CP_25-003: Adding Doodles To Coinage Treasury

As Coinage looks to add Treasury exposure to non-ETH Treasury assets, we propose to purchase a Doodles NFT. A vote in favor will authorize a purchase of a Doodles NFT (at floor prices) for inclusion in the Coinage DAO Treasury.

Context on Proposal 25-003

Coinage is a community-owned crypto outlet that has endeavored to pioneer a new path forward for creators in the era of Web3.

Doodles is an NFT project that features 10,000 characters created by Co-Founder and renowned artist, Burnt Toast and next-generation entertainment company focused on immersive storytelling through the creation and distribution of live and digital experiences, original content, and lifestyle products.

Doodles CEO Julian Holguin recently appeared on Coinage to describe the partnerships forged in 2024, and what the project is looking to get done in 2025.

Proposal Thesis

Doodles' Floor Price has risen substantially since Burnt Toast hinted at an upcoming token drop. Given the fact that Coinage missed out on the $PUDGY token drop, Coinage is attempting to lean into parallel NFT communities -- particularly those in the Web3 entertainment space.

Risks include the Doodles floor price potentially dropping after purchase, but it could be the case that Coinage stands to benefit even if that were to happen.

NOTE: This year, in order to vote, you must use an approved wallet holding a Coinage Caucus or Network NFT. Use your NFT to become approved here.

Our Caucus and Network NFTs allow holders to join our DAO/Co-op to co-own the fastest-growing Web3 media outlet. You can mint one now. Become an official DAO member and become eligible for voting and dividends by becoming an official Coinage co-owner along with the co-founder of Netflix, and other Web3 leaders today!

More information + discussion to be had in the Coinage NFT-gated Telegram channel ⬇️