The Stoner cats The NFT project can no longer be traded on prominent marketplaces such as OpenSea, Blur and Rarible. These steps follow last week’s announcement from the U.S. Securities and Exchange Commission (SEC). the makers accused with the sale of unregistered securities.
The Ethereum NFTs – which are tied to a celebrity-packed animated series – were initially sold in 2021 and have since been available for trading on various marketplaces. But as I write this, both Open sea And Fade don’t show active ads for Stoner Cats NFTswhile Rare no longer lists the project on its site.
OpenSea still shows the project page, but a marketplace representative confirmed this Declutter that Stoner Cats NFTs can no longer be bought, 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, it prefers to keep project pages online even when trading is disabled.
What Happens to Mila Kunis’ Stoner Cats NFTs After the SEC Settlement?
Rarible confirmed Declutter that the market “blocked them based on our market monitoring of recent events.” Blur did not immediately respond Declutter‘s request for confirmation of a trade ban.
Although the 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 both listed Looks rare And X2Y2for example, have active Stoner Cats NFT listings at the time of writing.
Stoner Cats was co-created by actress Mila Kunis, whose studio Orchard Farm Productions 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 getting high.
Kunis voiced one of the cats, as did her husband Ashton Kutcher and other notable celebrities such as 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, raising more than $8 million from its initial sale. According to SEC data, the makers also cut back on more than $20 million worth of sales on the secondary market that followed.
The makers settled with the SEC over charges of selling unregistered securities and agreed to pay a $1 million civil penalty, which will be used to establish a Fair Fund to reimburse investors. Eligibility details have not yet been announced. According to the agency, the creators of Stoner Cats also agreed to destroy any remaining NFTs in their possession.
Stoner Cats NFT Sales Surge After SEC Reveals Charges
Selling Stoner Cats NFTs peaked last week After the SEC news came out, prices also rose, 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, according to data from NFT price floor. The NFTs were still trading on OpenSea and Blur last week.
But the price has fallen substantially since then as NFTs have disappeared from major marketplaces. The current floor price is 0.037 ETH, or approximately $61.