Cool Cats, a beloved non-fungible token (NFT) assortment and bluechip challenge on Ethereum, is revamping its look with a view to appeal to extra than simply Web3 followers in addition to trying to take the gathering multi-chain!
Full info could be discovered by way of the Cool Cats Townhall video recap.
What are Cool Cats NFT?
The Cool Cats NFTs are a trend-defining assortment of 9,999 NFTs with a unprecedented hand-drawn comedian guide aesthetic taking the blockchain by storm. With greater than 300,000 choices from which to randomly generate every particular person NFT, you may assure no two cats can be precisely alike – sporting distinctive our bodies and facial options plus a spread of vibrant colours and outfits.
The Cool Cats challenge was one of the sought-after profile image tasks in the course of the 2021 Non-Fungible Token market growth, however its costs plummeted final 12 months because of rising complaints from collectors. Now, nonetheless, the founders behind this platform have introduced an thrilling new improvement with up to date branding and additions—together with customizable full-body avatars that can lengthen past Ethereum’s realm.
How a lot is a Cool Cat NFT value?
As of February 2023 the Cool Cats NFT is sitting above a 2 ETH help (2.3 ETH as of 1/2/23), which is presently over USD $1.okay per NFT. They’ve completed a complete buying and selling quantity of over 100k ETH since they minted in July 2021.
Cool Cats skyrocketed in late 2021, because the NFT market rose and drove the ground worth – or the cheapest-listed NFT on a secondary market – to just about 14 ETH (over $48,000) that October. Then, in March 2022 Artistic Artists Company (CAA) partnered with Cool Cats to launch media and licensing offers.
Final 12 months introduced dramatic shifts in the price of Cool Cats, because of high-level personnel departures and objections in the direction of its launch. It seems that there have been complaints from traders claiming the founders failed to point out sufficient dedication towards its improvement.
Boasting a powerful $377 million in secondary market buying and selling quantity, per CryptoSlam information, Cool Cats has made a reputation for itself. The famend model’s spinoff assortment Cool Pets added much more to that tally with over $105 million! Moreover, the corporate lately struck offers with Time journal and {hardware} pockets maker Ledger to create limited-edition NFTs and advertising and marketing campaigns respectively – propelling the model additional into mainstream success.
The Cool Cats Rebrand
On the Townhall assembly, the founders of Blue Cat Assortment unveiled their ambitions to change into a world powerhouse and use its worthwhile IP belongings to offer recent content material. Its beloved character, Blue Cat, can be on the centre of operations in Cooltopia, an immersive metaverse, permitting customers to discover past its conventional collector fan base.
Their new emblem options what they describe as a assured and decided cat going through ahead to the long run, symbolizing the challenge’s dedication to creating a greater tomorrow.
Cool Cats Multi-Chain NFT
Cool Cats and Cool Pets NFT holders will quickly be gifted with a complimentary Fracture NFT, as described by Robert Mehew, co-founder and Head of Content material for the challenge. He said that these dynamic non-fungible tokens supply a wholly new strategy to storytelling by digital collectables. They’ll “evolve” when customers full missions throughout the fascinating narrative world often known as “Cooltopia”, finally uncovering potential rewards.
Nevertheless it does not finish there! Later this 12 months, the Cool Cats challenge will steadily develop with the launch of Explorers NFTs, providing full-body customizable avatars that can be utilized throughout a number of blockchain networks and accessed in many alternative apps or platforms.
It has been steered that Explorers NFTs can be interoperable throughout a number of layer-1 blockchains and layer-2 scaling networks, even these not suitable with Ethereum Digital Machines (EVMs).
Vibrant Future For Cool Cats?
Will Cool Cats be capable of keep its “blue chip” standing after an unpredictable 12 months by implementing a brand new look, gamified reward NFTs for present homeowners, and widespread avatar illustration throughout numerous blockchain networks?
When you can by no means take something with no consideration within the NFT area, we’ll be undoubtedly maintaining a tally of how issues transpire.
