The sale of FatCats NFT has gone live on OpenSea with a floor price of 2.49. Five thousand six hundred items are listed for sale with a total volume of 16,100. The NFT is a collection of many cats who have just woken up from their nap.
FatCats NFT is expected to advance the Solana ecosystem further. It is backed by the FatCats Capital Club, a Solana NFT project focusing on the prosperity of members, growth of the community, innovation, and development. The club allocates 80% of the revenue generated from mining to grow the FatCats Treasury and invest through the FatCays Accelerator in the programs that its members run.
Additionally, the revenue is used to develop utilities exclusively for the club. Anyone can become a part of the FatCats Capital Club by purchasing the NFT. It opens the door to earning $CATNIP, the native token of the community, while giving access to present & future utilities of the NFTs. The final aim of the club is to become a tokenized Decentralized Autonomous Organization.
Response to the launch of its NFT was phenomenal as all the units got sold out. They can, however, still be bought from a secondary marketplace. FatCat NFT is available on OpenSea, Magic Eden, and Coral Cube. FatCat NFT includes ten royal FatCats that represent the rarest NFTs in the collection and the community’s most influential members.
Anyone who owns a royal FatCat gets the opportunity to play an integral part in growing the club. The Royal Stake in each NFT is significantly more than other FatCat NFTs.
FatCat Capital Club has drawn a roadmap into the future. In the second quarter of 2022, the club plans to continue building the community on every social media platform with a core focus on Discord while finalizing wallet collection for Whitelist Sale.
In the second and third quarters of 2022, the club will start investing in projects run by members through the FatCats Accelerator. The same period will be marked by the airdrop of $CATNIP, a community reward token that NFT holders can earn by staking their NFTs. The community reward token can alternatively be earned from its official Discord channel by making productive contributions.
$CATNIP was initially designed to honor and reward the community members. It now carries multiple utilities like entering giveaways, claiming exclusive whitelist opportunities, and purchasing FatCats NFTs. All the operations are scheduled to be migrated to the Solana Blockchain in the third quarter. This step is a part of implementing the tokenization plan and transitioning to the FatCats Capital DAO.
Once the FatCats Capital DAO transition is complete, the club will issue $FCGT through the ITO process. The FatCats Capital Club plans to continue the investment activity post tokenization and growth of the FCC DAO Treasury to take the value of $FCGT on a higher note.