Cool Cats receives investment from Japan's Animoca Brands, floor price rises over 20%
The NFT project Cool Cats has established partnerships with two Web3 companies, not only selling out three series of its NFTs, but also planning to release a standalone comic.
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Cool Cats, SFT Studios, and Animoca Brands Collaborate
Following Animoca's strategic investment in Cool Cats at the end of last year, Animoca Brands Japan, San FranTokyo by KLKTN under Web3 Studios, and NFT project Cool Cats have announced further collaboration.
They aim to jointly promote and accelerate Cool Cats' development in Japan and the anime market.
Cool Cats secures strategic investment from Animoca Brands to develop game products with metaverse IP
Cool Cats Manga
Venturing into the heart of Japanese culture, we will collaboratively produce a Cool Cats manga one-shot or yomikiri (読み切り), merging the world of Cool Cats with Japan's storied manga tradition, to be written and illustrated by a Japanese manga artist.
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— San FranTokyo (@San_FranTokyo) November 7, 2023
Acquisition of Cool Cats Equity, Secondary Market NFTs
In addition to the strategic partnership, Animoca Brands Japan has acquired equity in Cool Cats Group LLC, while SanFranTokyo has purchased all three series of NFTs from Cool Cats in the secondary market:
37 Cool Cats
15 SideKXs
15 Shadow Wolves
According to NFTGo data, this move has raised the floor price of Cool Cats by over 20% in the past 24 hours, reaching 0.799 ETH, but the actual floor price has dropped nearly 70% from 2.65 ETH at the beginning of the year.
Brand Expansion: Launching Cool Cats Manga
The three parties will delve into Japan's core culture and collaborate on creating a single Cool Cats manga, which will be handled by a Japanese manga artist.
Cool Cats founder Colin Egan emphasizes excitement for the new strategic collaboration, stating that it will bring new marketing strategies to Cool Cats to attract new audiences from Japan and other countries.