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Doodles releases new NFT collection Doodles 2 on Flow

Doodles 2 are collectibles that will be accessible across multiple ecosystems, including computer, phone and social media. The Doodles team chose Flow for its scalability, composability, security and no gas fees. Users can mint their first wearables and create Doodles 2 NFTs on Flow as from 31 January. Doodles, the non-fungible token (NFT) platform that’s […]

The post Doodles releases new NFT collection Doodles 2 on Flow appeared first on CoinJournal.

  • Doodles 2 are collectibles that will be accessible across multiple ecosystems, including computer, phone and social media.
  • The Doodles team chose Flow for its scalability, composability, security and no gas fees.
  • Users can mint their first wearables and create Doodles 2 NFTs on Flow as from 31 January.

Doodles, the non-fungible token (NFT) platform that’s been one of the hits of the NFT ecosystem, has announced the launch of its highly anticipated drop dubbed Doodles 2.

The Doodles 2 is a series of collectibles that allows holders to customize their Doodle with wearables, including apparels, accessories, and gadgets. It’s an offshoot of the core Doodles collection, one of the top NFT collections from last year and which features 10,000 unique NFTs on the Ethereum blockchain. 

Doodles 2 comes to Flow

According to the project’s team, the new collection is launching on the Flow, an eco-friendly Web3 blockchain.

Doodles CEO Julian Holguin said they chose Flow because of its powerful composability, security, no gas fees and on-chain scalability – a key functionality for the new set of collectibles. In short, having portable and interoperable NFTs is the goal, with the feature allowing for access across social platforms, live events, and gaming worlds.

As we open Doodles up to the world, we know we can rely on an architecture that was built to scale from day one. Flow offers an easy onboarding to Doodles for newcomers to NFTs and web3, from seamless checkout experiences to world-class security, safety and recoverability of their Doodles,” Holguin added.

The Flow team tweeted:

Doodles core holders can expect to mint their first Doodles 2 wearables and create Flow NFTs beginning 31 January. Fans will be able to buy, sell and trade their Doodle wearables on the Gaia marketplace.

Those new to the Doodles ecosystem can easily create a wallet via Gmail and buy wearables using credit cards. All this happens “in just a few clicks,” the team tweeted, highlighting that this is “how Top Shot got 400k people to buy the first NFT.”

The post Doodles releases new NFT collection Doodles 2 on Flow appeared first on CoinJournal.

Source: CoinJournal: Latest Bitcoin, Ethereum & Crypto News

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Altcoins

Floki Inu DAO approves proposal to burn over $100M worth of FLOKI tokens

FLOKI’s price has rallied by over 100% in the past week. It has hit a daily high of $0.00002973 today rallying on the news of the passed proposal. The passed proposal will see Floki Inu burn about 4.97 trillion FLOKI tokens. The Floki Inu DAO has finally passed the “Remove the FLOKI transaction tax and […]

The post Floki Inu DAO approves proposal to burn over $100M worth of FLOKI tokens appeared first on CoinJournal.

  • FLOKI’s price has rallied by over 100% in the past week.
  • It has hit a daily high of $0.00002973 today rallying on the news of the passed proposal.
  • The passed proposal will see Floki Inu burn about 4.97 trillion FLOKI tokens.

The Floki Inu DAO has finally passed the “Remove the FLOKI transaction tax and burn the bridge tokens” proposal. As reported in our earlier news, the proposal was opened for voting on January 27 causing significant price movements immediately after it was announced.

The voting proses was concluded on January 29 with 99.97% of the participants voting in favour of the proposal.

Screenshot of how Floki Inu DAO voted. Source: snapshot.org

 The price of FLOKI token has surged slightly because of the news, with the token gaining about 8% at press time to trade at $0.00002415.

What next after approving the proposal?

According to the information provided by Floki Inu, the proposal determined the future of two things for the Floki Inu community which are:

  • The original Floki cross-chain bridge.
  • The 3% tax on the FLOKI token.

The proposal sought to have the original cross-chain bridge disabled and the tokens in the bridge burned since the bridge posed some vulnerability threats. Floki Inu narrowly dodged a bullet last year when the cross-chain bridge was briefly exploited forcing the team to quickly disable the bridge to limit the exploit’s impact.

Now that the DAO has voted to pass the proposal, the team will go ahead and disable the main cross-bridge and embark on burning the FLOKI tokens that were in the bridge. The 3% buy and sell FLOKI transaction tax will also be drastically reduced to a 0.3% tax which is the default tax/fee on most decentralized exchanges like Uniswap (UNI/USD).

On timelines, the FLOKI transaction tax will be lowered to 0.3% effective 8 PM UTC on February 3, 2023, while the 4.97 trillion tokens will be permanently burnt at 8 PM UTC on February 9, 2023. As of the price of FLOKI today, the planned token burn is worth about $100 million.

The post Floki Inu DAO approves proposal to burn over $100M worth of FLOKI tokens appeared first on CoinJournal.

Source: CoinJournal: Latest Bitcoin, Ethereum & Crypto News

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