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
CryptoKitties
Hey cutie! I'm Kitty #169179. I'm often referred to as the Lisa Simpson of the group. Sometimes I daydream of a life full of grooming, ice cream, and watching reality tv. Let's pawty!
Michael Jordan - Crown Collection
“All you needed was one little match to start that whole fire.”- Michael Jordan. In regards to both the action on the court and everything that happened off of it, Jordan provided a spark that changed the future in so many different ways throughout his tenure in Chicago, and even decades after the fact. And, in the end, he got everything that he wanted when he began his NBA journey: he turned the team and organization as a whole into a respected program, like the dynasties he looked up to as a child. Having steered the Chicago Bulls to an incredible six championship rings in eight years from 1991-1998, scooping up five MVP awards in the process, Jordan is one of just a handful of superstars who have truly transcended their sports. Jordan and Scottie Pippen’s (right) relationship both on and off the pitch was arguably the foundation of the Bulls’ incredible success. Scottie Pippen was present with Jordan for all six championships in eight seasons. Dennis Rodman (left) His relentless and smart play perfectly suited what Jordan and Jackson wanted to do to take the Bulls to greater heights. Although his exploits off the court earned him special fame, Rodman was unquestionably one of the greatest basketball players of his generation and one of the finest defensive players in the history of the game.
CryptoPunk #8472
The CryptoPunks are 10,000 uniquely generated characters. No two are exactly alike, and each one of them can be officially owned by a single person on the Ethereum blockchain. Originally, they could be claimed for free by anybody with an Ethereum wallet, but all 10,000 were quickly claimed. Now they must be purchased from someone via the marketplace that's also embedded in the blockchain.
HaCKittieZ
Who will be the most Meowfool of the Meowfoolest?! 6 HaCKittieZ are fighting for the crown of madness! It is time for crowns to change their history: people, this is the crown of insanity we are talking about. So tell us, who is insaner than the insanest of collectors? Only the artists - the creators - would know, while crowning the one who is brave enough to play with the craziest possibilities of Async programmable art, on these 6 HaCKittieZ. Welcome to the feast of fools. HaCKittieZ is a collaboration of Hackatao, CryptoKitties and Async. The 6 KittieZ are a reinterpretation by Hackatao of the CryptoKitties’ classic elements, following their own style and getting inspiration from their own art pieces.
#56464
By OthersideDeployer