Skip to main content

MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
Post a Comment

Crust Network Launches Crust Storage Market, Decentralized Cloud Service Built on Polkadot

PRESS RELEASE. One of the star projects of the emerging Polkadot ecosystem, Crust Network, recently completed a several million dollar Series A financing round in September, with investors including NGC Ventures, SNZ, HashCIB, DFG, KNS Group and AU21 Capital. In 2020, Crust Network joined the Substrate Builders Program, and won a grant from the Web3 Foundation.

In one of the key stages of Crust Network launching decentralized cloud services to users worldwide, Crust has revealed more details about their Storage Market design, a network storage resource trading market that allows storage resource providers and storage resource users to transact in an open market. In order to promote the Crust Storage Market, the CSM token is being given to community members that provide liquidity on UniSwap and through other community activities. In the future, Crust plans to implement other cloud services, such as decentralized cloud computing, which will also be bought and sold through Crust Service Market.

In preparation for mainnet launch via Polkadot parachain, Crust Network launched their CC2 Maxwell testnet and “Profit Ark I & II” incentivized testnet.
The “Profit Ark I” testmet launched on November 30th and is scheduled to run for 50 days. 320,000 CRU tokens, worth approximately $1.4 million dollars, is planned to be awarded to all testnet participants. At time of writing, over 740 nodes in regions around the world have provided 40 PB of data storage as a part of “Profit Ark I”.

According to the Polkadot telemetry, the number of Crust Maxwell CC2 nodes already exceed that of Polkadot and Kusama, with storage nodes widely distributed in Europe, Asia and North America.

For the “Profit Ark II” testnet, the Crust team plans to run through the full functionality of it’s network, including staking, guarantee nodes, and other functions.

Parachain Auctions

According to news from the first edition of Polkadot Decoded on December 3rd, the parachain slot function may launch in February 2021. By that time, Crust will release a detailed roadmap about their plans to join both Kusama and Polkadot auctions. Based on the Crust whitepaper, “around 40% of the ecological development budget was planned for slot auctions and related expenses”, according to Crust CEO Bova Chen.

##

About Crust Network

CRUST provides a decentralized storage network for the Web3 ecosystem. CRUST supports multiple storage layer protocols such as IPFS, and exposes storage interfaces to the application layer. Crust’s technical stack is also capable of supporting a decentralized computing layer. CRUST is designed to build a decentralized cloud ecosystem that values data privacy and ownership.

Website: crust.network

Email: crustnetwork@gmail.com

 

Sources:

Crust Node Map & Details – https://telemetry.polkadot.io/#map/Crust%20Maxwell%20CC2

Crust Profit Ark Storage Data – https://ark.crust.network/

Crust Economy Whitepaper – https://crust-data.oss-cn-shanghai.aliyuncs.com/crust-home/whitepapers/ecowhitepaper_en.pdf

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post Crust Network Launches Crust Storage Market, Decentralized Cloud Service Built on Polkadot appeared first on Bitcoin News.

Labels:

Comments

Post a Comment

Popular posts from this blog

Earn up to 50% APY by Staking $GLQ on GraphLinq App

PRESS RELEASE. The newest utility token to offer staking to its users/holders is GraphLinq Protocol’s $GLQ. As of this article, $GLQ has 4,500+ holders according to etherscan, excluding GLQ holders on CEX like Kucoin, MXC, Gate. This is a great step for the future of the project as it will further incentivize more users to hold. Explore more about GraphLinq, its staking mechanism & steps to stake. What Is GraphLinq? GraphLinq – The No Code protocol for automating actions on-chain & off-chain, launched in just March 2021, has come a long way bringing users in the crypto space a never seen model of integrating blockchain automation on any blockchain-related/non-related task. The goal of the GraphLinq protocol is to allow users to interact blockchains with any connected system as effortlessly as possible without any prior knowledge of coding. GraphLinq ecosystem currently consists of an engine, an integrated development environment ( IDE ) & an app to provide automated...
Post a Comment
Read more

Coinsquare launches Quick Trade mobile app with instant funding

One of Canada's largest crypto exchanges has launched a new mobile application designed to streamline the buying and selling of Bitcoin and Ethereum. Coinsquare , the Toronto-based digital currency platform, has announced a new mobile trading application designed to simplify the buying and selling of cryptocurrencies in Canada.  Quick Trade was officially unveiled Monday, allowing commission-free transactions of Bitcoin ( BTC ), Ethereum ( ETH ), Litecoin ( LTC ) and Bitcoin Cash ( BTC ). A total of 15 trading pairs are available at launch, with “many more digital assets to be onboarded over the coming months,” the company said. The app is available on Android and Apple devices alongside Coinsquare’s existing mobile application, which is an extension of its web-based trading platform. In addition to commission-free trades, the new app allows for instant account funding via Interac e-Transfer – a considerable upgrade from Coinsquare’s current funding window, which can take up t...
Post a Comment
Read more

Blockchain identity market to grow $3.58B by 2025, report claims

A new forecast for the global blockchain identity management market expects growth at a compound annual growth rate of almost 71% during 2021-25. A new report on the potential for blockchain identity management solutions to become integrated across sectors has forecast strong growth for its global market, at a compound annual rate of close to 71%. The report grounds its predictions on a study broken down into segments: by sector – e.g., government, healthcare, banking, financial services and insurance (BFSI) – geography, and applications. It was published by the Lyon-headquartered market research solution provider ReportLinker.  Drawing on an analysis of several existing blockchain identity management market vendors – Accenture, Amazon, Bitfury Group, Civic Technologies, and others – the report expects the total global market to grow by $3.58 billion between 2021 and 2025. Related:  The future of DeFi is spread across multiple blockchains The study’s baseline assumption...
Post a Comment
Read more