Cool Cats, a beloved non-fungible token (NFT) collection and bluechip project on Ethereum, is revamping its appearance in order to attract more than just Web3 fans as well as looking to take the collection multi-chain!

Full information can be found via the Cool Cats Townhall video recap.

What are Cool Cats NFT?

The Cool Cats NFTs are a trend-defining collection of 9,999 NFTs with an extraordinary hand-drawn comic book aesthetic taking the blockchain by storm. With more than 300,000 options from which to randomly generate each individual NFT, you can guarantee no two cats will be exactly alike - sporting unique bodies and facial features plus a range of vibrant colors and outfits.

The Cool Cats project was one of the most sought-after profile picture projects during the 2021 Non-Fungible Token market boom, but its prices plummeted last year due to rising complaints from collectors. Now, however, the founders behind this platform have announced an exciting new development with updated branding and additions—including customizable full-body avatars that will extend beyond Ethereum's realm.

How much is a Cool Cat NFT worth?

As of February 2023 the Cool Cats NFT is sitting above a 2 ETH support (2.3 ETH as of 1/2/23), which is currently over USD $1.k per NFT. They have done a total trading volume of over 100k ETH since they minted in July 2021.

Cool Cats skyrocketed in late 2021, as the NFT market rose and drove the floor price - or the cheapest-listed NFT on a secondary marketplace - to nearly 14 ETH (over $48,000) that October. Then, in March 2022 Creative Artists Agency (CAA) partnered with Cool Cats to launch media and licensing deals.

Last year brought dramatic shifts in the cost of Cool Cats, due to high-level personnel departures and objections towards its launch. It appears that there were complaints from investors claiming the founders failed to show enough commitment toward its development.

Boasting an impressive $377 million in secondary market trading volume, per CryptoSlam data, Cool Cats has made a name for itself. The renowned brand's spinoff collection Cool Pets added even more to that tally with over $105 million! Furthermore, the company recently struck deals with Time magazine and hardware wallet maker Ledger to create limited-edition NFTs and marketing campaigns respectively - propelling the brand further into mainstream success.

The Cool Cats Rebrand

At the Townhall meeting, the founders of Blue Cat Collection unveiled their ambitions to become a global powerhouse and use its valuable IP assets to provide fresh content. Its beloved character, Blue Cat, will be at the centre of operations in Cooltopia, an immersive metaverse, allowing users to explore beyond its traditional collector fan base.

Their new logo features what they describe as a confident and determined cat facing forward to the future, symbolizing the project's commitment to creating a better tomorrow.

Cool Cats Multi-Chain NFT

Cool Cats and Cool Pets NFT holders will soon be gifted with a complimentary Fracture NFT, as described by Robert Mehew, co-founder and Head of Content for the project. He stated that these dynamic non-fungible tokens offer an entirely new approach to storytelling through digital collectables. They will "evolve" when users complete missions within the captivating narrative world known as "Cooltopia", eventually uncovering potential rewards.

But it doesn't end there! Later this year, the Cool Cats project will steadily expand with the launch of Explorers NFTs, offering full-body customizable avatars that can be used across multiple blockchain networks and accessed in many different apps or platforms.

It has been suggested that Explorers NFTs will be interoperable across multiple layer-1 blockchains and layer-2 scaling networks, even those not compatible with Ethereum Virtual Machines (EVMs).

Bright Future For Cool Cats?

Will Cool Cats be able to maintain its "blue chip" standing after an unpredictable year by implementing a new look, gamified reward NFTs for current owners, and widespread avatar representation across various blockchain networks?

While you can never take anything for granted in the NFT space, we'll be definitely keeping an eye on how things transpire.