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

Nifty News: Ellen's NFT auction flops, Oscars controversy, Kayne's $1.8M sneakers, and more

The Golden State Warriors put the 'Legacy Collection' up for auction on OpenSea, the world's most expensive sneakers are fractionalized, and a Chadwick Boseman NFT is roundly criticized.

The much-hyped NFT sale by popular talk show host Ellen Degeneres has fallen flat, with the comedian selling just five out of ten available Gold editions of her “Woman With Stick Cat" NFT for $2,500 on the Bitski platform. Sixty-four other people paid $100 each for an open Silver edition of the same NFT.

The drawing appears to have been created with minimal effort in a bid to satirize the notion that any old celebrity-peddled junk will sell as an NFT.

A Platinum video monologue about NFTs by Ellen fetched the highest price — $14,555. In total, the sale has raised just $30,955 for the World Central Kitchen food relief charity — even after being promoted on her nationwide talk show and to her 79M followers on Twitter. But perhaps it was just the wrong audience.

While there was a backlash in some quarters of the crypto community against the sale, any mainstream publicity for NFTs is good publicity right?

Charity crypto founder wanted

Lending further weight to the idea that NFT investors are getting a little more choosy, the “world's first founding charity NFT,” Covid:aid, remains without a bid one week after opening the bidding.

Covid:aid aims to support those affected by the pandemic, and whoever buys the NFT — an image of the new charity's logo — will also received the coveted title of “Covid:aid Founding Crypto Philanthropist.” Originally listed at a reserve price of 1 ETH on April 21, the reserve was dropped to 0.1 ETH the following day, but is yet to attract a bid.

Basketball warriors

The Golden State Warriors has become the first professional sports team to release its own NFT collection on OpenSea. Up for auction this week, the Legacy Collection includes tokenized championship rings and ticket stubs from iconic games dating back to 1947, as well as NFTs including some IRL experiences. The team's interest in the space was reportedly sparked by the success of NBA Top Shot, which has made half a billion in sales since launching.

World’s most expensive sneakers fractionalized

Rare sneaker platform Rares.io snapped up Kanye West's 2008 Nike Air Yeezy 1 sneakers at a Sotheby’s auction on Monday for a cool $1.8M, making them the most expensive sneakers in history. It announced plans to fractionalize them and sell the shares to the "the sneaker community."

However, it does not appear as if the sneakers will be tokenized as NFTs — Rares’ terms and conditions do not mention digital assets, and the company’s Crunchbase profile talks about selling shares in sneakers through an app via an Initial Public Offering, or IPO. Various non-crypto fractionalized asset sites have sprung up in recent years, showing the concept is not unique to NFTs. It would arguably be easier to do using NFTs, but that’s another story.

Oscars NFT controversy

The artist behind a surprisingly controversial Oscars NFT of late-actor Chadwick Boseman has apologized and vowed to make changes. Andre Oshea was commissioned by the Academy to create the artwork, which many viewers apparently took as a sure sign Boseman was going to win Best Actor… but, of course, he was beaten by Anthony Hopkins.

The NFT was criticized for its environmental impact, the fact only 50% of the proceeds were going to charity, and for “trying to capitalize both on the tragedy of Boseman’s death and the current speculative interest in NFTs," according to Gizmodo Australia. Some took the artist to task for listing the NFT for $1.2 million, when Oshea had only spent $50 purchasing the 3D model of Boseman's head the NFT was based on. The artist released a statement on April 27 apologizing for "any upset caused":

“I now recognize that Chadwick’s face is a triggering reminder of his death rather than his life, and I will be redesigning the artwork to be auctioned off later this week.”
https://ift.tt/3vlQNFp
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