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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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NFT representing incinerated Banksy painting fetches nearly $400k

A tokenized version of a destroyed Banksy painting sold for nearly $400,000 on NFT marketplace OpenSea.

A non-fungible token, or NFT, depicting an incinerated painting created by renowned British street artist, Banksy, has sold for nearly $400,000.

On March 8, the token was sold on NFT marketplace OpenSea for 228.69 Ether — worth roughly $382,000 at the time of writing. The sale followed three days of bidding, with approximately 70 bidders pushing the price up from a starting price of 0.00001 ETH.

The NFT was created by “Burnt Banksy," a group of crypto investors who purchased Banky’s painting “Morons” for roughly $100,000 in February.

Morons is a painting satirizing the art industry that depicts a bustling auction for a framed canvas donned with capitalized words reading: “I can’t believe you morons buy this shit.” On March 4, the artwork’s owners incinerated the painting on a Twitter live stream at an unknown location in Brooklyn, New York.

The Morons NFT was sold to ‘Galaxy,’ an OpenSea user who currently has four NFTs on display, including a satirical piece depicting renowned artist Frida Kahlo as Kim Kardashian in her infamous ‘internet-breaking’ photoshoot from 2014.

While the token is the first NFT to represent a verified Banksy painting that has been incinerated, it is not the first to depict an artwork that was destroyed after being tokenized.

In August 2020, former ‘That 70’s Show’ star Ashton Kutcher created a tokenized representation of a notepad scribble depicting a dozen pairs of eyes, a star, and his signature. The NFT was put up for charity auction on Cryptograph marketplace.

In February, the investor who purchased an NFT created by celebrity Lindsay Lohan then proceeded to burn it — sending the token to a verifiably un-spendable wallet address so that nobody can own or trade the token in the future. The decision was commended by the popular crypto commentator, DeFi Dude:

https://ift.tt/3v6vjgf
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