The non-fungible token market is currently witnessing an unprecedented increase in its sales volume. A Foxbusiness report revealed that the digital collectibles market soared to a whopping $1.5 billion within the first quarter of 2021, and the market has kept appreciating since then. The rising demand for digital collectibles has attracted investors and collectors alike into the market. This has also given rise to more NFT projects entering the NFT marketplace.
One of the NFT projects that have made waves in the market is the Cool Cats NFTs supported by Palmar Labs. They recently came out to announce that Cool Cats will be made available on the Tron blockchain-powered NFT market. Once on the Tron ecosystem, they will be known as Tron Cool Cats.
Overview of the Tron Cool Cats
Originally, Cool Cats was an Ethereum-based NFT project, a collection of 10,000 unique and randomly generated non-fungible tokens on the Ethereum blockchain protocol. Each of these Cool Cats NFTs is created from more than 300,000 possible options and they unique outfit, face, hat, and face. This makes each of them very rare in the NFT market. Now that these Cool Cats are launched on the Tron NFT market, they are referred to as Tron Cool Cats, and they have many similarities with the Ethereum-based Cool Cats. The only major difference is in the pricing of these NFTs.
The Ethereum Cool Cats was the industry’s top digital collectibles with an initial minting price of 0.06 ETH. At the moment, the cheapest Ethereum-based Cool Cat NFT on the OpenSea Marketplace goes for a floor price of 3.89 ETH. On the other hand, digital collectors can purchase freshly minted Tron blockchain-powered Cool cats for a fixed price of 1,500 TRX. Tron blockchain is a well-known blockchain protocol, and know that these kittens are making their debut on it, it’s worth looking out for.
Ethereum NFT projects have dominated the market until now, but that trend is gradually changing with the arrival of Tron NFT projects. The first NFT collectible that was launched on the Tron blockchain was appreciated quickly to the amazement of the entire team. Tunks was the first NFT project that was introduced on the Tron blockchain network, and it was very successful. TronMeetis was the second project to be introduced on the Tron network, and it hit above $1.2 in less than 24 hours. In fact, it took the project less than 36 hours to sell 20,000 digital art pieces. The latest is the Bored Ape Yacht Club Tron NFT which conquered the market within few hours.
In recent times, Tron NFTs have shown great results in the NFT secondary market. The prices of Tron-based Apes are on the rise, and each of their copied NFT primates is minted for 1000 TRX. The interesting thing here is that they are being sold for at least 10,000 TRX each. Recently, the founder and CEO of Tron blockchain bought a Tpunk NFT for a whopping $10.5 million, and this helped boost the market even further. The Tron Cool Cats appears to be in the best position to fast-track the growth of the Tron NFT market.
How Tron Cool Cats Will Benefit Owners
Tron is currently building a community of Tron Cool Cats owners, and they will also be launching a 10% for owners who hold at least 30 Cool Cats. They will be giving back 10% TRX generated by the minting to Tron Cool Cats non-fungible token collectors. Those with 30+ Tron Cool Cats will share 3%, while fans with more than 150 Cool Cats will share the remaining 7%. This is exceptionally cool and thoughtful of the team behind this project.
