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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...
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OKEx integrates .crypto domain-based payments from Unstoppable Domains

As more exchanges start to support the simplified address format, will error-prone text-string addresses become a thing of the past?

Global cryptocurrency exchange OKEx announced Feb. 9 that it has integrated support for blockchain-based addresses from Unstoppable Domains into its customer wallets.

This means that rather than needing to provide individual wallet addresses for each token type, users can send and receive any of the many currencies supported by both OKEx and Unstoppable Domains via a single .crypto or .zil domain name.

In practice, this functionality was already available for incoming transactions. The domain owner could simply set up the redirects for each currency to their OKEx wallet addresses via the Unstoppable Domains platform.

However, OKEx wallet can now accept .crypto addresses for outgoing transactions and will redirect these to the addresses specified by the domain owner.

Simplified address formats can enhance the user experience and remove one of the remaining barriers for beginners getting into the crypto space, according to OKEx CEO Jay Hao.

Blockchain domains are also censorship-resistant, meaning that it is impossible to take down or deplatform an address on the decentralized web.

Aside from its crypto-enabled web addresses, last year saw Tim Draper-backed Unstoppable Domains launch decentralized chat and email services.

OKEx’s announcement sees it following other major exchanges such as Coinbase and Huobi in supporting the .crypto and .zil address format.

OKEx also recently announced that it would implement Bitcoin’s Lightning Network during the first quarter of 2021, providing customers with faster transactions and lower fees.

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