Could Animoca Brands’ investment bring the Cool Cats back?
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Crypto gaming and funding agency Animoca Manufacturers now has a monetary stake in Cool Cats, that 2D pastel cat PFP assortment from the 2021 NFT increase that almost all of you in all probability forgot about a few years in the past.
Cool Cats, thought of by some to have been at one level a “blue chip” NFT assortment, will now be a part of the Mocaverse. The Mocaverse is Animoca’s bold imaginative and prescient to provide everybody their very own crypto-powered id and tie that into video games and different experiences.
Animoca’s funding (of an undisclosed quantity) implies that Animoca and Coin Operated Group now personal a majority curiosity in Cool Cats Group. Cool Cats group member Ken Cron is the chair and CEO of Coin Operated Group.
“We share a imaginative and prescient for a future the place Web3 fuels creativity and group,” Cron stated in an announcement.
The NFT assortment’s complete quantity traded has spiked roughly 400% previously week, per NFTPriceFloor knowledge. It additionally noticed an anticipated ground value spike within the day after the announcement.
However that’s nonetheless only a blip within the grand scheme of issues:
Picture: Cool Cats ground value over time in USD. The gathering has a $22 million market cap as of Monday morning.
If I’m being trustworthy, the information isn’t all that shocking, contemplating Animoca and the Cool Cats labored collectively earlier than again in 2022.
In an announcement, Animoca govt chair and cofounder Yat Siu framed the transfer as a strategy to join the Cool Cats’ group to the Moca Community.
“Cats have all the time been the darlings of the Web, and Cool Cats is without doubt one of the most acknowledged digital manufacturers on the market, completely exemplifying the worldwide attraction of digital felines,” Siu stated in a press launch.
Siu and Moca Community venture lead Tyler Durden are additionally becoming a member of the Cool Cats board.
In the event you ask me — a self-proclaimed loopy cat woman — I’d argue the Cool Cats don’t lean into their feline inspiration almost sufficient.
Sure, there was Cooltopia, a fundamental net sport with a MILK token years in the past. However in any other case the Cats might actually stand to profit from a Pudgy Penguins-esque social media model constructing blitz to re-establish themselves as cute, related and truly about cats (their Instagram hasn’t posted a reel since February).
