According to a report by BlockBeats, the floor price of Cool Cats NFTs has surged beyond 0.74 ETH, marking a notable 48% increase within the past 24 hours. During this period, the trading volume reached 112.51 ETH. Over the last week, the price has appreciated by 61%, reflecting significant market enthusiasm. This upward momentum closely followed the announcement of a strategic investment, which has substantially enhanced the valuation of these digital collectibles.
On August 8, Animoca Brands announced a strategic investment in Cool Cats Group in collaboration with its affiliated companies. As a result of this transaction, Animoca Brands and Coin Operated Group have acquired majority ownership stakes in Cool Cats. The partnership aims to accelerate the brand’s growth, foster innovation, and deepen community engagement, while also exploring new opportunities within the rapidly evolving NFT marketplace.
As part of the investment agreement, Animoca Brands will appoint two new board members to steer Cool Cats’ development: Yat Siu, co-founder and executive chairman of Animoca Brands, and Kenneth Shek, project lead for Mocaverse and Moca Network. This move is designed to reinforce Cool Cats Group’s leadership position in the NFT sector and to drive future strategic initiatives.
This investment and subsequent measures exemplify how robust capital infusion and strategic collaboration can significantly elevate a brand’s value within the NFT space, positioning it for sustained growth and expansion into new horizons.
Source: binance
