According to Friday’s report, Cool Cats creators of the NFT token collection have signed a contract with CAA (Creative Artists Agency), an American talent and sports agency. Cool Cats has been ranked among the top 20 NFT project in terms of annual sales volume. This follows similar NFT projects, such as Cryptopunks or Meebits.
Cool Cats Creators & CAA Ink Licensesing Deal
CAA is a talent agency that represents many clients in entertainment and sport. It has announced that it has reached a contract with Cool Cats, creators of NFTs. Rob Mehew (Colin Egan), Evan Luza and Tom Williamson created randomly generated NFTs from the Ethereum blockchain in July 2021. Cool Cats is a compilation of 9999 random cats with more than 300,000.
“The world that we’re building is full of imagination and full of just things to explore,” the project’s co-founder Colin Egan told hollywoodreporter.com author J. Clara Chan on Friday. “It’s going to be more of an experience, rather than just a JPEG,” Egan added. Egan was in high school when he created the initial versions of the cats illustrations.
Bitcoin.com News reported on several NFT projects which have been signed with talent agencies. United Talent Agency announced that the company had signed three NFT projects by Larva Labs in September 2021. CAA inked a deal with the NFT asset collector known as “0xb1” the following month in October.
At the time, CAA said that it planned to help the NFT collector 0xb1 “monetize their collection of NFTs through licensing and brand partnerships.” In mid-January 2022, the NFT project World of Women (WoW) partnered with Guy Oseary and explained that WoW’s brand will be presented across a myriad of media platforms.
Cool Cats, according to NFT collections all-time statistics, is currently the 11th most successful NFT project. Cool Cats’ total sales between 11,353 traders has reached $290.44million. This includes 35.939 sales. Cool Cats currently has a floor price of 8.5ether and $25,900 for its cheapest NFT. Cool Cats is valued at around $261million, as per metrics.
Dune Analytics data shows that between 5372 and 5 379 unique addresses have Cool Cats NFTs. Three addresses can hold 323 Cool Cats. The average owner has two Cool Cats. While the median NFT is just one, the average Cool Cats owner owns three.
Cool Cats’ co-founder Evan Luza told hollywoodreporter.com author J. Clara Chan that the goal is to “transcend the small niche that is just NFT, blockchain-centric” further with other mediums stemming from the intellectual property (IP). Yuga Labs published a teaser clip on March 19 that featured a Cool Cats NFT. It was about the secret project using apecoin.
Cool Cats also has a companion NFT project Cool Pets. This NFT collection starts as an egg-formed pet and then hatches into a pet that grows through its life. At the end of the process each Cool Pets NFT is unique and “ultimately inherits a specific element: Grass, Fire, Water or Air, with more elements introduced over time.” At the same time as the Cool Pets NFT release, the Cool Cats team further introduced the game Cooltopia. To evolve their pets, Cool Pets must complete quests.
What do you think about the Cool Cats co-founders partnering with CAA to further the project’s IP? Comment below to let us know your thoughts on this topic.
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