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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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NFTs 'ten times better' than traditional art, says Beeple's $69M NFT buyer

Winner of landmark auction breaks down his investment thesis on NFTs.

Nonfungible tokens are “ten times better than their physical counterparts”, according to digital art collector MetaKovan.

The pseudonymous art patron, who was recently revealed to be blockchain entrepreneur Vingaresh Sundaresan, bought the NFT of Beeple’s “EVERYDAYS: THE FIRST 5000 DAYS” for $69 million dollars earlier this year.

Explaining the motives behind his purchase in an exclusive interview with Cointelegraph, MetaKovan pointed out that NFTs have a number of advantages over traditional artworks: they are easy to transfer, they don’t have any storage costs, and their ownership can be shared. Also, they can democratize the art world by making it more easily accessible to digital artists all over the world, regardless of their nationality and social background.

MetaKovan even said that NFTs will bring crypto into the mainstream. 

"A lot of people are going to get introduced to crypto by NFTs", he explained. 

The art patron dismissed concerns about the potential risks of a speculative bubble growing in the NFT market. He thinks the frenzy around NFTs serves the purpose of accelerating adoption.

“If there is speculation, that’s ok, because we are making everything fast”, he said.

According to MetaKovan,  the NFT market will eventually influence the price of large cryptocurrencies such as Bitcoin and Ethereum.

That could happen “in a year or so, when a lot more people will be using NFTs”, MetaKovan said.

Check out the full interview on our Youtube channel and don’t forget to subscribe!

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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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