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Sunday, May 29, 2022
Monday, May 23, 2022
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Media Man Online Blog: News, Pop Culture, Digital, Sports and more via Media Man
News, Pop Culture, Digital, Sports and more via Media Man
Entertainment Executive Believes AEW Needs To Be On A Streaming Platform
Google Local Guides Program: How To Earn Points & Badges
'Doctor Strange' tops North American box office with $185M
'Avatar: The Way of Water' teaser trailer introduces Jake, Neytiri's family
How the UFC's mixed martial arts became the biggest non-tech trade of the century
How UFC Got Social Media Right; WWE taking the fight online via social media and people power
WWE vs All Elite Wrestling, New Japan Pro-Wrestling, Impact Wrestling and the rest
Combat sports online portfolio: Media Man Int and Media Man Australia
Online forums - Online web forum list - Media Man Int and Media Man Australia
Saturday, April 30, 2022
Media Man News: Pop culture, business, sports...
Media Man News: Pop culture, business, sports...
Rupert Murdoch returns to British TV market, pins hopes on Piers Morgan
Peter Thiel wins Media Man 'Entrepreneur Of The Month' award
Elon Musk wins Media Man 'Entrepreneur Of The Month' award
'Avatar: The Way Of Water' footage, title revealed at CinemaCon; 'Avatar 1' remaster coming
Tyson Fury one of world's greatest athletes of any generation says Media Man agency
WWE vs All Elite Wrestling, New Japan Pro-Wrestling, Impact Wrestling and the rest
Jim Ross working with The Rock's company to 'go back and look at the territories
NJPW World wins Media Man 'Streaming Service Of The Month' award
Jade Cargill wins Media Man 'Wrestler Of The Month' award (Women's Division)
Thursday, April 28, 2022
Sunday, April 24, 2022
Media Man Online 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.”
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