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Gungun Bhatia
Oct 6, 2022
by Gungun Bhatia

Animoca Brands Makes Strategic Investment In Cool Cats Group

Animoca Brands Cool Cats

Table of contents

  1. Cool Cats Collaborated With GAMEE
  2. Animoca's Strategic Fundraising Round
Animoca Brands, a firm that promotes digital property rights for games and the open metaverse, has made a significant investment in Cool Cats Group LLC, the Web3 business behind the renowned blue-chip NFT collection Cool Cats. Through the growth of its gaming services, among other things, the alliance would help Cool Cats accomplish its objective of becoming the most well-known NFT brand worldwide and a strong media and content organization. Animoca Brands announced this collaboration in its blog post.

Ken Cron, executive chairman of Cool Cats Group, and Yat Siu, co-founder and executive chairman of Animoca Brands, have been close friends for a long time. Their connection has culminated in this strategic partnership. According to Cron, Cool Cats and its community would "bring tremendous value" from this collaboration with Animoca Brands. He further expressed the new CEO, Stephen Teglas, and the whole team's excitement for the project.

Cool Cats Collaborated With GAMEE

Cool Cats declared its collaboration with GAMEE, a division of Animoca Brands that established a virtual community for casual gamers to engage with businesses and game developers on September 1. Cool Cats holders have had access to exclusive NFT claims, raffles, and community promotions following the GAMEE collaboration. According to Yat Siu, Cool Cats is a prominent example of native metaverse intellectual property based on the notion of decentralized ownership. He stated that the collaboration would allow both businesses to offer distinctive and engaging gaming experiences to their respective audiences.

Animoca's Strategic Fundraising Round

Animoca Brands, which recently concluded a strategic fundraising round of US$110 million from Temasek, Boyu Capital, and GGV Capital., has consistently worked to offer digital ownership of users' virtual items and to develop the open metaverse with a specific emphasis on GameFi potential, including play-to-earn (P2E).

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NFT Animoca Brands GAMEE Strategic Investment Cool Cats Group
Animoca Brands Makes Strategic Investment In Cool Cats Group
Gungun Bhatia
Gungun is an enthusiastic writer that likes to create content for various aspects of the blockchain and crypto industry. She carries out extensive research and provides readers with informative and high-quality material.

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