The Cool Cats project soared 45x in July amid NFT resurgence – Delphi Digital
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July was the “month of NFTs”, as marketplaces hit all-time highs in volume and new projects attracted millions in capital, according to crypto research firm Delphi Digital.
Projects set up just before the NFT mania “were set up perfectly to capitalize on this rush,” Delphi said.
Prices for the Bored Apes, Meebits and ArtBlocks projects rose around 250 to 300 per cent in the period from July 1 through August 9, while Cool Cats gained 45x in the same period, according to Delphi.
The project appears to be pretty similar to the Cryptopunks, except with cats.
There were 10,000 randomly generated cats available to mint on the Ethereum blockchain beginning July 1.
“Cool Cats that have a variety of outfits, faces and colors – all cats are cool, but completed outfit cats are the coolest,” the project’s website says.
“Each Cool Cat is comprised of a unique body, hat, face and outfit – the possibilities are endless!”
The cats were available to mint for 0.06 Ether (about A$256, at today’s prices), but were selling for a minimum of 1.19 Ether (A$5,000) on Opensea yesterday.
This Cool Cat with rare horns had recently changed hands for 2.0504 Eth (A$8,757) and others have traded for even more.
— CoolCatsNFTBot (@CoolCatsNFTBot) August 10, 2021
Mike Tyson has apparently bought one.
— Mike Tyson (@MikeTyson) July 9, 2021
The developer has promised that the team has “big plans” for Cool Cats, including a breeding contract and generation two.
“How this will work is still being discussed with the community,” he wrote.
“For now, we are focusing on building the Cool Cats universe. A town or city where they all live together. A simple way to root the community and bind them together to create a feeling of belonging and ownership.”