01/08/2021 Cats cause chaos on Ethereum again as Mila Kunis’ project sells out in 35 minutes

Data from Dune Analytics shows there was a total of 344.4 ETH ($793,000) in value lost to failed Stoner Cats transactions.

Data from Dune Analytics shows there was a total of 344.4 ETH ($793,000) in value lost to failed Stoner Cats transactions. 

Tokenized cats have once again caused chaos on the Ethereum network after a nonfungible token (NFT) project from actress Mila Kunis sold out in 35 minutes. 

NBA legend Shaquille O’Neal signs $11M Astrals NFT settlement
OpenSea users drop securities suit, Whales drive Q3 NFT comeback: Nifty Newsletter
Israel President to Receive Oath as NFT at Inauguration

It echoes the launch of another cat-based NFT project, CryptoKitties, which infamously gummed up the Ethereum network in 2017. 

The launch of Stoner Cats was initially delayed by a day after the team found a bug in the underlying art layers. However, the second attempt was successful and sold out in just “35 meow-nutes,” according to a catastrophic pun from Stoner Cats. 

Gas prices soared as NFT collectors snapped up the first tranche of Stoner Cats, which had a cap of 10,420 NFTs at a price of 0.35 Ether (ETH) each, worth roughly $804 at the time of writing. According to the project’s website, another 3,000 new NFTs will be released over the course of the first season. 

Decentralized finance analytics firm Defiprime joked that “as usual cats clogged Ethereum” on Twitter, and it shared on-chain data that showed a sharp spike in ETH gas fees ranging between 200 Gwei ($9.50) for a slow transaction and a hefty 709 Gwei ($33.67) for a rapid transaction.

According to data from Dune Analytics, there was also a total of 344.4 ETH ($793,000) in value lost to failed Stoner Cats transactions. 

Stoner Cats is an animated series that is backed by NFTs, and the characters are voiced by celebrities including Kunis, Jane Fonda, Ashton Kutcher, Seth MacFarlane and Chris Rock. The NFTs grant the owner access to watch the show, and the project uses NFT sales to finance its production. 

Ethereum co-founder Vitalik Buterin is also a voice actor for the character dubbed “Lord Catsinton,” who is described as a “spirit guide.” 

Investors have now flocked to list the NFTs on OpenSea, and a StonerCat NFT depicting Buterin’s character is currently on sale for 77 ETH worth roughly $177,000 — a percentage markup of around 9,500%. An NFT depicting MacFarlane’s character is on sale for 420 ETH, or more than $960,000. 

The short-lived surge pales in comparison to CryptoKitties, however, which famously “broke Ethereum” back in 2017 after its launch was met with overwhelming demand. 

Cointelegraph reported in May 2020 that a surprise CrypoKitties drop overwhelmed the Nifty NFT marketplace after an abundance of collectors flocked to the platform, which resulted in a series of service issues, such as slowness and failed transactions. 

Arts

https://cointelegraph.com/news/cats-cause-chaos-on-ethereum-again-as-mila-kunis-project-sells-out-in-35-minutes

Interesting NFTs
Fidenza #870
Fidenza is by far my most versatile algorithm to date. Although the program stays focused on structured curves and blocks, the varieties of scale, organization, texture, and color usage it can employ create a wide array of generative possibilities. Additional project feature(s) => Scale:Medium, Turbulence:High, Colors:Luxe, Have Margin:Yes, Spiral:No, Soft Shapes:Yes, Super Blocks:No, Collision Check:No Overlap, Outlined:No, Shape Angles:Curved, Density:Medium
Like a Human 1 #3/3
Creative Challenge - 0xCert Collaboration
Fuku-Shiva
The term “Fuku” refers to fortune or good luck. “Shiva” refers to the Hindu deity who represents strongly polar qualities, both severe and delicate. On a beach inspired by adventures on Phi Phi island in Thailand, three youths cavort. Two are representational figures and the third is psychologically rendered. A dynamic relationship ensues between the triad; a reciprocity of active and passive states. The boy on the right engages in maneuvers of evasion, defense, and is dressed in a speedo which reiterates the colors and symbolism of the caution tape on the left and upper right frame of the composition. In concurrent reaction the psychedelic figure shoots out a rocket powered paper airplane. The nude boy seated in the froth and sand approaches in passive repose, and is met with active attention but equal physical reserve by the psychedelic being. Perhaps the most naked figure is also the least representational. Looming large, dynamic, and active, it engages its companions playfully. Various symbols interject into the otherwise naturalistic scene, most notably a beach ball and two contaminated barrels nested in the sand. The upright barrel reads “FukuShima” in Kanji. The barrel laying down reads “Dharma”. To the left the scene is bounded by caution tape, reiterating the danger of the nuclear waste while also hosting alien archetypes, whose presence, as is the nature of these entities, runs up and just behind the consciousness of the psychedelic figure’s eggshell-like skull.
CryptoKitties
Good morning! I'm Kitty #394562. I've never told anyone this, but I once clawed a dog. It's not common knowledge, but my ancestry connects me to Princess Diana. I can't wait to wake you up at 4am for seemingly no reason.
#15360
By OthersideDeployer