The SEC charged Stoner Cats 2 LLC with conducting an unregistered offering of nonfungible tokens that brought in $8 million from investors.
Stoner Cats 2 did not admit or deny the SEC's findings and agreed to pay $1 million and destroy all NFTs in its possession.
A total of 10,420 unique NFTs were created based on the characters in the show, according to the project's. They were minted and sold in July of 2021. The first six episodes were accessible only to holders of the NFTs. © 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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