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

Top 3 NFT brands' sales grew 381% in February

The NFT explosion is one of the most talked about events for crypto in 2021, with sales from several platforms breaking records on a weekly basis.

NFTs had their best month ever in February, according to a report by DApp statistics trackers at DappRadar. Sales volume from the top three platforms grew to $342 million in February, up almost 400% from the $71 million recorded the month before.

Sports memorabilia platform NBA Top Shot dominated the sector and is now responsible for 67% of total NFT transaction volume. The other NFT DApps in the top three are OpenSea, a general crypto collectibles market and CryptoPunks, an Ethereum-based collectibles series. CryptoPunks generated all-time high sales of $79M with the floor price of punks increasing from $10,000 to an average of $32,000.

The DappRadar report also mentioned the tremendous rise in the popularity of generative art, which is art created at least in part by autonomous systems.

High gas fees on the Ethereum network saw several DeFi and NFT projects move off the platform in February, in favor of those with less costly transactions. Binance Chain recently surpassed Ethereum in terms of transaction volume and unique active wallet count and the report noted the rapid growth of several copycat NFT projects on Binance Chain, such as Binance Punks and Bashmarks.

Despite high gas fees, statistics from CryptoSlam show that seven of last month’s top 10 best-selling NFT products are still hosted on Ethereum. NBA Top Shot uses the Flow blockchain and the remaining two arehosted on WAX.

The fastest rising brand among the top 10 is CryptoKitties, which saw a resurgence in popularity as month-over-month sales increased over 1,300%. The newest entrant to place in CryptoSlam’s top 10 sales list is Capcom’s Street Fighter II series, which is currently #8, with $1.26 M in sales since its Feb. 16 launch.

NFTs garnered so much attention in the first six weeks of the year that CoinMarketCap added a dedicated section for the sect on Feb. 15.

A record price for a single NFT sale was set on Feb. 26 when a Beeple Crossroads NFT sold for $6.6 million, more than 100 times its original price.

On Mar. 2, a new NFT sales record was set when electronic music artist 3LAU sold $11.6 M worth of NFTs from his own website in a single evening. Only hours earlier, musician Grimes completed $5.8 M in NFT sales in 20 minutes.

Not everyone is impressed by the rapid rise of NFTs. On Mar. 2, Litecoin creator Charlie Lee compared the surge in NFT popularity to the ICO craze that occurred through much of 2017. He believes their relative simplicity and low barrier to entry will encourage widespread adoption of cryptocurrency, but that ultimately “few (NFTs) will hold and have value.”

https://ift.tt/37ZCc9p
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