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. 

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. 



Interesting NFTs
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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.
Olav Myfriendsergy
Uh, hi! Olav Myfriendsergy here. I'm here to enjoy grooming and watching Stranger Things. Some people say I'm the Samwise Gamgee of the group. Will you be the cinammon to my marmalade?
Noodle Rock
soft body spline & hair simulations in cinema 4d