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

Arcade classic Street Fighter II launches NFTs on WAX blockchain

It's shaping up to be the year in which NFTs go mainstream, thanks to successful releases by a number of household names.

Video game developer Capcom is the latest pop culture brand to enter the crypto collectibles space, launching a series of Street Fighter II-inspired NFTs on the WAX blockchain on Feb. 18. 

The digital trading cards feature renderings of characters from the ever-popular arcade game, first released 30 years ago in 1991.

Digital packs containing 10 and 60 Street Fighter II cards will be available for purchase via credit card only. Cards are released from packs in an “unpacking” process that simulates the opening of a physical trading card pack, and can also be “crafted” to form other NFTs. Unopened packs of cards frequently sell on secondary markets for much higher prices.

The sale will start on Feb. 18 at 12:00 PM EST and last for 24 hours, during which time an unlimited number of packs will be sold. Unpacking and crafting abilities will be enabled immediately upon conclusion of the sale.

Digital collectibles have been on a tear in 2021, with more than $133 million in NFT sales in the last 30 days. Over half of that – 54% to be exact – was generated by the NBA Top Shot collection, recently launched on a cryptoasset-centric blockchain by Dapper Labs.

Lee Jenkins, Product Manager at WAX, told Cointelegraph he believes blockchain technology means now is “the first time that digital ownership is truly comparable to physical ownership of an item.”

“Collectors can now own a digital item forever,” Jenkins said. “They can collect, buy, sell and trade, and items are easily verifiable as authentic, with verifiable scarcity and rarity.”

“For those companies that understand blockchain, they realize that digital collectibles (NFTs) are blockchain’s killer app, allowing them to offer products and services that were never before possible without blockchain technology.”

The market for second-hand crypto WAX-based crypto collectibles is thriving, thanks in part to WAX’s low transaction costs. Jenkins believes such factors allow WAX’s secondary markets to service the business of individual collectors. He points to statistics showing the average secondary market sale on WAX to be $3.66, whereas this same statistic for competitors is $1,608 on OpenSea and $533 on Rarible.

According to NFT data aggregator Cryptoslam.io, WAX-based projects account for 17 of the top 30 NFT producers by secondary sales volume — although Ethereum-based projects still comprise the majority of total sales. With slightly over $1.3 million in sales on the secondary market, WAX’s best-selling NFT brand is Topps’ Garbage Pail Kids, their most recent release being a caricature series based on a meme-worthy pose by U.S. senator Bernie Sanders.

Other commercial releases on WAX include series by Atari, William Shatner, and Deadmau5. There is also a growing number of original art collections that are in some cases proving to be equally or more popular, such as the KOGS, Bitcoin Origins and Blockchain Heroes series.

Capcom itself is no stranger to the blockchain. Digital collectibles maker ECOMI, home to CBS, Warner Brothers and Cartoon Network brands, has also licensed Capcom's intellectual property. ECOMI are the creators of VeVe, a virtual marketplace and showroom for high-end digital collectibles. 

https://ift.tt/37oIizO
Labels:

Comments

Post a Comment

Popular posts from this blog

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
Read more

Year of sponsorships: Celebrities who embraced crypto in 2021

From Matt Damon appearing in a TV spot for Crypto.com to Kim Kardashian shilling EthereumMax, 2021 saw celebrities with higher profiles getting into crypto. Though the crypto space has seemingly moved beyond the endorsements many minor celebrities bestowed on token projects during the 2018 initial coin offering boom, its growing popularity and acceptance now has professional sports players, Hollywood elites and politicians backing major companies dealing with digital assets. In June 2021, Kim Kardashian promoted EthereumMax (EMAX) via an Instagram story shared with  her more than 200 million followers . The token, which was used as payment for online ticket purchases for some pay-per-view events, gained 116,000% in just one week following the celebrity’s activity before falling more than 99% and leaving many investors in the red. Kim Kardashian promoting EthereumMax on Instagram Stories, June 2021. Source: Instagram Though EthereumMax is somewhat of a cautionary tale for cry...
Post a Comment
Read more

Top 3 Rebase Token Markets Shudder — Stats Show TIME, OHM, BTRFLY Lost Billions Since All-Time Highs

While the crypto economy has shed more than 3% in fiat value during the last 24 hours dropping to $2.09 trillion, the top rebase tokens by market capitalization have seen significant losses this week. At the time of writing, the rebase token economy is valued at over $3.2 billion but has lost more than 10% in value during the last 24 hours. The largest rebase token economies such as Wonderland, Olympus, and Redacted Cartel have shed between 36% to 55% over the last week. Top 3 Rebase Token Protocols Shed Billions in Value Over the Last Week, Wonderland Down 87% Since High On the first day of November 2021, Bitcoin.com News took a deep dive into the Olympus DAO and the reserve-backed asset called OHM . Olympus is a decentralized finance (defi) project that is described as a rebase token and since Olympus started, a myriad of Olympus forks have been born. Essentially, rebase token protocols adjust the token supply in a periodic fashion or when the price fluctuates. Olympus was once ...
Post a Comment
Read more