20/09/2023 Mila Kunis' Stoner Cats Banned From NFT Marketplaces After SEC Charges

OpenSea and Rarible both confirmed that they blocked Stoner Cats NFT trades, while Blur shows no active listings after the SEC settlement.

stoner-cats-artwork-1-gID_7.jpeg

TheStoner CatsNFT project can no longer be traded at prominent marketplaces like OpenSea, Blur, and Rarible. The moves follow last week’s announcement that the United States Securities and Exchange Commission (SEC) hadcharged the creatorswith selling unregistered securities.

TheEthereumNFTs—which are tied to a celebrity-packed animated series—wereinitially sold in 2021and have been available to trade across various marketplaces since then. But as of this writing, bothOpenSeaandBlurdo not show any active listings for Stoner CatsNFTs, whileRaribleno longer lists the project on its site.

OpenSea still shows the project page, but a representative for the marketplace confirmed toDecryptthat Stoner Cats NFTs can no longer be bought, sold, or transferred via OpenSea. On itsCommunity Standardspage, OpenSea notes that because the site is also used as a blockchain explorer for NFTs, it prefers to keep project pages online even if trading has been disabled.

Rarible confirmed toDecryptthat the marketplace “blocked them based on our market monitoring of recent events.” Blur did not immediately respond toDecrypt's request for confirmation of a trading ban.

While the NFTs are no longer listed on Rarible and cannot be transacted on OpenSea, they still remain on the blockchain and in the wallets of holders. And they can still be sold at marketplaces that list them—bothLooksRareandX2Y2, for example, have active Stoner Cats NFT listings as of this writing.

Stoner Cats was co-created by actress Mila Kunis, whose Orchard Farm Productions studio developed the project. The project sold Ethereum NFTs that enabled access to the six-episode web series, which centers on the exploits of cartoon cats who get high.

Kunis voiced one of the cats, as did her husband Ashton Kutcher and other notable celebrities like comedian Chris Rock, actress Jane Fonda, “Family Guy” creator Seth McFarlane, and even Ethereum founder Vitalik Buterin.

Stoner Cats sold 10,420 NFT passes in July 2021, netting over $8 million from the primary sale. The creators also took a cut from the over $20 million worth of secondary market sales that followed, per data from the SEC.

The creators settled with the SEC over allegations of selling unregistered securities and agreed to pay a $1 million civil fine, which will be used to establish a Fair Fund to reimburse investors. Eligibility details have yet to be announced. Stoner Cats’ creators also agreed to destroy any remaining NFTs in their possession, according to the agency.

Sales of Stoner Cats NFTsspiked last weekafter the SEC news came out, and prices climbed as well—jumping from a floor price (the cheapest listed NFT) of 0.019 ETH ($30) on Wednesday to a recent peak of 0.082 ETH ($131) early Thursday, per data fromNFT Price Floor. The NFTs were still being traded on OpenSea and Blur as of last week.

But the price has settled substantially since then as the NFTs have disappeared from major marketplaces. The current floor price sits at 0.037 ETH, or about $61.

Arts

https://decrypt.co/197622/mila-kunis-stoner-cats-trading-banned-nft-marketplaces-sec?amp=1

Interesting NFTs
Bored Ape Yacht Club #1734
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.
CryptoPunk 5577
By C352B5
Auto-Erotic Sphinx with Toys
In this image, a giant sphinx spoons itself in erotic play within an aquatic styled environment littered by various denizens. These creatures include symbols and archetypes both current and nostalgic–each inhabiting a rootedness within mass cultural adolescence. Among the roster are Servbots, video game inspired mushrooms, a Pacman-like creature, a distant sea faring rubber duck, creatures sporting the symbols reminiscent of popular anime, and a Pokemon-like rabbit (a novel incarnation of Ganesha indicated by the Shiva trident on its nose). In addition, a few sea creatures partly inspired by sea monsters of western antiquity conglomerate along the mid left side of the composition. The Sphinx itself is an amalgam of aquatic, fetishist, ancient Egyptian, and 80’s style adornments, both living, as in a clown fish, or material, such as a cassette tape. Nautically colored antennae receive somatic signals from the atmosphere, perhaps from the 8 Ball moon or giant ringed planet beyond.
DuCat Offspring
Hey cutie! I'm DuCat Offspring. I believe the world is flat. I am 9% hobbit, 51% Skydiving Instructor, and otherwise bad at math. Can't wait to eat hamburgers with you!
Classical Collage
voronoi fun with some well known art