When NFTs boomed in late 2021, one assortment hit unimaginable highs – and though it noticed a dramatic fall, their dedication has seen the gathering rework right into a rapidly-growing leisure powerhouse.
That assortment is Cool Cats.
In simply 3 years, they’ve gone from an unknown cartoon character to a premiere model that spans animations, manga, bodily collectibles and extra – however how did they get there?
Right here’s our full 2024 information to Cool Cats.
What’s Cool Cats?
Cool Cats is a group of 9,999 cartoon-style NFT avatars on Ethereum. Every avatar options the Blue Cat character with a fusion of traits, corresponding to clothes, hairstyles, equipment and extra.
The gathering was created by a four-strong group:
Colin Egan (Clon): Chief artist, and the creator of Blue Cat.Evan Luza (Elu): Inventive director.Tom Williamson (xtremetom): Blockchain skilled, and technical lead.Rob Mehew (Lynqoid): Mission supervisor, overseeing every day operations.
Tom and Rob departed Cool Cats in April 2023, while Clon and Elu are nonetheless with the model to at the present time.
The concepts behind Cool Cats started with illustrations Clon made in highschool, and the Blue Cat character may be traced again over 10 years in the past. A number of iterations and modifications have been made throughout that point, ultimately touchdown on the character we all know immediately.
The historical past of Cool Cats
Cool Cats minted on July 1, 2021, priced at 0.06 ETH every (round $150 USD on the time). Solely 300 NFTs have been initially bought, main the group to scale back the worth to 0.02 ETH (round $50 USD) – and the gathering subsequently bought out in simply 8 hours.
Eight days after launch, boxing legend Mike Tyson modified his Twitter profile image to a Cool Cat NFT, with different celebrities corresponding to Reese Witherspoon, Alexis Ohanian and Steve Aoki doing the identical, giving the gathering an enormous preliminary increase.
Early 2022 sawCool Cats create the Cool Pets companion assortment, with 19,999 distinctive companion NFTs. Half have been reserved for Cool Cats holders, with the remainder have been obtainable to the general public. Every pet began as an egg which – via interacting with the Cooltopia on-line platform – may hatch right into a pet with considered one of 4 components: Grass, Fireplace, Water, or Air.
Alongside Cool Pets got here $MILK, an ecosystem token for Cool Cats. Holders earned $MILK by finishing every day quests, or by proudly owning a Cool Cat NFT. Each Cooltopia and $MILK have been retired in July 2023.
By March 2022, Cool Cats was well-known as one of many prime NFT initiatives, rating eleventh in all-time gross sales with over $290 million USD in transactions, and hitting an all-time excessive ground worth of $92,000 USD.
June 2022 noticed Cool Cats create Cooltopia within the flesh in New York Metropolis, throughout an in-person pop-up. September 2022 noticed former Disney and Warner Bros SVP Stephen Teglas be part of as CEO – and although his tenure was short-lived, he drove a brand new search for the model that gave them sturdy foundations for future success.
The remainder of 2022 and early 2023 noticed a partnership with OneFootball for Cool Cats FC, the debut of SideKX and Shadow Wolves as new companion NFTs, and the announcement of a serious partnership with Futureverse.
November 2023 noticed Cool Cats function as a part of Macy’s 2023 Thanksgiving Day Parade, watched by an estimated 28.5 million folks world wide.
That month additionally noticed the debut of “The Milk Chug”, the inaugural animated collection from Cool Cats, created by animation studio Titmouse. The collection formally premiered in September 2024, with the discharge of weekly episodes over an anticipated 13-episode debut season.
Cool Cats grew additional in July 2024, saying a partnership with Kodansha – finest recognized for publishing Akira and Assault on Titan – to provide a serialised manga collection based mostly on the Blue Cat character.
Regardless of all of this success, it hasn’t all the time been a clean experience. The partnership with Futureverse has been broadly criticised, particularly after the cancellation of their first main sport mission in summer time 2023. With a lot of the core group departing shortly thereafter, backlash solely elevated, with some questioning Cool Cats’ dedication to their holders and the web3 group at giant.
What’s subsequent for Cool Cats?
Clon’s aim is to see Blue Cat change into a cartoon icon, and Cool Cats is his finest alternative but at with the ability to do this.
Cool Cats signed with the Inventive Artists Company (CAA) in March 2022, and it’s clearer that the main target of Cool Cats is on constructing mainstream cultural enchantment.
While particulars are beneath wraps, the group has hinted at numerous future developments:
Cooltopia: Though their Sapphire City sport was cancelled, new interactive experiences are anticipated to be delivered.Bodily items: Cool Cats has all the time produced high quality bodily items, and followers eagerly await extra to return.Animations: Ought to Collection 1 of The Milk Chug be successful, we’re more likely to see additional animations that includes Blue Cat.Reside occasions: Cooltopia 2022 at NFT.NYC was properly obtained, with each followers and holders excited for future in-person experiences.
Cool Cats might not have the ground worth of contemporaries corresponding to Bored Apes, Pudgy Penguins and Azuki, however with their manga, animated collection and extra, their prominence continues to rise.
Clon has constructed a stellar group, and one which believes in him, his imaginative and prescient, and the potential of Blue Cat. With The Milk Chug gathering spectacular viewership – Episode 5 gathering over 100,000 views in 48 hours – followers hope to see Cool Cats stand alongside main leisure icons not simply in web3, however in all of popular culture.
