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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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Virtual land can be worth more than the real thing after plot sells for record $1.5M

Digital land is breaking new ground in terms of the price it can fetch, sometimes beating out the real thing.

A non-fungible token, or NFT, representing digital plots of land has sold for a record $1.5 million in the crypto-tamagotchi virtual ecosystem, Axie Infinity.

The platform offers NFTs for ‘Axies’, fantasy creatures that inhabit a player-controlled virtual realm called “Lunacia.”

On Feb. 8, a community member purchased nine digital land plots in Lunancia as one parcel for 888.25 Ether — worth more than $1.5 million at the time.

Lunancia spans 90,601 plots of land in total, of which 19% are already player owned.

The purchaser, known as ‘Flying Falcon’, explained why he purchased the nine genesis plots in a tweet, stating;

“We're witnessing a historic moment; the rise of digital nations with their own systems of clearly delineated, irrevocable property rights. Axie land has entertainment value, social value, and economic value in the form of future resource flows.”

The new digital landowner noted Axie’s impressive growth during 2020, including a 743% increase in NFT holders, a 608% rise in marketplace volume, and a more than 3,000% spike in active monthly users.

The sale also marked the one-week anniversary of Axie’s Ronin Mainnet launch — the platform’s sidechain built to ease the pressure of Ethereum network congestion and gas fees on players.

Axie Infinity also plans to debut an interactive system called ‘Project K’ which will allow players to explore, decorate, battle, and harvest resources on their virtual land.

On Feb. 9, major DEX SushiSwap added a liquidity pool for holders of Axie’s native token AXS. In the past 48 hours, Sushi reports the wETH/AXS pool has accrued over $1 million in liquidity.

Digital real estate economies are rapidly gaining in popularity, Decentraland is currently one of the most popular, ranked top in terms of all-time volume at $40 million. According to Nonfungible.com, the average price of a virtual land plot is around $343.

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