Bitcoin Cafe Casino Connection
Thursday, April 28, 2022
Sunday, April 24, 2022
Media Man Digital Blog: OpenSea Delists Sands Vegas Casino Club NFTs after Cease & Desist Orders
OpenSea Delists Sands Vegas Casino Club NFTs after Cease & Desist Orders
OpenSea Delists Sands Vegas Casino Club Gambler NFTs.
This month two U.S states issued cease-and-desist orders to Sands Vegas Casino Club for NFT sales.
Sands Vegas Casino Club reportedly sold NFTs to fund a Metaverse casino, classifying them as securities.
It has been a mixed year for leading NFT marketplace OpenSea. In January, OpenSea saw trading volumes hit a record high before a sharp decline through February and March.
NFT market conditions have improved in April, with OpenSea Ethereum (ETH) based NFT trading volumes already sitting above March levels.
According to Dune Analytics, Ethereum-based NFT trading volume for April sits at $2.68bn with a week to go. For March, trading volumes stood at $2.49bn.
With NFT market conditions improving, OpenSea appears to be taking a more cautious approach to avoid regulatory fallout.
OpenSea Delists Sands Vegas Casino Club NFT Sales
This week, OpenSea suspended the sale of Sands Vegas Casino Club Gambler Ape NFTs. This time last week, OpenSea continued to allow the trading of the Gambler NFTs despite regulatory action against the virtual casino.
According to the Sand Vegas roadmap, Sand Vegas Casino acquired 27 plots in Sandbox in January 2022. The virtual casino aimed to meet all regulatory/legal requirements between March and August 2022.
The OpenSea Help Center states that it delists NFTs if it determines the NFT to:
The delisting will cut a funding source for the virtual casino.
Owners of the Gambler NFTs purportedly share in half the casino profits generated.
The OpenSea delisting follows the cease & desist orders from the states of Texas and Alabama.
While the casino website is still up and running and states that the SVCC NFTs are sold out, the Twitter account @sandsvegascasino no longer exists.
Alabama and Texas Issue Sands Vegas Cease-and-Desist Orders
This month FX Empire reported on Alabama and Texas issuing Sands Vegas Casino Club with cease-and-desist orders.
The two states said that the online casino sold NFTs to fund operations. According to the state laws of Alabama and Texas, the NFTs constituted an illegal securities offering.
The Texas State Securities Board press release stated that the virtual casino offered,
“11,111 Gambler NFTs in connection with their development metaverse casinos in popular metaverses such as the Sandbox (SAND), Decentraland (MANA), Infinity Void, and NFT Worlds.”
The press release went on to say,
“Gamblers, acting through avatars, can enter the metaverse casino and play poker and other games using cryptocurrencies. Purchasers of the Gambler NFTs profit from these operations. Not only do they become owners of the metaverse casinos, but they also purportedly share in half the profits generated.”
Monday, April 18, 2022
Saturday, April 16, 2022
Tuesday, April 12, 2022
Monday, April 11, 2022
Sunday, April 10, 2022
Google PaLM Algorithm: Path To Next Generation Language Models (Search Engine Journal)
Google PaLM Algorithm: Path To Next Generation Language Models (Search Engine Journal)
Greg Tingle (Media Man Group
Further down the A.I rabbit hole we go. I do know that our smartphones today which are almost extensions of ourselves were science fiction less than a hundred years ago. The smartphone and all it does is very much science-fact and absolute reality. But, were do we draw a line between the human body, our souls, and the digital world? Some say bring it on and go as far as you can, and others suggest to pause, re-think, and perhaps take a few steps back. It's all a matter of individual choice for the most part (unless you can an employer attempting to mandate A.I into the workforce and soul). Pop culture reference: The Simpsons. Look it up ala "predictive programming", or something else? Of course, there's always the off button on a computer or phone, or Thor hammer if you must. *Typed by a real human-being... no bots here SEJ crew. Beam me up Scotty.
Saturday, April 09, 2022
Wednesday, April 06, 2022
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