Cool Cats to Develop Its Web3 Gaming Division After Strategic Investment from Animoca Brand

One of the most successful and recognizable NFT projects on web3, Cool Cats, has recently announced its ambitions concerning web3 gaming. The further replenishment in product offerings comes after a hefty strategic investment from Animoca Brands.

Following the footsteps of Yuga Lab's BAYC metaverse game dubbed Otherside, Cool Cats Group behind the prominent NFT collection plans to speed up its web3 gaming projects with new product offerings. Moreover, the brand sounds out its ambitions of heading the list of the most valuable NFT projects currently topped by Bored Ape Yacht Club and CryptoPunks.

On September 1st, Cool Cats announced the collaboration with GAMEE, one of Animoca Brands’ gaming branches, which is engaged in building a virtual casual gaming space for players, brands, and game developers. As part of the GAMEE partnership, Cool Cats NFT owners had an opportunity to claim exclusive NFTs as well as participate in raffles, and community giveaways.

As for Animoca Brands itself, the company keeps gaining value despite the long-lasting bearish moods. Thus, Animoca has recently raised $110 million in a funding round reaching a whopping $5.9 billion valuation. Now, the company is seeking new ways to boost its web3 strategy alongside backing up other brands engaged in the popularization of web3 through gaming, NFTs, and metaverse-related experiences.

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, Animoca Brands Co-Founder, and Executive Chairman commented on the strategic investment.

"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,” Cool Cats Group CEO Stephen Teglas continued, speaking about the brand's plans.

The recent announcement may sound promising not only for the Cool Cats community members but also for those who have dreamt of entering this blue-chip project. Time will show what gaming opportunities Cool Cats Group will roll out soon.