Cool Cats Make Round of Layoffs

Cool Cats Make Round of Layoffs

The Cool Cats team has started a round of layoffs, as announced yesterday afternoon by Cool Cats Community Council member, The Good Knight, and confirmed by messages from the Cool Cats CEO in the project discord.

Details on how many individuals lost their jobs and the reason behind the layoffs have not yet emerged. 

The Cool Cats organization "had to make some difficult decisions with our team over the last 2 days," said the Cool Cats CEO (ChiefCoolCat) in the project's Discord.

He went on to state that team members were notified that they would be part of the team for the next 5 weeks, that they would receive a severance package through the end of the year, and that the team would still have access to email and communication channels. He also noted that contractors would be handled differently than team members.

Some initial first-hand stories have surfaced from former team members Senior Digital Illustrator Kittycakes and Software Developer Dani, who seem to dispute the CEO's claims. These accounts indicate that the layoffs were unannounced and those notified had virtually no time to say goodbye to other team members before their access and communication channels were disabled. 

Lucky Trader will update this story as more details are released.

More about Cool Cats

Cool Cats is a collection of 9,999 unique, randomly generated cats on the Ethereum blockchain. All cats are cool, but the Cool Cats that have a complete outfit find themselves in different rarity tiers. Cool Pets, a companion collection that was airdropped to Cool Cats holders, function as playable characters in the project's "Cooltopia" game.

At the time of publish, the Cool Cats floor price sits at 1.94 ETH, and has stayed relatively flat over the past 24 hours on 28 ETH volume of transactions. Over that same timeframe, 1 sharp wallets have sold 1 NFTs and no sharp wallets have bought NFTS in the the Cool Cats collection. Catch up on other recent Cool Cats news here.

Recent Cool Cats Sales

#8084sold at 12/07 7:12pm for
3.44
#8044sold at 12/07 5:12pm for
1.85
#9427sold at 12/07 4:12pm for
1.92
#5522sold at 12/07 4:12pm for
1.82
#4910sold at 12/07 3:12pm for
1.77

Recent Cool Cats Listings

#164listed at 12/08 2:12am for
2.59
#164listed at 12/08 2:12am for
2.59
#164listed at 12/08 2:12am for
2.59
#164listed at 12/08 1:12am for
2.59
#164listed at 12/08 1:12am for
2.59
Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice.
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