Stoner Cats The NFT project can no longer be sold on well-known marketplaces such as OpenSea, Blur and Rarible. The moves follow last week’s announcement that the U.S. Securities and Exchange Commission (SEC) brought charges against the creators with the sale of unregistered securities.
Ethereum NFTs related to the celebrity animated series were originally sold in 2021 and have since been available for trading on various trading platforms. But at the time of this writing, both Open sea And Blur do not show active Stoner Cats ads NFTBye Rare no longer hosts the project on its website.
OpenSea is still showing the project page, but a representative from the marketplace confirmed this. Decipher Stoner Cats NFTs can no longer be purchased, sold, or transferred through OpenSea. On its Community Standards page, OpenSea notes that because the site is also used as a blockchain explorer for NFTs, the company prefers to keep project pages online even when trading is disabled.
Rarible confirmed Decipher that the market “blocked them based on our monitoring of recent events.” Blur did not immediately respond to Decipherrequest for confirmation of a trade ban.
Although NFTs are no longer listed on Rarible and cannot be traded on OpenSea, they still remain on the blockchain and in holders’ wallets. And they can still be sold on marketplaces where they are listed. LooksRare And X2Y2for example, Stoner Cats NFTs have active listings at the time of this writing.
Stoner Cats was created by actress Mila Kunis, whose studio Orchard Farm Productions developed the project. The project sold NFT transactions to Ethereum that provided access to a six-part web series that followed the exploits of cartoon cats getting high.
One of the cats is voiced by Kunis, as are her husband Ashton Kutcher and other famous celebrities such as comedian Chris Rock, actress Jane Fonda, Family Guy creator Seth MacFarlane and even Ethereum founder Vitalik Buterin.
In July 2021, Stoner Cats sold 10,420 NFT passes, raising over $8 million in initial sales. The creators also received a share of more than $20 million in subsequent secondary market sales, according to the SEC.
The creators settled charges with the SEC for selling unregistered securities and agreed to pay a civil penalty of $1 million, which will be used to create an equitable fund to reimburse investors. Selection details have not yet been announced. According to the agency, the creators of Stoner Cats also agreed to destroy all remaining NFTs in their possession.
Selling NFT Stoner Cats grew up last week Following the SEC news, prices also increased – jumping from a low price (cheapest listed NFT) of 0.019 ETH ($30) on Wednesday to a recent peak of 0.082 ETH ($131) early Thursday morning, according to data Minimum NFT price. As of last week, NFTs were still trading on OpenSea and Blur.
But the price has since stabilized significantly as NFTs have disappeared from mainstream markets. The current minimum price is 0.037 ETH, or about $61.