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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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Binance crypto exchange to launch its own NFT platform

Launching in June, Binance’s new NFT platform and marketplace will share the same account system as Binance.com.

Binance, the world’s largest cryptocurrency exchange, is entering the nonfungible token industry by introducing its own NFT platform and marketplace.

The company announced Monday the upcoming launch of Binance NFT, a new NFT platform that is expected to start operating in June 2021. 

Based on Binance’s blockchain infrastructure, Binance NFT aims to provide minimum NFT transaction costs, Binance NFT head Helen Hai said.

The new NFT marketplace and offerings will be available to all existing Binance users as Binance NFT will share the same account system as Binance.com.

According to the announcement, Binance NFT will debut with two main venues including a “Trading Market” allowing everyday users to create NFTs, with Binance charging a 1% processing fee. A “Premium Event” category will target exclusive collaborations and curated collections, with artists receiving 90% of profits from NFT sales. Binance CEO Changpeng Zhao said:

“Binance serves millions of users around the world, many of whom will now be able to access the booming NFT space. In line with our commitment to the freedom of money globally and building an inclusive ecosystem, the Binance NFT marketplace will also support small value creators by providing the highest liquidity and cheapest fees for users.”

NFTs are unique digital collectibles brought online using blockchain tech, the underlying technology of cryptocurrencies like Bitcoin (BTC) and Ether (ETH). Most NFTs are currently based on the Ethereum blockchain, while other blockchains like Binance’s smart contract blockchain network, Binance Smart Chain, or BSC, are beginning to enter the space. 

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