How To Buy Your First Doodles NFT
- Doodles is a PFP project founded by Scott Martin, Jordan Castro, and Evan Keast
- The main utilities for holding a Doodles NFT are access to the Doodlebank, access to allowlist spots, and airdrops.
- Doodles holders were airdropped Dooplicators on May 12, 2022.
- Doodles is aiming to be the biggest brand in web3.
What Is Doodles?
Doodles is a collection of 10,000 pastel-colored NFT characters such as pickles, devils, ice creams, apes, and more on the Ethereum blockchain founded by Evan Keast, Burnt Toast, and Poopie. The collection was launched on October 16, 2021, not even four months after other notable NFT collections Bored Ape Yacht Club, Cool Cats, and Gutter Cat Gang.
The collection minted at a price of 0.123 ETH per NFT, but Doodles began trading for more than 1.0 ETH on the secondary market quickly after the project sold out.
After mint, the project also created the Doodlebank which is a Decentralized Autonomous Organization (DAO) where each Doodle you own acts as one vote you are able to cast in favor of or against a proposal.
While currently no longer accepting these proposals, the Doodlebank also allowed holders to vote on the approval of derivative collections that could use the project’s art style. To date, there are currently only two approved Doodles derivates - Noodles, and Pukenza created by Degen Art Club.
While Doodles has seemingly always traded above its initial mint price, it hasn't always been smooth sailing for the brand. Prior to launching, accusations were made that the art for the project was stolen, citing that the art looked strikingly similar to Extra Fabulous Comics. This was quickly debunked thanks to artist Burnt Toast, who had been creating art in this style for the better part of a decade.
Key Players in the Doodles Ecosystem
The founders of the Doodles - Keast, Toast, and Poopie, all had an extensive background in crypto and NFTs before creating the Doodles collection.
Keast was also previously employed by Dapper Labs before joining Castro in building the Doodles project.
The artist behind the collection, Burnt Toast, also known as Scott Martin, has been creating art pieces featuring the Doodles art style dating back to 2015. He has had sales of more than 15 ETH on his 1/1 art pieces.
Origins of Doodles
Burnt Toast had been creating Doodles-like art for more than a decade before linking up with Castro and Keast to turn his art into an NFT collection with the goal of scaling it into a global brand.
The brand has made progress on that goal, expanding its ecosystem by hiring known hip-hop artist Pharrel Willams as its Chief Design Officer and using “Doodles 2” to bring digital wearables and avatars to the mainstream with its Genesis Box and Dooplicator NFTs. For more on Doodles 2, read our guide What Is Doodles 2? Here’s Everything You Need to Know.
Prior to Doodles 2, the team first innovated with "Space Doodles," a unique mechanic that allowed users to wrap their Doodles NFT and create a seemingly "new NFT," which put their Doodle inside a spaceship. This innovation unfortunately cost some unsuspecting users in the beginning who assumed that the Space Doodles collection was a separate NFT.
Value of Doodles
Doodles burst onto the NFT scene, minting for 0.123 ETH and running to an all-time high floor price of 25 ETH at one point. The project stayed at or below 5 ETH prior to the start of 2022 but after the start of the new year, it did not take the project even three weeks to reach a 10 ETH floor price and has since never hit a single-digit ETH floor for an extended period of time.
While owning a Doodles NFT gets you voting rights to the Doodlebank it has also come with other perks. Holders of a Doodles NFT were able to claim a “Dooplicator” for free and the Dooplicator collection has yet to trade for less than $1,000. Holders also receive the ability to win presale spots through raffles for other projects that partner with the Doodles team.
The Doodles NFTs that depict a human-like character tend to be the cheapest in the collection but the rarer ones such as the Cat, Alien, and Skelly traits all trade at a premium. Each of the aforementioned traits has witnessed a sale of at least 150 ETH on OpenSea.
How to Buy Doodles
Users who wish to purchase a Doodles NFT can do so in just a few steps:
- Go to an NFT marketplace like as OpenSea, LooksRare, and X2Y2.
- Search for the Doodles collection on the chosen marketplace.
- Find the Doodles NFT that you want to add to your collection.
- Buy now!
After all of those steps have been completed, congratulations to the user as they now own their very own Doodles NFT.
It is worth noting that a user can also buy a previously mentioned Space Doodle as well as a Doodles NFT as the outcome of buying either will still end with the same result, owning a Doodles.