Animoca Brands made a strategic investment in Cool Cats Group

Animoca Brands has announced a strategic investment in Cool Cats Group. The web3 firm that created the prestigious NFT line Cool Cats will use the money to increase the range of products it offers. 

Cool Cats aims to surpass Bored Ape Yacht Club and Cryptopunks, two other NFT brands owned by Yuga Labs. With new product introductions, the company also hopes to hasten the development of its web-3 gaming ventures, as expressed in their tweet:

We’re so thrilled to announce our strategic partnership with @animocabrands! https://t.co/6K8Lq2r2py

— Cool Cats (@coolcatsnft) October 5, 2022

According to Ken Cron, Executive Chairman of Cool Cats Group, who commented on the strategic investment, Yat is one of the top thought leaders in web3, and he has established one of the most successful companies in the sector. In addition, the community of Cool Cats and Cool Cats will benefit significantly from closer collaboration with Animoca Brands. The Cool Cats team and our new CEO, Stephen Teglas, are eager to start. 

One of the top web3 businesses trying to promote the open metaverse’s widespread adoption is Animoca Brands. 

The strategic relationship between Cool Cat and Animoca Brands subsidiary Games was followed immediately by the strategic investment. The alliance was a part of a plan to provide Cool Cats NFT holders access to unique NFT claims, raffles, and community prizes, among other things. 

Ken is one of the world’s most skilled media and game CEOs. It has been my joy to have him serve as an advisor to the board of directors of Animoca Brands for the past two years, according to Yat Siu, co-founder and executive chairman of the company. As a result, our dedication to the NFT market, which we believe will open up the next frontier of gaming, and our faith in what the Cool Cats team has achieved is stronger than ever.

To advance its web3 strategy, Animoca Brands recently raised $110 million at a valuation of $5.9 billion. The company wants to support initiatives that use gaming, NFTs, and metaverse experiences to introduce the general public to web 3. 

We’re pleased to work more closely with Animoca Brands and tap into their deep gaming expertise to open up new immersive experiences for the Cool Cats community,

said Stephen Teglas, CEO of the Cool Cats Group.

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