CryptoKitties generated more than $12 million in its first week, but the craze has since died down. Doodles is taking over instead and offering a new blockchain game that’s attracting attention from investors.
The “nft collectibles” is a new type of crypto that can be used to create limited edition, one-of-a-kind digital art. The first application of this technology is the doodles app which allows users to design and sell their own personalised doodles.
While the rest of the crypto industry struggles to recover from the recent dip, the NFT side of things looks to be doing well. On-boarders are receiving more ETH for their dollar than they have in months because floor prices are up, trading is up, and on-boarders are getting more ETH for their dollar than they have in months.
Doodles is one collection that does things really well. This unassuming collection of 10,000 algorithmically created hand-drawn figures has witnessed an increase in popularity since late December. The trading volume has surpassed 50k ETH, and the floor price is approaching 10 ETH. It now occupies the #1 spot on the OpenSea rankings tree.
In addition, in line with the more conventional monkey motif, a rare “Golden Ape” Doodle was sold for the equivalent of $900,000. Steve Aoki, a well-known DJ, and Snoop Dogg, a famed NFT collector, both have Doodles in their remarkable collections.
I just bought the 9th rarest @doodles in the world! Only ten alien-themed drawings have ever been done, and I now possess one of them! Welcome to the family, #2238! pic.twitter.com/rUZIDq1hHo
January 7, 2022 — Steve Aoki (@steveaoki)
Doodles, based on the works of artist Burnt Toast, first appeared on the blockchain on October 17th, 2021, and were first sold for 0.123 ETH each. Following that, news spread, and interest slowly increased until peaking in late December, thanks in part to the focused emphasis on community participation. Owners may vote on treasury choices using a massive war chest seeded with 420 ETH after the public auction.
Gaze upon the latest missed opportunity on OpenSea >> Here
Watch This Video-
- nft sales
- what are nft tokens
- nft trading platform