Image to accompany article about what Ethereum investors should know about NFTsNextAdvisor/Stoner CatsEditorial Independence

We want to help you make more informed decisions. Some links on this page — clearly marked — may take you to a partner website and may result in us earning a referral commission. For more information, see How We Make Money.

“Stoner Cats” is a cute and funny adult cartoon about cats that get up to all kinds of misadventures. It’s voiced by big-time celebrities like Mila Kunis and Chris Rock, but you can’t find Stoner Cats on any cable network or streaming platform. 

To watch it, you have to buy one of the show’s NFTs, or non-fungible tokens, using a cryptocurrency called Ethereum. The initial run of “Stoner Cats” NFTs — collectible, unique images of cats in the digital animation style of the series — has already sold out, at .35 ETH apiece, or just over $1,000 (depending on the price of Ethereum). That’s a lot of money to watch an animated series about cats.  

“Stoner Cats” turned to NFTs as a way to crowdfund production after facing difficulty getting the show cleared through traditional Hollywood routes, says Lisa Sterbakov, production director at Orchard Farm Productions, the company behind the series. Production partner Mila Kunis had the idea to tap into the crypto-adjacent NFT phenomenon that popped up earlier this year, she says.

NFTs — which have drawn attention from mainstream companies ranging from American Express to Gucci — are most commonly built on the Ethereum blockchain. For investors betting on a long-term increase in the value of Ethereum, more people buying ether for NFTs has potential to be a very good thing. Source Why Crypto Investors Should Know About Mila Kunis’ ‘Stoner Cats’ | NextAdvisor with TIME

#

By block head

Block Head is a blockchain journalist.