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Gas prices reached more than 600 gwei for a brief moment as NFT aficionados jumped on the latest craze, Stoner Cats.
The NFT Hype Never Left
Gas prices soared to levels unseen in a long time as the latest NFT craze took place on Tuesday. This time, Stoner Cats were the subjects of attention as NFT collectors could mint a total of 10,000 cats at a price of 0.35ETH each on the stoner cat website.
Stoner Cats is an upcoming NFT animated series created by Mila Kunis. Accompanying the launch, the unique NFT token commemorating the series premiere was released a bit later than 5 pm EST today. The cats quickly sold out in less than forty minutes, as interest was high.
One of the reasons for the heightened interest surely lies in one of the voice actors for the series, none other than Ethereum founder Vitalik Buterin himself. He will act alongside famous actors such as Seth McFarlane, Ashton Kutcher, and Chris Rock.
Welcome to kutcher kitchen talks EP 1 #KryptoWithKunis #StonerCats #nft #eth @stonercatstv @VitalikButerin https://t.co/uuejuNJZp9 pic.twitter.com/qd5QUqRn3z
— ashton kutcher (@aplusk) July 21, 2021
The narrative revolves around Ms. Stoner’s lovely cats, who are given the ability to talk due to Ms. Stoner’s magic medical marijuana. Buterin will voice an older, wiser cat named Lord Catsington.
The craze for the NFTs coincided with an impressive rise in gas prices on Ethereum, which brought to memory some of the previous popular NFT releases, which often see many users rush to make transactions.
The NFTs also serve as a lifetime pass to see all the Stoner Cats episodes in the future. At the moment, access to these episodes will be restricted only to the holders of the NFT but is expected to open up to the public shortly. A short calculation of the profit realized by the NFT sales indicates the Stoner Cats team must have made more than $8 million on the 10,000 NFTs.