NFT Collection Doodles raises $54m at $704m valuation17 Apr 2023 23:00
https://www.coindesk.com/business/2022/09/13/nft-marketplace-doodles-raises-54m-at-704m-valuation/?outputType=amp
Worth a read - why?
“We are using the funding to rapidly acquire a world-class team of engineers, creatives, marketers and business executives. As well as to fund product development, acquisitions, proprietary technology, media and collector experiences,” the Doodles team tweeted.
They have no NFT Platform, no clients and no revenues - also looks like they need the right people to get it built, but at least they now have the cash...
Why relevant to MOS and the Heroes Brand?
Simple...
With Heroes there are a number of factors at play - 1) The contracts are signed with top level sports clubs/individuals and 2) The length of the contracts seem to be 3 through 5 years (guessing a break clause in some) so they have value...
Then look at 3) Likely further contracts to come - the old adage of when you have clients it may be easier to get more?
4) Heroes platform is live, it works and we have seen multiple drops and a variety of drops
5) Payment methods now in place
And numpties - a good many of them - still knock what has been achieved in the last year or so...