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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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Domestic and Foreign Buyers Acquired a ‘Tokenized’ Apartment in a Spanish City by Paying With Ethereum

Domestic and Foreign Buyers Acquired a 'Tokenized' Apartment in a Spanish City by Paying With Ethereum

National and foreign buyers acquired a “tokenized” apartment in Spain with ethereum, which involved a domestic crypto exchange and a real estate investment firm. The city of Sevilla was the scenario for the crypto deal between the parties.

Transaction Was Worth Over $64,000

According to El Correo Web, the Spanish crypto exchange Criptan and the investment firm Rental IT arranged the transaction of the property, tokenized by the real estate company.

The media outlet specified the tokenization — split into several tokens and digitalized through a blockchain — was done to target 32 investors from Spain, Argentina, and Mexico. With the acquisition, the buyers that disbursed their funds paying with ethereum (ETH) participated in the investment starting from 100 euros ($117).

Afterward, Rental IT exchanged the cryptos into fiat (euros) and then purchased the property from the owner. The transaction was reportedly worth 54,773 euros ($64,430), said El Correo Web. Jorge Soriano, the cofounder of Criptan, commented on the transaction:

It is the start for small savers to access a sector that until now has been difficult to access if it was not in your own country and eliminate excess bureaucracy. In addition to confirming the total security that exists behind these transactions through blockchain technology.

In the same line, Eric Sánchez, Rental IT’s CEO, believes such transactions pave the way for other brokers to sell real estate and other goods via crypto. Moreover, he forecasts that in ten years, the real estate sector could shift towards such adoption.

Crypto Real Estate on the Rise in the Iberian Peninsula

Crypto real estate’s boom in Spain has been making the headlines in the last few months, despite the coronavirus pandemic.

Bitcoin.com News reported early in March that Piso Barato Inmobiliaria, a Tenerife-based real estate firm, has enabled the feature that allows customers to acquire properties by paying with bitcoin (BTC).

Also, another Spanish real estate platform, Idealista, listed in February its first-ever property for sale for cryptocurrency — an apartment located in the center of Barcelona.

What do you think about this transaction involving a “tokenized” apartment? Let us know in the comments section below.

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