The GIANT Animoca brands announces a strategic investment on Cool Cats Groupthe startup behind the famous NFT Cool Cats collection.
investment onAnimoca brands on Cool Cats GroupThe amount, which was not disclosed, comes as the two companies recently entered into a partnership to offer holders of NFT Cool Cats to earn rewards on the play2earn platform GAMEE from Animoca.
According to a statement, Hong Kong-based Web3’s equity investment will help Cool Cats to “become the world’s largest NFT brand” specifically to expand its gaming offerings.
Yat is one of the top thought leaders in web3 and has built one of the most important companies in the industry. Working more closely with Animoca Brands will bring great value to Cool Cats and its community,” said Ken Cron, President of Cool Cats Group.
The founder and boss of Animoca Brands, YatSualready worked with Ken Cronwho served on his company’s board of directors for two years.
Launched in the summer of 2021, the series of 9999 Cool Cats tokens established itself as one of the most popular NFT collections in the ecosystem. According to OpenSea, the total number of trading recorded in the collection has exceeded 114,000 ETHwhich places it 13th among the best-selling collections, behind Doodles and Meebits.
After last week’s announcement, the floor price on NFT Cool Cats jumped 30% of those ETH 3.25based on data provided by NftPriceFloor.
“Combining the Cool Cats and Animoca brands will allow both companies to deliver unique and compelling gaming experiences to their respective communities and broader gaming audiences,” said said Amonica.
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