, 7.8 billion DOOD are in market circulation out of a total supply of 10 billion.
The project's tokenomics provides the following distribution: 30% of the total supply is allocated to the community, 17% goes to the project team, and another 25% will be used to form an ecosystem fund.
Launch of DreamNet and the New Game Lord of the Files
Alongside the token launch, the Doodles team introduced DreamNet — a decentralized protocol based on artificial intelligence that allows for the creation of stories in the Web3 format. DOOD token holders will be able to earn rewards for using their creative content in games and animation projects on the platform.
Additionally, Doodles launched the survival office game Lord of the Files with a prize pool of 500,000 DOOD. This new interactive format engages the community in active interaction and content creation based on the DreamNet protocol.
It is worth noting that in the first quarter of 2025, NFT trading volumes dropped by 24% compared to the last quarter of 2024, reaching $1.5 billion. Of this amount, the Doodles collection accounted for $66.5 million, according to a report from DappRadar.
The launch of DOOD and DreamNet could become a new push for the development of the Doodles ecosystem, attracting new users and expanding the possibilities of using NFTs in the virtual space.