Animoca Brands and its affiliated entities have finalized a strategic investment in the NFT brand Cool Cats Group, resulting in Animoca Brands and Coin Operated Group becoming the majority shareholders of Cool Cats. This partnership aims to drive innovation, accelerate the group’s growth, enhance community engagement, and explore emerging opportunities within the rapidly expanding NFT sector.
As part of this investment, Animoca Brands will appoint two new members to the Cool Cats board to further accelerate the group’s development. These appointees include Yat Siu, co-founder and executive chairman of Animoca Brands, and Kenneth Shek, project leader for Moca Network and MocaVerse. Their involvement is expected to play a pivotal role in shaping Cool Cats Group’s strategic direction and future growth initiatives.
The agreement is poised to strengthen Animoca Brands’ position in the NFT market while elevating Cool Cats Group’s global prominence. By leveraging each organization’s technological expertise and market reach, the collaboration will solidify their standing within the NFT ecosystem. Furthermore, this move represents a significant milestone for the advancement of NFT brands and the expansion of digital communities.
Source: binance
