Doodles, a colorful profile picture maker, on Tuesday, said that it had raised $54 million in capital Equity funding at a $704 million valuation. Doodles said in a statement that the company will utilize the funds to expand into the music and gaming NFT sectors. The funding was led by Alexis Ohanian, co-founder of social media platform Reddit, and his 776-investment firm. The other investors that took part in the fundraising included Acrew Capital, FTX Ventures, and 10T Holdings.
