Doodles Increases $54 Million From Alexis Ohanian’s 776 To Broaden NFT Offerings – Fortune

Doodles, the firm behind the preferred pastel-colored account image NFT collection, stated Tuesday it had actually elevated $54 million in a round led by Reddit cofounder Alexis Ohanian’s VC company, Seven Six (776), that values Doodles at $704 million. Adding funds were 10 T Holdings, Acrew Capital, and also FTX Ventures.

Doodles claimed in a declaration that it intends to utilize the funds for item growth and also procurements as it expands in the songs, society, as well as show business. Doodles likewise claimed it intends to include procedures, blockchain, and also innovative personnel.

Julian Holguin, previous head of state of songs and also amusement media business Billboard, was worked with in May as CEO, and also artist and also songwriter Pharrell Williams signed up with as primary brand name police officer in June.