Doodle Creator owns NFT I brought $54 in a funding round led by Seven Seven Six, rated at $704. The fund will be used to fund product development and team building.
Founded in 2021, Doodles is an NFT project that aims to become a leading entertainment project on Web 3.0.
Created by artistic entrepreneurs, Doodles today includes some of the leading international artists among its members. At the end of June 2022, Pharrell Williams join The company as the head of its brand.
It is also most dangerous Doodle Records: Volume 1, produced by Williams in association with Columbia Records.
according to NFT Price FloorThe 10,000-image doodle collector is currently valued at 74,900 ETH ($120.8 million). Today it is the 11th largest collector of NFT Market value.
Co-founder of Reddit Alexis Ohanian Founding of Seven Seven Six Company. FTX Ventures, Acrew Capital and 10T Holdings also participated in the fundraising round.
The future growth of the NFT industry
a study UK market research firm Juniper Research has analyzed the trajectory of the NFT market over the next five years and predicted that the global NFT number Transactions will reach about 40 million by 2027.
The main driver of this growth will be the increasing use of metaverse brands to increase their digital presence.
a Markets and markets study expect it The global NFT market is expected to grow from $3 billion in 2022 to $13.6 billion by 2027, with a compound annual growth rate (CAGR) of 35.0% from 2022 to 2027.
It added that the Asia Pacific region will grow at the highest compound annual growth rate (CAGR) during the forecast period.
a a report Verified by Market Research (VMR) more optimistic about the future of the NFT industry. It forecasts that non-fungible tokens (NFTs) will occupy a significant niche in the market, with their value ballooning to $231 billion by 2030, at a compound annual growth rate of 33.7% from 2022 to 2030..
The report estimated the NFT market in 2021 at $11.3 billion. Once again, North America is likely to emerge as a dominant market in this segment.
The increasing demand for NFTs is related to a number of factors, including their uniqueness, exclusivity, and transparency. The fact that NFTs have expanded their reach beyond music, movies and sports to other streams such as the metaverse and especially gaming, is one of the main reasons behind the massive increase in global demand for NFTs.
The gaming business, especially the blockchain gaming model for monetization, has proven to be a huge growth opportunity for NFTs.