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Hodooi operates as a decentralized multi-chain NFT marketplace, enabling users to create, buy, sell, and resell non-fungible tokens across various blockchain networks. The platform supports transactions on Binance Smart Chain, Ethereum, and Polygon, powered by its native HOD token, which also offers tiered membership and governance participation. During its Initial DEX Offering (IDO) on June 14, 2021, the company raised approximately $250,000, with the HOD token initially priced at $0.045 and a total supply of 1 billion. Hodooi has established partnerships with entities such as DuckDAO, Paid Network, and Goldstar Promotions, notably collaborating with Tyson Fury for high-profile NFT drops. The organization was founded in 2021 by Matt Lucz, who serves as CEO, and Bryson Warsap, the COO.
Hodooi has raised $4.0M across 1 funding round.
Hodooi has raised $4.0M in total across 1 funding round.
Hodooi has raised $4.0M across 1 funding round. Most recently, it raised $4.0M Series U in May 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 1, 2021 | $4M Series U | — | Crypto.com Capital | Announced |
HoDooi.com (HOD) is a multi-chain NFT marketplace founded in 2021 that enables users to create, buy, sell, and resell NFTs in a decentralized, permissionless environment.[1][2][3][6] It serves NFT creators, buyers, sellers, and speculators by addressing platform shortcomings through low fees, high transparency, intuitive eBay-style interfaces, and the HOD utility token, which unlocks perks like staking rewards, fee discounts, and increased minting limits.[1][4] The platform solves key pain points in NFT trading—such as high fees, limited accessibility, and poor secondary market tools—while generating multiple revenue streams to fuel ongoing development amid rising NFT popularity.[1]
Developed by Vietnam-based SotaTek after 36 man-months of effort, HoDooi emphasizes user-friendly features like fixed-price listings, auctions, and an NFT creation module for tokenizing files with customizable parameters.[1][5] This positions it as a comprehensive hub for building NFT collections, with growth tied to blockchain adoption and the HOD token's utility in transactions and advertising.[1]
HoDooi emerged in 2021 from SotaTek, a leading blockchain firm in Vietnam, which invested 36 man-months to launch the platform as a multi-chain NFT marketplace.[2][3][5] The idea stemmed from identified gaps in existing NFT platforms, aiming to create a more accessible, value-maximizing environment for creators and traders in a decentralized space.[1][6] Early development focused on engineering an intuitive, permissionless system mimicking familiar marketplaces like eBay and Etsy, complete with account verification for reputation and visibility benefits.[1] Pivotal moments include its rapid deployment by SotaTek and integration of the HOD token to power ecosystem perks, marking it as a key project in Vietnam's blockchain scene.[5]
HoDooi stands out in the crowded NFT space through targeted innovations:
These elements make NFT engagement more accessible and profitable compared to traditional platforms.[1]
HoDooi rides the wave of NFT mainstreaming and multi-chain interoperability, capitalizing on blockchain's shift toward user-centric, decentralized marketplaces amid crypto's 2021-2025 resurgence.[1][2] Its timing aligns with exploding demand for creator economies and secondary markets, where high fees and chain silos have frustrated users—HoDooi counters this with low-cost, familiar tools, influencing adoption in emerging hubs like Vietnam.[5][6] Market forces like rising digital art tokenization and Web3 speculation favor it, as does SotaTek's regional expertise, positioning HoDooi to shape Southeast Asia's NFT ecosystem by empowering local creatives and global traders.[1][5]
HoDooi is primed for expansion as multi-chain NFTs evolve, potentially integrating AI-driven curation or real-world asset tokenization to boost HOD token demand and user growth.[1] Trends like layer-2 scaling and regulatory clarity in blockchain will accelerate its momentum, evolving its influence from a niche marketplace to a cornerstone for permissionless digital ownership.[2][6] With SotaTek's backing, expect deeper ecosystem perks and partnerships, solidifying its edge in a maturing Web3 landscape—watch for HOD's role in driving sustained value extraction for all participants.[1][5]
Hodooi has raised $4.0M in total across 1 funding round.
Hodooi's investors include Crypto.com Capital.
