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
NFTs weekly sales surge 94% as crypto market continues bullish run
Coinsilium Group Limited: Coinsilium and Indorse to launch Global NFT Hackathon

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
Beautiful Worlds
Welcome to the ‘Beautiful worlds’ where nature and technology have merged into a single entity. These are Ai generated and hand finished visions of solarpunk future in which I would really like our future generations to live and prosper: the future we might have if we took the very “alternative route” which now lies before us: replacing states and corporations which free federations of communities and cooperatives, using decentralist and ecological technologies to create a world beyond economic scarcity and social hierarchy, defined by autonomy, mutual aid, diversity, and inclusiveness. The long-term goals of solarpunk are freedom and well-being for all by adopting and developing such ecological technologies as: solar, wind, wave and geothermal energy rather than oil or gas to generate electricity; a world of decentralized eco-cities, permaculture and vertical farming, free and open-source software, open-source hardware, small-scale fabrication laboratories, micro-manufacturing, 3D-printing, and countless examples of commons-based peer-production online: meeting the maximum amount of needs, in the shortest time, using the minimum possible amount of energy. It’s a world of decentralized and confederated eco-communities, using technology for human-centric and eco-centric ends rather than for accumulating power and profit – mending the metabolic rift between first nature (the natural world) and second nature (human culture) – and where social hierarchies of race, gender, sexuality, and disability are considered horror stories from the past “oil age”. Solarpunk desires societies of polycultural ethnic diversity and gender liberation, where each person is able to actualize themselves in societal environment of free experimentation and communal caring; This philosophy proposes that in order for the social and natural worlds to reconcile, humans must first transform their relations to each other – recreating society along egalitarian, cooperative, and democratic lines – and then transform their relations towards nature – adopting an attitude to cooperation, rather than domination, towards the planet and its nonhuman forms of life. Text by Connor Owens. This artwork took me a year to create and for you it will take a year to discover. Master autonomously updates once a day at 12am with one of 366 original artworks. Enjoy!
CryptoPunk 4156
By C352B5
Cockerel and chick
Katsushika Hokusai (1760-1849) Cockerel and chick late 1810s - Japan
CryptoKitties
What's up! I'm Kitty #451551. I want to live in a world where people believe that one day cats will rule this planet. Some people say I'm the Samwise Gamgee of the group. We're so fur-tunate to have found each other!
Bored Ape Yacht Club #3749
The Bored Ape Yacht Club is a collection of 10,000 unique Bored Ape NFTs— unique digital collectibles living on the Ethereum blockchain. Your Bored Ape doubles as your Yacht Club membership card, and grants access to members-only benefits, the first of which is access to THE BATHROOM, a collaborative graffiti board. Future areas and perks can be unlocked by the community through roadmap activation.