The popular NFT project Doodles is aiming to strengthen its community projects through the revamping its treasury the Doodlebank. Overseen by an appointed advisor, the Doodlebank includes a community council to set-up the governing budget and procedures, and be a liaison to the community. Funded by roughly $5million in cryptocurrencies, a new feature lifts the $100,000 commercial license cap for projects that pass the proposal vetting process. Explaining its reasoning, the CEO of Doodles said this is to have control of their IP and create business opportunity for the community. The projects will have access to the brand for their idea realization and be funded with a portion of the money from the sale of Doodle NFTs. A flagship retail experience similar to Disneyland is planned for launch this summer with tickets and merchandise, as well as a sponsorship program to diversify the source of income. The Doodlebank initiative seeks to bring the community together with more chance to NFT holders. It will cultivate a sense of identity that is presently not found in IPs and make the fantasy world of Doodles the norm.



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