GuildSpace News

The world of NFTs is wide and varied, and within it are numerous projects that leave us awestruck. One such is MoonCats, a collection of cryptographically unique cats living on Ethereum.

In this article, we will explore what MoonCats are, their history, and why they have become one of the hottest topics in the NFT sphere.

MoonCats: An Introduction

MoonCats is a collection of 25,600 digital cats living on the Ethereum blockchain. Each cat is unique and owned by its holder. MoonCats was created back in 2017 but has only recently gained widespread acclaim. Its creators, Ponderware, are a small team of developers that focus on creating open-source games and apps.

The History of MoonCats

MoonCats is one of the earliest NFT projects, launched even before CryptoPunks and CryptoKitties made their mark. Its launch was planned for August 2017, but the project fell into obscurity until it was rediscovered by the public in March 2021.

Why Did MoonCats Become Popular?

MoonCats were resurrected from oblivion thanks to the NFT community. The community stumbled upon the project and began “rescuing” the cats – mining them using Ethereum. Over 25,000 cats were rescued within the first two days.

MoonCats grabbed attention not just for their unique concept, but also for their history. They have come to symbolize early NFT history and serve as a significant cultural phenomenon.

MoonCats as an Investment

MoonCat owners can do whatever they please with their cats: they can sell them, gift them, or even use them as avatars on social media. The price of MoonCats varies greatly: some have sold for amounts exceeding 100 ETH.

Conclusion

MoonCats represent a unique project in the NFT world, showing how simple digital images can become valuable collectibles. They are not just fun cat images; they symbolize early NFT history and demonstrate the possibilities that this technology offers for the creation of unique digital art.