Cool Cats NFT Prices Surge Following Strategic Investment

According to BlockBeats, the floor price of Cool Cats NFTs has surpassed 0.74 ETH, marking a 48% increase over the past 24 hours, with a trading volume of 112.51 ETH. Over the past week, the price has risen by 61%. Previously, BlockBeats reported that on August 8, Animoca Brands and its affiliated companies announced a strategic investment in the NFT brand Cool Cats Group. Following this investment, Animoca Brands and Coin Operated Group will hold a majority stake in Cool Cats Group. The collaboration aims to drive innovation and growth, enhance community engagement, and explore new market opportunities in the rapidly evolving NFT sector. As part of the investment, Animoca Brands will appoint two new board members to advance Cool Cats' development: Yat Siu, co-founder and executive chairman of Animoca Brands, and Kenneth Shek, project lead for Mocaverse and Moca Network.