Animoca Brands and its subsidiaries have made a strategic investment in the Cool Cats Group

BlockBeats News, August 8th, According to an official announcement, Animoca Brands and its affiliates (collectively "Animoca Brands") today announced that they have completed a strategic investment in the NFT brand Cool Cats Group.

Following the investment, Animoca Brands and Coin Operated Group will have a majority stake in Cool Cats Group. Animoca Brands and Coin Operated Group aim to foster innovation and growth, enhance community engagement, and explore new market opportunities for Cool Cats in the rapidly evolving NFT space.

Following the investment, Animoca Brands will appoint two new board members to drive Cool Cats' development: Animoca Brands Co-founder and Chairman Yat Siu and Kenneth Shek, Project Lead for Mocaverse and Moca Network.