The world of non-fungible tokens (NFTs) continues to experience significant growth, with Doodles NFTs witnessing a remarkable surge in sales recently. In the last 24 hours, Doodles NFT sales soared by 97%, surpassing $1.1 million in total sales volume. This surge has positioned Doodles as the third-highest daily NFT sales generator, following DMarket and Courtyard NFTs. Over the past week, Doodles has recorded a total sales volume of $2.6 million, marking a staggering 368% increase from the previous week and ranking fifth among all NFT collections, as reported by CryptoSlam.

The surge in Doodles NFT sales comes on the heels of the highly anticipated launch of the project's native token, DOOD. The token generation event for DOOD is scheduled for May 9, following an announcement made by the project on May 7. Doodles revealed its plans to mint 10 billion DOOD tokens on the Solana blockchain, with potential future integration with the Base blockchain.

According to Doodles, a significant portion of the DOOD token supply, 68%, will be allocated to various community members. The breakdown includes 30% for the Doodles community, 13% for the New Blood community, and 25% for the ecosystem fund. Team members will receive 17% of the tokens, while the company retains 5% of the token supply. These allocations are subject to a one-year cliff unlock period and a three-year vesting period. The remaining 10% of the token supply is earmarked for the project's liquidity.

Holders of Doodles NFTs are eligible to pre-register and receive an airdrop allocation of the DOOD tokens. Major exchanges like Binance and Bybit have also announced their intention to list the token on their platforms once the tokens are minted on May 9.

The surge in Doodles NFT sales is part of a broader trend within the NFT market, which has seen a significant uptick in activity. The total NFT market volume exceeded $103 million over the past week, marking a 7% increase from the previous week. Ethereum-based NFTs continue to lead the market with $26.5 million in sales, followed by Polygon NFTs with $19.1 million in sales, driven in part by the success of real-world asset NFT platform Courtyard.

Overall, the N

Source: https://cointelegraph.com/news/doodles-nft-sales-surge-97-ahead-dood-token-airdrop?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound