Doodles are a type of profile pictures with a collection of 10,000 NFTs from two artists: Burnt Toast and Scott Martin. The idea started by Scott Martin and previous employees – Evan Keast and Jordan Castro at Dapper Labs (an NFT platform famous for NBA Top Shot). These artworks are colorful and imaginary without much limitation. Characters are anything but human – flames, flowers, cats and more that are catchy.
The project aims to bring happiness to whoever sees the art piece. It is a platform that focuses on the community where holders have the privilege to vote for campaigns, proposals and user experience. In addition, 50% of the sales revenue from secondary market will contribute to scaling the team and innovative growing.
Do holders have intellectual property (IP)?
Doodles, LLC owns Doodles’ IP. It also owns other related rights such as trademarks, images, smart contract code and the rest if not specifically granted by the company.
What’s more, owners may utilize their NFT as a profile picture, by selling it for up to $100,000 through the sale of tangible goods. The complete Doodle may also be used by holders in original artwork, but more extensive licensing agreements must be discussed with the company.
According to the company, it is okay for holders to use Doodles in certain commercial contexts. A Doodle, on the other hand, may only be utilized “in its whole exclusively”. Its holders cannot issue new NFTs (derivatives) of Doodle’s character.