OpenSea, Blur and Rarible restrict trading of NFT series Stoner Cats after US SEC action
2023-09-19 01:21:51
Odaily News As of now, at least three NFT markets have restricted the trading of the NFT series “Stoner Cats”. Each market has taken a different approach to limiting Stoner Cats. OpenSea and Blur continue to showcase items from the collection, but both block transactions by hiding listings and offers under a single NFT page. An OpenSea spokesperson confirmed that Stoner Cats cannot be bought, sold or transferred on the platform, but said the series has not been delisted or removed. In addition, Rarible has hidden the entire collection of Stoner Cats, and Rarible’s official website assures users that they still own the relevant NFT; like most NFTs, these items can circulate freely on the blockchain or be traded on other compatible markets. Rarible responded by saying it had blocked access to Stoner Cats based on its market monitoring of recent events. (Cryptoslate) Previously, the US SEC accused Stoner Cats 2 LLC (SC2) of conducting an unregistered crypto asset securities issuance in the form of NFT, raising approximately US$8 million to fund an animated web series called Stoner.
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