Cool Cats, a collection of 9,999 NFTs on the Ethereum blockchain, announced on October 5 that it received a strategic investment from Animoca Brands, the leading digital entertainment, blockchain, and gamification company.
Cool Cats’ strategic partnership with Animoca Brands went through because of the longstanding relationship between Ken Cron, the executive chairman of Cool Cats, and Yat Siu, the co-founder and current executive chairman of Animoca Brands.
“Cool Cats is a leading example of metaverse native IP based on the principle of decentralized ownership. “Ken is one of the most experienced gaming and media executives in the world, and it has been my pleasure to have him as an Advisor to Animoca Brands’ Board of Directors for the past two years. Our belief in what the Cool Cats team has built, along with our commitment to the NFT space – which we believe will unlock the next frontier of gaming – could not be stronger.”
Yat Siu, Co-Founder & Chairman of Animoca Brands
A strategic funding round of $110M was recently closed by Animoca Brands from a consortium of new investors. The money will be used to deliver true digital ownership of users’ virtual assets and advance the open metaverse – focusing on GameFi opportunities, including P2E. Both companies will deliver unique and compelling gaming experiences to their communities.
“We’re thrilled 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. Many within our community already enjoy Animoca Brands’ properties, and we can’t wait for Cool Cats holders to realize the value of our deepened relationship with Animoca Brands. We look forward to sharing announcements over the coming weeks and months as we roll out our partnership.”
Stephen Teglas, CEO of Cool Cars