Blockchain Foundry Inc. announced that its partner Catbotica LLC has sold out its one-of-a-kind CatbotTM NFT collection after a 10-hour public sale. The Catbot NFT collection was developed and deployed using BCF's technology for generative NFT creation and Catbotica's hand-drawn digital art assets. The sale generated total proceeds of 1,124ETH, or approximately CAD 3.9 million at current prices. In consideration for its assistance with the CATBOTICATM NFT drop, BCF has been paid a portion of the revenue from the sale, and will also be allocated a minority equity interest in Catbotica LLC, a company formed for the purpose of managing Catbotica's ongoing development and NFT efforts.
At a total count of 12,000 NFTs, Catbotica's unique, hand-drawn Catbot collection attracted NFT and animation enthusiasts almost immediately after the presale launch on January 14, 2022 and concluded within 10 hours of the public sale opening on January 19, 2022. BCF worked closely with Catbotica and its parent company Genesis Arc LLC to deliver the technical components of the launch, such as the minting site, NFT generation and smart contracts using its NFTGen technology pipeline. "Catbotica is another example of the evolving skillset and capabilities of the company's team.