By: Eva Baxter
The trading of Stoner Cats, a cartoon NFT collection conceptualized by actress Mila Kunis, has been restricted on multiple non-fungible token (NFT) marketplaces following recent events and SEC involvement. OpenSea, Rarible, and Blur, among others, have placed varying degrees of restrictions on Stoner Cats trading as of September 18th.
While the NFTs continue to be displayed on OpenSea and Blur, trading has been suppressed through the hiding of listings and offers on individual NFT pages. OpenSea officials confirmed that while Stoner Cats cannot be bought, sold, or transferred on the platform, the collection remains listed.
On the other hand, Rarible has removed the public visibility of the Stoner Cats collection entirely, although users retain ownership of the NFTs, permitting circulation on the blockchain or trading on other compatible platforms. Meanwhile, Blur has removed all active listings post-SEC settlement.
These restrictions followed the charging of Stoner Cats' parent company for securities violations by the U.S. Securities and Exchange Commission (SEC) which resulted in a $1 million settlement. The marketplaces have not detailed their reasoning behind these restrictions, suggesting that the decisions could be speculative in nature.
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