Animoca Brands Makes a Strategic Investment in Cool Cats NFT

After receiving a strategic investment, Cool Cats made a big move with Animoca Brands. Cool Cats collects NFTs of 9,999 on the Ethereum blockchain, wherein Animoca Brands are the leading digital entertainment and gamification company that works to enhance the digital asset rights in the metaverse.

The ongoing friendship between Yat Siu, the current executive chairman and co-founder of Animoca Brands, and Ken Cron, the Cool Cats’ executive chairman, has allowed the two companies to work together successfully. Yat commended Ken for being among the top media executives in the gaming industry and for serving as an advisor to the board of directors of Animoca Brands for two years. Their trust in the Cool Cats crew had opened up the NFT area to the gaming’s extremities.

Animoca Brands has concluded a strategic fundraising round with a group of new investors for $110M. With an emphasis on GameFi prospects, including P2E, the funds will be utilized to offer full digital rights to users’ virtual assets and promote the open metaverse. Both businesses will provide their respective communities with exciting and distinctive gaming experiences.

According to Stephen Teglas, the CEO of Cool Cats, they are fascinated to work with Animoca Brands as they have opened their deep absorption gaming expertise into the world of Cool Cats. Though many of the current Cats users had already taken advantage of Animoca Brands’ assets, they are thrilled to see Cool Cats holders realize the out-turn of their long-standing business relationship.

The consortium of both companies is on its toes to deliver extraordinary yet compelling gaming experiences to their communities.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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