29/07/2021 Stoner Cats’ NFTs Sell Out in 35 Minutes, Netting Over $8M

Mila Kunis’ NFT project was a resounding success after selling out in just 35 minutes. But, it wasn’t without its share of bumps in the road. 

The recent Stoner Cat non-fungible token (NFT) sale had a number of ups and downs in the 40 minutes the collection took to sell out. The NFT sale was created to coincide with and promote a new adult animated series “Stoner Cats.” To hype up the show, an NFT collection of 10,420 stoner cats was minted and, as the team tweeted, “SOLD OUT in 35 meow-nutes!” Collectors were able to mint the cats for 0.35 ETH each, around $800, on the Stoner Cat website. 

The NFTs not only come with a digital piece of art, but also guaranteed lifetime access to all future episodes of the television series. Additionally, the show will debut to NFT owners first before eventually being opened up to the public. The entire ordeal, short as it was, caused Ethereum gas prices to soar and clogged up the entire network. 

Ethereum gas prices explode

The Stoner Cats NFT sale sent gas prices past 600 Gwei, a number the industry hasn’t seen in a long while. According to a Twitter post from DeFi Prime, prices for rapid transactions topped out at 709 Gwei, around $33, while the slowest option, taking 10 minutes to process, was still nearly a $10 charge. A follow-up tweet by DeFi Prime links to a page with data from Dune Analytics that states, during the frenzy, 344.4 ETH, nearly $700,000, in value was lost due to failed Stoner Cat transactions. 

The Stoner Cats show is an adult animated series featuring Kunis along with Aston Kutcher, Jane Fonda, Chris Rock, and Seth MacFarlane. Even Ethereum co-founder, Vitalik Buterin, is on the show as a character known as “Lord Catsinton,” an old dead cat.  Stoner Cats is backed by NFTs and is planning to use sales like this to finance its production. 

This sale alone netted the production around $8 million in funding. A number of the Stoner Cat NFTs are back up for sale on the OpenSea marketplace for 420 ETH, just a shade less than $1 million. 

An additional 3,000 NFTs will be minted and released during the first season of the series.

Arts

https://beincrypto.com/stoner-cats-nfts-sell-out-in-35-minutes-netting-over-8m/

Interesting NFTs
Genesis
José Delbo sent me his striking pencil sketch and powerful inked work, which I then interpreted in oil on canvas. I wanted to create a very painterly piece with obvious brush marks etc, but I was also aiming for a nostalgic feel, a kind of 1980’s superhero comic book look, the kind I grew up with. My goal with this animation was to try to recreate, in part, the creative process that both artists went through with the visual information I had. I was able to showcase my painting process more accurately as I could take photographs of my progress throughout. Consecutive images could then be layered like brush strokes over José’s drawing to create the impression that this was one continuous artwork from pencil, to ink, to completed painting. The representation of the line sketch at the beginning, then pencil/ink and lastly the paint layers being applied demonstrate both artists’ struggle for the right lines, tone, form, and colour until the work is finally completed. As the oil was still wet with each photograph the glare of my studio lights can be seen in the brush strokes. Eventually, the figure emerges and as it does, our hero comes to life, looking directly at the viewer -- but is he grimacing in approval or disgust? We will never know for sure as just before he can say anything, white paint is brushed across the canvas entirely and the process begins again. Only the bat is quick enough to escape.
#47783
By OthersideDeployer
Alex in Wonderland
A figure, Alex, stands mostly naked in the midst of a physical and psychological maelstrom. He is clad only in nostalgic 80’s era socks, on a tenuous island between active waters and a variety of shark denizens. Sharks on the right side of the image are all beached, including a shark with a quartz crystal snout, an orange shark wrapped in a life buoy, and a shark further in the distance wearing an 80’s style shirt with the number “88”. On the left side is the largest shark, wearing bright glossy red lipstick and brandishing prominent teeth with braces. She is cordoned off from the figure by a roped float divider, and within her thought bubble is a warning symbol. Behind the figure, hovering in the air, are Grey aliens emerging from the distance, out of a series of elliptical UFO shaped interdimensional membranes. The Greys take on the visual form of spermazoa ostensibly impregnating the interdimensional thresholds. As is typical, these Greys inhabit a zone just behind the unconscious topology of Alex’s dissociative mind. Though Alex’s bottom half is representative, his top half mutates into a psychological cornucopia. In a manner akin to “Auto-Erotic Sphinx”, a predecessor work, the figure has self suctioned—an act of sensual infatuation, enjoyment, and exploration. Upward exists the figure’s primary conscious eye, adorned with a revolutionary beret emblazoned with a Bitcoin badge. The figure’s summit features the nose of a fighter jet facing off against video game Bullet Bills, one of whom is marked by a communist North Korean star. A cropped section of a UFO observes the contest. Alex’s mind branches both left and right. To the left is more singular embodied consciousness, manifesting two eyes and a Ganesh trunk grasping crayons. The right branch dissociates upward diagonally, emerging into an array of eyes, faces, teeth, tail, a unicorn horn, and much more—all of which participate in expressing his unconscious being; a democracy of psychic factions representing thought impressions and associations. All illumination and darkness– fernal, infernal, high consciousness and corporeal underbelly–reside in this realm. In the distance are relatively languid, light clouds, and against the firmament hovers a colossal distant eye peering over the scene and far beyond. This painting possesses underlying genetic traits with previous works such as “Auto-Erotic Sphinx with Toys”, “Dionysus”, and “Fuku-Shiva”. The work serves also as a nod to an earlier period of art inspiration during late teens and early twenties— born out of the nakedness, vulnerability, curiosity, and wonder inherent to coming of age and all subsequent psychedelic revelation.
DΞSTINATION HΞXAGONIA BY DON DIABLO
Welcome to DΞSTINATION HΞXAGONIA. This NFT comes with a full length audio visual experience of one hour which we have carefully created over the course of the last twelve months. You will receive a unique hand-crafted box, which includes a harddrive that contains the only copy of the high-quality file of the film, making it a truly unique art piece. Welcome to the FUTURΞ.
Templar Legs
An item from The Beacon