In preparation for its next big drop, Doodles is moving its operations to the Flow blockchain.
Doodles announced today that its upcoming massive Doodles 2 project will launch on Flow, the Web3 platform best known for hosting nonfiction sports initiatives like the National Football League’s All Day and the NBA’s Top Shot. .
The sequel, Doodles 2, debuted at 1 p.m NFT NYC event in June last year.
It is reported to cover millions of NFTs, compared to the 10,000 avatars included in the initial Doodles series. Nevertheless, it retains the pastel and cartoonish look of the first series and the artist who created it, Scott “Burnt Toast” Martin.
Owners of NFTs have the ability to endlessly personalize their avatars for use in gaming, social media and other contexts. Owners of Doodles 2 NFTs will now be able to change their avatar’s appearance in a variety of ways, including body, clothing, expressions and accessories.
Doodles said in a press release that it will offer digital wearables for NFT avatars “through limited edition IRL drops related to special events and brand partnerships.” Once the items are released, they will be tradable on the Gaia Marketplace which is available on Flow.
New zero gas fee policy forces Doodles 2 out of Ethereum.
Doodles 2 will debut on a separate blockchain platform from Ethereum because of the customization feature Ethereum Mainnet transactions can incur huge network gas costs. This was announced by the company at NFT NYC. Some in the NFT circle speculated that it might be Solana, while others thought it might be Polygon.
Flo’s selection came as a surprise, and represents a victory for Dapper Labs, the company that developed Flo.
Doodles will be the pioneer of high-profile NFT projects to build on Ethereum and then migrate to Flow, which has experienced a decline in NFT activity in recent months as a result of its token price dropping significantly. This is because the value of Flow’s token has dropped significantly.
In November, in response to a general downturn in the NFT industry, Dapper Labs laid off 22% of its employees.
According to a statement that Doodles made in its release earlier today, the introduction of Flow will “signal the future launch of robust cross-interoperability with Ethereum.” The introduction of Doodles 2 NFTs will be linked to the existing Dooplicator NFTs on Ethereum. These Dooplicator NFTs were made available for free to holders of Doodles NFTs in June last year.
Dapper can also leave Ethereum for Flow.
It is interesting to note that in 2017, Dapper Labs contributed to the development of the NFT standard for Ethereum, and the company’s project CryptoKitties almost brought the network to a halt as users flocked to the platform to collect and trade virtual cats. reached.
As a result, Dapper came to the conclusion that it needed its own blockchain platform. The company also said in 2020 that it would link cryptokitties to Ethereum with Flow, though that hasn’t happened yet.
Doodle big building
In September, when it announced $54 million in fundraising, Doodles was valued at $704 million. The fundraising was led by Reddit co-founder Alexis Ohanian’s Seven Seven Six firm, and included participation from 10T Holdings, Accrue Capital, and FTX Ventures. Its doors were closed.
Doodles announced on Monday that it has acquired animation company Golden Wolf. Golden Wolf has worked on projects for a number of companies, including Disney, Adidas, Adult Swim, Nike, and PlayStation.
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