Cool Cats have long been a favourite in the NFT space due to their vibrant artwork and friendly, engaging Discord and Twitter communities, with many holders choosing to use their Cool Cat as a profile picture (PFP).
The collection is now the third generative PFP collection – a collection that typically has 10,000 unique NFTs – to reach the 10 ETH price floor milestone behind CryptoPunks and Bored Ape Yacht Club, which are considered to be the leading ‘blue-chip’ projects in the NFT space.
— xtremetom 🆒😺 (@xtremetom) September 26, 2021
Additional data from Coingecko also shows the growth of Cool Cats over the course of the past 30 days, with the floor price – the minimum an NFT can be bought for – increasing from 2.8 ETH on August 27 to the current floor price of 10.75 ETH ($33k).
A number of record sales have also been seen in the past week for the highly collectable TV Heads. The record purchase of a Cool Cat was made by crypto wallet provider and prominent NFT collector CoinUnited who bought one of nine incredibly scarce ‘hidden cats’ for 110 ETH.
We are so glad to land the coolest Cool Cat at https://t.co/XfBmsMC5Dk ! We took him home at the cost of 110 ETH (~350,000 USD).
Welcome aboard to our big family, Cool Cat #3330 !
— CoinUnited.io (@realCoinUnited) August 21, 2021
Leading NFT investor and “Cool Cats Maxi’ Farokh also owns a collection of 17 Cool Cats, including two TV Heads and his highly sought-after Afro Rainbow Unicorn cat, which he proudly wears as his PFP.
He also recently called Cool Cats “the Pokémon of Web3”, referring to their collectable nature and important role in onboarding and attracting new buyers to the Web3 and NFT spaces.
Cool Cats are the Pokémon of Web3. Yes, Pokémon can and will come into the NFT space, but the Cool Cats are born from it, and that is their competitive advantage.
— Farokh.eth LOVES THE CATS (@farokh) September 26, 2021
The upcoming introduction of NFT verification on Twitter also brings an added incentive to Cool Cat holders – access to the Cool Cats community through verifiable ownership and the opportunity to ‘flex’ their rare cats in a friendly, engaging environment.
The president of TIME Magazine, Keith Grossman, has been a long-time supporter of Cool Cats and even wears a teaser PFP that features a group of Cool Cats on the front of the magazine.
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.