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In a recent move that intensifies the Securities and Exchange Commission’s (SEC) crackdown on the Non-Fungible Token (NFT) sector, the SEC has charged Stoner Cats 2 (SC2) with conducting an “unregistered offering of crypto asset securities.” The charges specifically target Stoner Cats’ sale of non-fungible tokens, which raised approximately $8 million from investors to finance the production of an animated web series. SEC’s Legal Earthquake Hits NFT Market Once Again The SEC order reveals that on July 27, 2021, SC2 sold over 10,000 NFTs to investors at approximately $800 each, with the entire supply being sold out within a mere…

Today, the United States Securities and Exchange Commission (SEC) announced that “Stoner Cats,” the animated, NFT-backed web series created by Mila Kunis’s production studio, violated federal securities laws when it sold NFT passes to view the video content. But what happens now? The company behind the show, which leveraged the voice talents of numerous A-list stars including Kunis, Ashton Kutcher, Chris Rock, and Jane Fonda, has agreed to pay a $1 million fine without admitting or denying the SEC’s findings, the agency said. The SEC’s order implies that following today’s action, Stoner Cats will no longer functionally exist as an…

A new play and mint opportunity arises as Arc8, launches the Beastie collection, companions that players must grow and evolve from an egg. Once they reach maximum level, Beasties can even be minted into an NFT! Who wants a Beastie? These free to own, play to mint creatures provide various bonuses to their owners and can even be minted into NFTs when they reach a high enough level! To get a Beastie, just install and play games with Arc8, a suite of free to play, casual, PvP games on mobile devices. Beasties start as an egg, and must be fed…

The United States Securities and Exchange Commission (SEC) has charged the creators of the project Stoner Cats with selling unregistered securities around the launch of NFTs in 2021. Stoner Cats 2 LLC, the company behind the NFT-based cartoon project, agreed to a cease-and-desist order and will pay a $1 million civil penalty without admitting fault. The company will also destroy any NFTs that it still holds, and establish a “Fair Fund” to refund investors who purchased the NFTs in the primary sale. Stoner Cats was created by Orchard Farm Productions, the production studio of actress Mila Kunis, who also voiced…

Italian luxury watchmaker Panerai has announced plans to include an NFT-based “digital passport” with every watch sold after October 3rd. The Panerai Digital Passport will serve as a record containing detailed information about the watch, establishing its digital identity and providing proof of authenticity at the time of purchase. To implement this blockchain-based digital passport, Panerai has partnered with Arianee, a Web3 solution provider. The luxury brand will showcase this initiative at the upcoming Watches and Wonders exhibition in Shanghai. The transferable nature of the passport allows it to be passed on to subsequent owners, documenting the technical characteristics of…

The social browser game Pixels, initially launched on the Polygon blockchain, is gearing up to transition to the Ronin platform developed by Sky Mavis. Pixels has established a strong foothold in the Web3 gaming sector on the Polygon blockchain. According to Ronin, Pixels has recorded over 1.5 million on-chain transactions monthly. Additionally, the game maintains a solid user base. The move aims to propel the game forward on the Ronin blockchain and tap into Axie Infinity’s already massive audience.The Rise of Axie InfinitySky Mavis, a recognized entity in the blockchain gaming world, is steering this transition. The firm’s reputation grew…

Italian luxury watch manufacturer Panerai has revealed plans to include an NFT-based “digital passport” with every watch sold after October 3. The Panerai digital passport will serve as a record containing detailed information about each timepiece, establishing its digital identity and providing proof of authenticity at the time of purchase. To implement this blockchain-powered digital passport, Panerai has partnered with Arianee, a Web3 solutions provider. The luxury brand will showcase this initiative at the upcoming Watches and Wonders fair in Shanghai. The transferable nature of the passport allows it to be passed on to subsequent owners, documenting the watch’s technical…

Doe-eyed anime-inspired PFP collection, Milady Maker, has fallen foul of a rogue developer that once operated in its midst. A scruples starved individual hired for its ‘Bonkler’ project has reportedly embezzled $1 million, and hijacked its social media accounts.Over the course of September 11, events unfolded that shook the Milady Maker collection to the core. In a nutshell, a rogue developer that worked on its experimental ‘Bonkler’ project managed to siphon $1 million worth of revenue from its coffers. However, the company behind the Milady Maker collection, Remilla Corporation, has assured its community that its reserves, main contract and NFTs…

GAMEE, a subsidiary of Animoca Brands Corporation Ltd, has announced the introduction of Beasties, in-game companions designed to offer utility within its Arc8 app. This move aims to create a seamless transition between traditional gaming and the decentralized gaming ecosystem. A unique feature of this launch is the ability for players to mint NFTs at zero cost. This initiative is expected to attract a broader audience to the Arc8 platform, as it combines the familiar elements of traditional gaming with the advantages of blockchain technology.The Beasties ExperienceAs part of the Beasties launch, each player on the Arc8 platform will receive an…

Two popular games on WAX team up to bring a special contest to only a limited number of competitors! This contest involves a mini-game called Cosmic Salvagers, created through a partnership between Alien Worlds and Colonize Mars, with prizes for the top 50 players including rare NFTs and TLM tokens! In an upcoming game called Cosmic Salvagers, up to 250 players will compete for a number of prizes including TLM tokens and Alien Worlds NFTs. First place receives 20,000 TLM and an Epic RD9000 Excavator. Prizes scale down from there until 11th through 50th place who each earn 1,000 TLM…