It has been a challenging year for the crypto community as digital assets continue to struggle with recovery as more losses loom. The 75 basis points interest rate increase by the Federal Reserve has done little to quench the uncertainties in the market as cryptos fell in tandem with equities following the news.
Meanwhile, the popular NFT project Cool Cats has made a couple of announcements for developments that will help them to survive the crypto winter. The project has unveiled a new CEO, partnered with Habbo, an online game, and launched its much-anticipated Cool Cats Comic book.
New CEO – Stephen Teglas
In an official announcement on Twitter, Cool Cats revealed that it has hired “Stephen Teglas – Disney, RECUR, and Warner Bros veteran” as the new Chief Executive Officer (CEO). Stephen Teglas, who goes by the name @ChiefCoolCat on Twitter, will work to grow the Cool Cats NFT collection, the community, and the Cool Cats ecosystem, including Cool Pets.
In a Town Hall meeting hosted in a Twitter Space, Teglas outlined his plans to create more strategic partnerships and collaborations for the NFT project and ambitions to “tell CC’s story through different mediums.”
Before joining the Web3.0 space, Teglas worked for Disney, RECUR, and Warner Brothers. Therefore, his appointment is an excellent score for the NFT company. He has over 25 experience in brand management and commercialization of products. During his time at Disney, he helped build co-branded partnerships for Disney franchises like Mickey Mouse, Toy Story, and Frozen.
On joining the Web3.0 industry, Teglas first worked as a brand partnership lead for RECUR – an NFT tech company – where he helped fast-track the entry of global brands like Paramount, Nickelodeon, and Hello Kitty into the Web3.0 space.
With his extensive experience in licensing, retail sales, and consumer products, it appears that Teglas is the best fit to improve Cool Cat’s NFT collection and make the project’s Blue Cat into an Icon famous in Web3.0 and beyond.
Apart from being unveiled as the company’s new CEO, Teglas also revealed through the Town Hall meeting that the collection would make an important announcement over the coming month, one which the Cool Cats community can look forward to.
“I am thrilled to leverage my experience, knowledge, and contacts to drive the growth of Cool Cats. I am committed to delivering value to the Cool Cats holders while leveraging the knowledge and creativity of our community to show the world what’s Cool.”
Cool Cat’s Other Announcements
It has been a massive week for the Cool Cats team. To begin with, the project announced its much-awaited partnership with a twenty-year-old online game, Habbo. This partnership was revealed by Cool Cats in a Twitter post stating, “It’s official – we’re checking into @HabboNFT!”
In a follow-up tweet, the NFT project outlined the perks and benefits of the new partnerships accessible to all Cool Cats & Cool Pets holders:
“Cool Cats and Cool Pets holders will get in-game items specifically designed for the community, including clothing, backpacks, and a Cool Cats badge. Cool Cats x Habbo furniture NFTs will be announced in early October.”
In addition, Cool Cats and Habbo have plans to introduce furniture NFTs in early October.
Cool Cats also launched its Cool Cats Comic book on Thursday. However, this comic is only accessible to holders of selected Cool Cats or Cool Pets NFTs, who are required to pay 75,000 MILK tokens ($25). The Comic NFT can be purchased from the Cool Cats shop, and the minting is open until September 27.
At the beginning of this month, Cool Cats announced that it was collaborating with a mobile play-to-earn (P2E) game GAMEE – a subsidiary of Animoca Brands. This partnership saw the NFT project launch a Hex-based numbered tile game called “Cool Cats Combinations” on the mobile gaming platform Arc8 on September 8.
Cool Cats is a collection of 9,999 randomly generated NFTs picturing profile-styled blue cartoon cats. Its current floor price is 2.95 ETH (approximately $3,752 at press time), with a trading volume of 85 500 ETH in the past 24 hours, according to data from NFT Price Floor.