Mila Kunis-Backed Stoner Cats Faces SEC Enforcement Action for “Unregistered” NFT Offerings

Stoner Cats NFT holders have been additionally incentivized to commerce the NFTs, receiving a 2.5% royalty for every secondary-market transaction involving the collectibles, the SEC alleges. That inspired people to purchase and promote the NFTs in a minimum of 10,000 secondary transactions value greater than $20 million, in keeping with regulators. As well as, a minimum of 20% have been resold earlier than the primary episode of the Stoner Cats internet sequence had even aired, the order reveals.