The famous Time magazine will launch a collection of NFTs in collaboration with Cool Cats.
The latter is one of the most popular projects currently in the field of Non-Fungible Tokens. As many as 9,999 Cool Cats are listed on OpenSea, generating traffic of over 2,000 ETH in the last week alone, with an average price of 1.8 ETH each.
Probably impressed by this trend of alternative cats to Cryptokitties, the magazine’s president Keith Grossman wanted to establish a collaboration that developed in the form of a competition.
Therefore, 400 NFTs depicting Cool Cats with a copy of Time will be issued. The first four have already been minted and depict each of the four founders of Cool Cats, but there will be another 100 inspired by them, then,
- 100 x Elu’s cat
- 100 x Clons’ cat
- 100 x Xtremetom’s cat
- 100 x Lynoid’s cat
They will not be sold or auctioned but will become part of a meme competition. As explained in the official announcement, the community itself will make the NFTs: the best eight will win one of the 4 NFT CoolCats with Time already created. The remaining 392 Cool Cats will be raffled off to Cool Cats owners.
The competition kicked off on Friday, August 13, and will end on August 20 at 12 pm EST.
However, it is currently unclear which blockchain will be used for the drop. Cool Cats originated on Ethereum, although they were leveraging the Layer 2 Polygon. After the hack to Poly Network, the Cool Cats team is evidently wondering which blockchain is convenient to use, but will it be one or the other.
Meanwhile, on Twitter, Keith Grossman wrote:
Top 3 Reasons for @TIME & @coolcatsnft collab:
1.) This community exudes positivity and optimism.
2.) 🆒😺's are family friendly and connect cross-generationally – which is important when you have @timeforkids!
3.) WLTCs! Simple as that! https://t.co/GqIH4gI2MP#CoolCatsTIME pic.twitter.com/bDf1uh7dnE
— Keith A. Grossman (@KeithGrossman) August 13, 2021
Time marries NFTs
That isn’t the first time that Time has created NFTs. It already recently turned three of its covers into Non-Fungible Tokens. A sign that the historical magazine is definitely in step with the times.
The collaboration with Cool Cats is just the umpteenth demonstration.