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...
Blockchain development platform Reach is aiming to create universally compatible DApps by building a javascript-like programming language.
Reach, a blockchain development platform for decentralized applications, has raised $12 million from investors to further its goals of simplifying the DApp creation process, the company announced on May 26.
The latest funding round takes the total sum raised by Reach to $48 million, as the firm aims to produce a javascript-like programming language for use in building blockchain applications. At present, most major blockchains launch with their own unique programming languages, meaning the applications built on each platform are rarely compatible with any other.
Reach launched in 2019, and has thus far achieved compatibility with the Ethereum and Algorand blockchains, with plans to expand the compatibility of its code compiler to adapt to any network.
Reach founder and CEO Chris Swenor said the fundraise took the project closer to becoming the main platform for interoperable DApp development.
“This investment accelerates our path to becoming the primary method the world builds decentralized applications that will form the basis of global interaction. We are thrilled by the momentum we have seen so far and the unprecedented support by investors and pioneering networks who share our vision for bringing blockchain mainstream,” said Swenor.
Ethereum is already home to the largest percentage of blockchain developers, with twice as many as the foremost cryptocurrency, Bitcoin (BTC), according to some reports. Algorand launched in 2019 with the goal of scaling blockchain performance — a goal it has since made progress toward with a reported 1,000 transactions per second and sub-cent fees.
Algorand CEO Steve Kokinos talked up the importance of having simple programming languages that are accessible to all developers — something that must be achieved if Algorand’s visions are to be realized.
“We believe it is critical to empower all developers with simple languages that put safety and correctness at the forefront. This is aligned with our vision for the future of finance where smart contract infrastructure will support billions of dollars of value and exchange around the world,” Kokinos said.
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