Updated: Sep 30, 2021
Stoner Cats is an animated series created by Chris Cartagena, Sarah Cole, and Ash Brannon. Ash will be in charge of the animations while Chris & Sarah handle the editing. The development team is joined by a star-studded cast including Ashton Kutcher, Mila Kunis, Chris Rock, Seth McFarlane, and Jane Fonda who will each be voicing different Stoner Cat characters. Oh and I almost forgot to mention... Vitalik Buterin is also a cast member!
Mint price: 0.35 ETH
Launch date: July 26, 2021
Episodes: 6 (season 1)
Stoner Cat NFTs
What is included with my Stoner Cat NFT?
Access to watch Stoner Cats episodes
Become part of the content creation process (Discord)
Access to "exclusive stuff and fun perks"
Lifetime pass to Orchard Farm Productions content
An important distinction between this project and many others is that Stoner Cat NFTs do NOT include commercial rights. Stoner Cats act as a ticket to watch the animated series and have an influence in the content creation side of this project. NFT holders will also receive exclusive content which is still undisclosed at the moment. Each secondary sale of Stoner Cats have a 1% transaction fee that will be donated charities helping with Alzheimer's research.
Once 100% of the cats have been minted, Big Head Club and Orchard Farm Productions will be co-developing a DAO for token holders. The DAO will exist to create animation projects over the span of the next 3 years.
When initially sitting down to write this post I wanted to support Stoner Cats but it is difficult to be bullish with the information that is currently available. I have a difficult time finding the upside in this project.
Where everything stands today, the only real benefit of minting Stoner Cats is being granted access to watch the series. It's hard to justify a 0.35 ETH mint price (≈$820) with the current lack of benefits to NFT holders. Why would someone spend $820 to watch one animated series when they can get a yearly membership to Netflix, Hulu, HBO, Disney+, AND STILL have money left over?? It makes no sense.
Stoner Cats is essentially putting the series' production cost on the minters while lacking substantial benefits to offset the cost. Until Stoner Cats establishes mutual benefits for its community, I see it having a hard time gaining traction. This is basically a Kickstarter project disguised as an NFT community.
Influential celebrity cast
Decentralized IP has huge untapped potential
High barrier to entry
Unsubstantial benefits to NFT owners
Lack of community engagement
The risk outweighs the rewards so for that reason I'm out. My strategy is to keep watching the Discord to see if there are any changes to the problems I listed. If not - I have no compelling reason to join the Stoner Cats community.
Once people realize the mint price is much too high I think one of two things will happen:
The Stoner Cats team will be forced to lower the mint price
Early minters will sell their cats below 0.35 ETH on the secondary market
If either of these two scenarios happens, only then will I consider joining the community. It'll be interesting to see what happens and I wish the Stoner Cats team a successful launch but as of now I will stay on the cautious side. Hopefully they are responsive to the feedback from the NFT community and can restructure some of the benefits offered so that there is more value in minting Stoner Cats.