In a surprising move, the popular NFT collection Cool Cats has joined the ranks of iconic characters such as Pikachu and Ronald McDonald as a balloon in the Macy's Thanksgiving Day Parade. The Cool Cats balloon features the collection's main character, Blue Cat, and the milk carton character, Chugs. This exciting development coincides with the launch of a YouTube Shorts series called "The Milk Chug," adding another dimension to the Cool Cats universe. To commemorate the occasion, a limited edition Cool Cats hoodie will be available at the Macy's store in Herald Square. This hoodie is not just any ordinary garment, as it comes with an NFC tag that links to an Azuki physical backed token. This token allows the wearer to integrate the hoodie into both the physical world and the digital world of Cool Cats' avatar system.
Cool Cats: From Artworks to NFTs
Cool Cats has an interesting origin story. It all started with artist Colin "Clon" Egan, who created a series of artworks featuring the lovable Blue Cat. In 2015, the collection made its transition to Instagram, gaining a considerable following. However, it was in 2021 that Cool Cats truly skyrocketed to fame with the launch of its NFT collection. Consisting of 9,999 Blue Cat PFPs (profile pictures), the collection quickly became one of the "blue chip" projects during the late 2021 NFT boom. Prices for these NFTs soared, with an average of $92,000 per piece. The success of the project also caught the attention of Hollywood, leading Cool Cats to sign with top agency CAA in early 2022.
Challenges and Expansions
Unfortunately, the excitement surrounding Cool Cats was short-lived. As the broader crypto market experienced a downturn, prices for the NFT collection tumbled, and community discontent started to mount. However, Cool Cats has not let these challenges deter its ambitions. Earlier this year, the collection announced plans to expand to multiple blockchain networks, ensuring its presence across various platforms. Additionally, Cool Cats licensed its intellectual property to game studios, further extending its reach into the gaming world.
The Current Status of Cool Cats
Currently, the floor price for the Cool Cats NFT collection stands at 0.99 ETH, which is equivalent to just over $2,000 at current prices. Despite the challenges faced, the collection has seen a recent spike in volume, with a 225% increase in the last day alone, amounting to 57.9 ETH. This suggests that there is still significant interest and activity surrounding Cool Cats, even amidst a volatile market.
In conclusion, the inclusion of the Cool Cats balloon in the Macy's Thanksgiving Day Parade is a testament to the collection's cultural impact and widespread recognition. From its humble beginnings as artworks by Colin "Clon" Egan to its status as a sought-after NFT collection, Cool Cats has captured the attention of art enthusiasts and crypto enthusiasts alike. While facing challenges along the way, the collection continues to adapt and expand, ensuring its relevance in the ever-evolving world of NFTs.
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