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2023 Underground Art Market Report

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Category: NFTs

Creator of Mila Kunis-backed web series ‘Stoner Cats’ targeted by SEC over NFTs, will pay $1M penalty

Check out what’s clicking on FoxBusiness.com The creator of the animated web series “Stoner Cats,” produced in part by Mila Kunis and voiced by her and her husband Ashton Kutcher, Chris Rock and other celebrities, has been charged by the SEC with “conducting an unregistered …

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September 14, 2023September 14, 2023 By AdsmithBroker

New Abyss Online Q&A Reviews Plans For PvE, PvP, And Why NFTs/Blockchain Were Part Of The Plan, But Aren’t Now

About two weeks ago we sat down with the CEO of Old World Labs Nick Liverman and asked him directly about Abyss Online‘s weird history with NFTs and blockchain, the MMORPG‘s planned monetization, and more. The interview is certainly worth a read (although we may …

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September 14, 2023September 14, 2023 By AdsmithBroker

Binance NFTs remain resilient in uncertain market

Himalay Patel Journalist Posted: September 14, 2023 Share this article Despite BNB’s recent price struggles, NFT activity on BNBchain remained robust. Binance faced challenges such as declining dApps and legal issues, which could impact both the protocol and token. Despite recent price challenges faced by …

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September 14, 2023September 14, 2023 By AdsmithBroker

Floor price of Stoner Cats NFTs up 250% after SEC action

It was widely reported yesterday that a Mila Kunis-backed NFT cartoon project called Stoner Cats had been ordered by the Securities and Exchange Commission (SEC) to cease operations, pay a fine of $1 million, and begin a “fair fund” to save money that can go …

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September 14, 2023September 15, 2023 By AdsmithBroker

Stoner Cats NFT project ruled an unregistered security

This week just got worse for married actor couple Ashton Kutcher and Mila Kunis – the US Securities and Exchange Commission has set fire to an NFT project they were involved in, Stoner Cats. Sales of the tokens funded an animated web series of the …

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September 14, 2023September 17, 2023 By AdsmithBroker

Borroe launches fractional NFTs- The Cryptonomist

SPONSORED POST* NFTs have exploded in popularity and value in recent years, creating a new wave of creativity and innovation in the Web3 space. However, NFTs also face some challenges and limitations, such as high costs, low liquidity, and limited accessibility.  To overcome these challenges …

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September 14, 2023September 14, 2023 By AdsmithBroker

SEC Fines Stoner Cats NFTs Creator $1 Million for Securities Violation

Source: Stoner Cats / Twitter The company behind Stoner Cats non-fungible tokens (NFTs) has to pay a $1 million fine and destroy all its NFTs per a settlement with the US Securities and Exchange Commission (SEC). According to the Wednesday press release, the SEC charged …

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September 14, 2023September 14, 2023 By AdsmithBroker

SEC’s Recent Actions Against NFTs Spark Controversy and Ripple’s Response

In a recent turn of events, the US Securities and Exchange Commission (SEC) has come under scrutiny for its actions against Stoner Cats 2 LLC, which conducted an unregistered offering of crypto asset securities in the form of non-fungible tokens (NFTs). The NFT sale, which …

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September 14, 2023September 14, 2023 By AdsmithBroker

Sales of Mila Kunis-backed Stoner Cats NFTs jumps after SEC crackdown

Aniket Verma Journalist Posted: September 14, 2023 Share this article The SEC claimed that the proceeds from the sale of NFTs were used to finance the web series. Surprisingly, sales volume for the collection spiked dramatically since the announcement. After fungible crypto tokens, the U.S. …

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September 14, 2023September 14, 2023 By AdsmithBroker

‘Like Star Wars Collectibles’: SEC Commissioners Dissent on Stoner Cats Enforcement

Two commissioners of the U.S. Securities and Exchange Commission (SEC), Mark T. Uyeda and Hester M. Peirce, have published a public letter of dissent on September 13 against the regulator’s decision to regard the sale of Stoner Cats NFTs as a securities sale. The Republican …

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September 14, 2023September 14, 2023 By AdsmithBroker

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