The Stoner Cats NFT project can no longer be traded at prominent marketplaces like OpenSea, Blur, and Rarible. The moves follow last week’s announcement that…
In the past two weeks, the U.S. Securities and Exchange Commission (“SEC”) announced two enforcement actions against non-fungible token (“NFT”) platforms Impact Theory, LLC (“Impact.
OpenSea, once the leading marketplace for non-fungible tokens, was built on a promise of royalties to digital artists each time their works were resold. Then came upstart Blur, whose no-fee, trader oriented platform put the focus on pricing and costs.
Hollywood couple Ashton Kutcher and Mila Kunis' adult animated series Stoner Cats has been fined $1 million by the Securities and Exchange Commission (SEC)…
The Securities and Exchange Commission charged Stoner Cats 2 LLC with the sale of an unregistered crypto, or NFT. This was used to promote the originator’s plan to run a webseries. In all, more than 10,000 NFTs sold for approximately US$ 800 each. The NFTs were popular and lasted just over a half hour before…