Do the Cool Cats still have Blue Chip status? The collection fell on hard times lately, but so has any other NFT project out there. We’re in a bear market, after all. A Hollywood agency manages the Cool Cats project, they had the coolest exhibit in NFT NYC, and collaborated with TIME magazine in a weird NFT drop. Still, the collection’s floor price is down to levels not seen since the project’s conception.
The Cool Cats started spreading good vibes in July 2021. It’s a PFP collection consisting of 9.999 unique cats assembled from various traits that formed 300K possibilities total. The ecosystem expanded in two major ways lately. They launched their secondary collection, the Cool Pets, and their own token, $MILK. The new coin is the blood of the gamified experience that the collection’s creators have been releasing.
— Mike Tyson (@MikeTyson) July 9, 2021
Speaking about those, the core team are: the smart contract programmer Tom Williamson, web developer Rob Mehew, creative director Evan Luza, and illustrator Colin Egan AKA The Cartoonist. The unofficial fifth member of the band is Mike Tyson. The eternal heavyweight champion changed his Twitter profile picture to a Cool Cats and that propelled the collection when it needed it the most.
The Relationship Between Cool Cats And CAA
The Cool Cats went Hollywood on March 2021. In a move unprecedented at the time, the creators signed with leading talent agency CAA. In a press release from the time, the partners explained the deal in detail:
“Leading entertainment and sports agency Creative Artists Agency (CAA) has signed Cool Cats, producers of the widely known Cool Cats and Cool Pets NFT collections. In collaboration with the gamified NFT company, the agency will identify and create opportunities for Cool Cats characters across an array of areas, including licensing and merchandising, animated content, brand partnerships, live events, publishing, and more.”
So, there’s serious money and interests behind the cats. Why are they fading away into the background, then? Is it just an effect of the bear market?
BTC price chart on Bitbay | Source: BTC/USD on TradingView.com
Cool Cats ’ got utility
First of all, Cool Cats holders get their NFT’s property rights. That means, they can produce commercial projects with their NFT’s images. Cool Cat owners also get access to the project’s Discord server, and priority for all of the…
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