The APENFT Foundation is stepping up efforts to support promising and emerging non-fungible token projects on the Tron network. The company has announced a new strategic collaboration with Tron Cool Cats – part of the Ethereum-based group.
This new partnership will focus on providing ongoing marketing and product development support for Tron Cool Cats. Following the recent creation of a $100 million fund dedicated to investing in high-quality NFT projects, APENFT has stepped up its efforts to discover such art collections in the rapidly developing Tron NFT landscape ecosystem.
Excited to announce that we have established a strategic cooperation with Tweet embed. NFT’s own fund will be used to develop and operate Tweet embed projects. We will jointly promote the construction of the TRON NFT environment. Tweet embed Tweet embed Tweet embed 🥳 pic.twitter.com/wDxqHrs51Q
– APENFT (@apenftorg) September 25, 2021
“This strategic collaboration with APENFT means a lot to our team and the entire Cool Cats community. Not only will the deal help our kittens grow faster and stronger, but it is also a statement of our commitment to providing high quality art and outstanding support to the secondary market,” The company wrote in an email to NewsBTC.
The APENFT Foundation is an experimental project committed to bringing emerging, first-level art to the blockchain in the form of non-fungible tokens. Although not in existence for long, the company has already played a significant role in supporting some of the Tron Network’s best-known and fastest-selling NFT groups, such as Tpunks and Tron Meebits. APENFT also owns digital art pieces from the world’s top crypto artists Beeple and Pak worth over $30 million.
Tron Cool Cats Minting: Continuous meowing on Tron
Like most of the world-famous NFT collections, Tron Cool Cats consists of a series of 10,000 randomly generated artworks. Each of these cats has a distinct combination of visual traits, such as eye color, fur shade, hairstyle, clothing, and many more. These truly unique (and adorable) cats rely on the support of Palmar Labs.
Unlike the first series launched by Ethereum, Tron Cool Cats are minted using the new TRC-721 standard. As the NFT market continues to expand its frontiers, artists and developers are exploring options to reduce the costs of minting coins. With its new standard for NFTs, the Tron network offers a viable alternative to the high cost of Ethereum.
Following in the footsteps of previous projects on this network, Tron Cool Cats offers a fixed mint price of 1500 TRX or approximately $135. If these kitties are to follow the luck of their Ethereum ancestors, their owners could be looking for a massive 150-fold increase in value. As of this writing, the minimum price for Ethereum Cool Cats is 6.6 ETH, or around $19,200.
Mining of Tron Cool Cats can be done using TronLink – the go-to wallet for participants in the Tron ecosystem – from both web-based browsers as well as mobile devices. Klever wallets are also supported, according to project representatives.
Aside from their meow, Tron Cool Cats have a lot to share with their owners. The project put a TRX pool at 10% for owners of multiple cats. In other words, cat lovers who own more than 30 cats are entitled to a share of the elevated TRX.
As the next steps, Tron Cool Cats is preparing to launch its own marketplace, where cat lovers will be able to buy, sell and bid with absolute transparency in the market. But in the meantime, NFT collectors still have time to get hold of these small but very valuable creatures.
