Stoner Cats

Stoner Cats is the name for both a non-fungible token (NFTs) project as well asand its accompanying animated web series. The creators of the series are Sarah Cole, Chris Cartagena, and Ash Brannon. The project had celebrity backing, starting with Orchard Farm Productions, a production company led by actress Mila Kunis. Other celebrities thatwho participated in the web series creation included Ashton Kutcher, Chris Rock, Dax Shepard, and Seth MacFarlane, among others.

The parties responsible for producing the Stoner Cats web series set up a system where viewers could only gain access to the web series by purchasing an NFT from the Stoner Cats collection. Upon purchasing an NFT, the user could view episodes in the animated series, which was composed of episodes that are approximately five minutes long. The money that was earned through the sale of the NFTs was also leveraged to fund future episodes of the series.

The Stoner Cats NFT collection was minted, launched, and sold by Stoner Cats 2, LLC (SC2) on July 27, 2021, with 10,420 NFTs available for purchase at the price of .35 ETH (approximately $784 USD at the time of the sale). The collection sold out in approximately 40 minutes, generating more than $8 million. Each of the 10,420 NFTs werewas a digital catscat with a unique combination of attributes, such as different accessories, fur color, and background color.

The collection was launched by Mila Kunis in partnership with other cryptocurrency and NFT experts, including CryptoKitties co-foundercofounder Mack Flavelle, CryptoPoops NFT creator Jonathan Howard, and others through their studio venture, Big Head Club.

There were sevenSeven episodes of the Stoner Cats series that were released between 2021-2022. Viewers who had purchased an NFT from the Stoner Cats NFT collection can access episodes on the decentralized hosting and archiving service Arweave.

The plot of the series is set in the home of a woman (Mrs. Stoner) who is using medical marijuana to alleviate her early Alzheimer's symptoms. She has six housecats that she accidentally exposes to fumes from her medical marijuana when a box of it fell into the fireplace and started to burn, creating a cloud of smoke. The cats then start experiencing heightened feelings and intelligence, and each episode is about how the cats are navigating this newfound intelligence while also protecting Mrs. Stoner from precarious situations.

In September 2023, the company behind the Stoner Cats series (SC2) was fined $1 million by the Securities and Exchange Commission (SEC). The SEC stated that the Stoner Cats NFTs were unregistered securities as SC2 strongly suggested that the NFTs would have a significant return on investment when the holder would resellresells them on secondary markets.

SC2 also agreed to a cease-and-desist order for the sale of the Stoner Cats NFTs and to destroy all those that are in the company's possession. SC2 also agreed to create a fair fund to refund injured investors.

There were two commissioners from the SEC that dissented from the charges against SC2. In the dissent statement, the commissioners stated that NFTs sold by SC2 wereare collectibles, similar to those that have been sold in connection with other entertainment media, such as StartStar Wars. The commissioners also stated that the harsh penalties that SC2 is facing could discourage other content creators and artists from creating due to the fear of penalties for their efforts to build a fan base and distribute content.

Stoner Cats is the name for both ana non-fungible token (NFTs) project as well as its accompanying animated web series. The creators of the series are Sarah Cole, Chris Cartagena, and Ash Brannon. The project gothad celebrity backing, starting with Orchard Farm Productions, a production company led by actress Mila Kunis. Other celebrities that participated in the web series creation includeincluded Ashton Kutcher, Chris Rock, Dax Shepard, and Seth MacFarlane, among others.

The parties responsible for producing the Stoner Cats web series set up a system where viewers could only gain access to the web series by purchasing an NFT from the Stoner Cats collection. Upon purchasing an NFT, the user could gainview accessepisodes toin the animated series, which iswas composed of episodes that are approximately five minutes long. The money that was earned through the sale of the NFTs was also leveraged to fund future episodes of the series.

The Stoner Cats NFT collection was minted, launched, and sold by Stoner Cats 2, LLC (SC2) on July 27, 2021 with 10,420 NFTs available for purchase at the price of .35 ETH (approximately $784 USD at the time of the sale). The collection sold out in approximately 40 minutes generating more than $8 million.

Each of the 10,420 NFTs were digital cats with a unique combination of attributes such as different accessories, fur color, and background color.

Stoner Cats Teaser

The Stoner Cats NFT collection was minted, launched, and sold by Stoner Cats 2, LLC (SC2) on July 27, 2021 with 10,420 NFTs available for purchase at the price of .35 ETH (approximately $784 USD at the time of the sale). The collection sold out in approximately 40 minutes generating more than $8 million. Each of the 10,420 NFTs were digital cats with a unique combination of attributes such as different accessories, fur color, and background color.

The plot of the series is set in the home of a woman (Mrs. Stoner) who is using medical marijuana to alleviate her early Alzheimer's symptoms. She has six catshousecats whichthat she accidentally exposes to fumes from her medical marijuana when a box of it fell into the fireplace and started to burn, creating a cloud of smoke. The cats then start experiencing heightened feelings and intelligence and each episode is how the cats are navigating this newfound intelligence while also protecting Mrs. Stoner from precarious situations.

There were two commissioners from the SEC that dissented from the charges against SC2. In the dissent statement, the commissioners stated that NFTs sold by SC2 were collectibles, similar to those that have been sold in connection with other entertainment media such as Start Wars. The commissioners also stated that the harsh penalties that SC2 is facing could discourage other content creators and artists from creating due to the fear of penalties for their efforts to build a fan base and distribute content.

Stoner Cats is tilting the content creation model on its head and testing a new architecture using NFTs that can connect storytellers directly with their audience and decentralize content production.

Stoner Cats is the name for both an non-fungible token (NFTs) project as well as its accompanying animated web series. The creators of the series are Sarah Cole, Chris Cartagena, and Ash Brannon. The project got celebrity backing, starting with Orchard Farm Productions, a production company led by actress Mila Kunis. Other celebrities that participated in the web series creation include Ashton Kutcher, Chris Rock, Dax Shepard, and Seth MacFarlane, among others.

The parties responsible for producing the Stoner Cats web series set up a system where viewers could only gain access to the web series by purchasing an NFT from the Stoner Cats collection. Upon purchasing an NFT, the user could gain access to the animated series, which is composed of episodes that are approximately five minutes long. The money that was earned through the sale of the NFTs was also leveraged to fund future episodes of the series.

The Stoner Cats NFT collection was minted, launched, and sold by Stoner Cats 2, LLC (SC2) on July 27, 2021 with 10,420 NFTs available for purchase at the price of .35 ETH (approximately $784 USD at the time of the sale). The collection sold out in approximately 40 minutes generating more than $8 million.

Stoner Cats believes that by using NFT access tokens to reverse-finance content, they can innovate and expand upon the old NFT model.

Each of the 10,420 NFTs were digital cats with a unique combination of attributes such as different accessories, fur color, and background color.

The collection was launched by Mila Kunis in partnership with other cryptocurrency and NFT experts including CryptoKitties co-founder Mack Flavelle, CryptoPoops NFT creator Jonathan Howard, and others through their studio venture, Big Head Club.

There were seven episodes of the Stoner Cats series that were released between 2021-2022. Viewers who had purchased an NFT from the Stoner Cats NFT collection can access episodes on the decentralized hosting and archiving service Arweave.

The plot of the series is set in the home of a woman (Mrs. Stoner) who is using medical marijuana to alleviate her early Alzheimer's symptoms. She has six cats which she accidentally exposes to fumes from her medical marijuana when it fell into the fireplace and started to burn, creating a cloud of smoke. The cats then start experiencing heightened feelings and intelligence and each episode is how the cats are navigating this newfound intelligence while also protecting Mrs. Stoner from precarious situations.

In September 2023, the company behind the Stoner Cats series (SC2) was fined $1 million by the Securities and Exchange Commission (SEC). The SEC stated that the Stoner Cats NFTs were unregistered securities as SC2 strongly suggested that the NFTs would have a significant return on investment when the holder would resell them on secondary markets.

SC2 also agreed to a cease-and-desist order for the sale of the Stoner Cats NFTs and to destroy all those that are in the company's possession. SC2 also agreed to create a fair fund to refund injured investors.

There were two commissioners from the SEC that dissented from the charges. In the dissent statement, the commissioners stated that NFTs sold by SC2 were collectibles, similar to those that have been sold in connection with other entertainment media such as Start Wars. The commissioners also stated that the harsh penalties that SC2 is facing could discourage other content creators and artists from creating due to the fear of penalties for their efforts to build a fan base and distribute content.

Stoner Cats is tilting the content creation model on its head and testing a new architecture using NFTs that can connect storytellers directly with their audience and decentralize content production.

Stoner Cats believes that by using NFT access tokens to reverse-finance content, they can innovate and expand upon the old NFT model.