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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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No. 1 NFL Draft Pick Trevor Lawrence Puts His Signing Bonus in Cryptocurrencies, Estimated Worth $24 Million

No. 1 NFL Draft Pick Trevor Lawrence has reportedly converted his entire signing bonus to cryptocurrencies via crypto firm Blockfolio. Lawrence is the top overall pick in the 2021 National Football League. His signing bonus is estimated to be around $24 million.

NFL Draft Pick Trevor Lawrence Converts Signing Bonus to Cryptocurrencies

Clemson quarterback Trevor Lawrence was selected No. 1 overall in the 2021 NFL Draft by the Jacksonville Jaguars on Thursday night.

The 6-foot-6, 220-pounder has partnered with crypto management and trading platform Blockfolio where has reportedly converted his sign-on bonus to cryptocurrencies. Lawrence tweeted last week: “Pumped to announce I’ve joined Blockfolio. Excited to help bring these two worlds together.” He also said:

When it comes to my crypto portfolio, I wanted a long-term partner in the space that I could trust.

No. 1 NFL Draft Pick Trevor Lawrence Puts His Signing Bonus in Cryptocurrencies, Estimated Worth $24 Million

According to Dealbook, “The quarterback’s first payment was made exclusively in crypto tokens transferred directly into his Blockfolio account.” While the company did not disclose the terms of the agreement, a spokesman noted that Lawrence’s signing bonus “was already worth more on Sunday than when it was deposited on Friday night.” The publication added that “Future payments will be made in whatever combination of dollars and crypto Lawrence chooses.”

The payment deposited Friday was reportedly converted into three cryptocurrencies: bitcoin (BTC), ethereum (ETH), and solana (SOL).

While the amount of Lawrence’s sign-on bonus was not disclosed, Spotrac estimates it to be $24.1 million.

No. 1 NFL Draft Pick Trevor Lawrence Puts His Signing Bonus in Cryptocurrencies, Estimated Worth $24 Million

In addition, Sam Bankman-Fried, CEO of cryptocurrency exchange FTX which acquired Blockfolio last year, tweeted Thursday: “Congrats on being the #1 pick Trevor Lawrence. We’ve got a surprise for you — check your Blockfolio account for $25k of SOL. Tonight is on crypto, thanks to you.”

A growing number of professional athletes have chosen to get paid in bitcoin. Following Russell Okung who converted half of his $13-million salary to BTC, NFL player for Kansas City Chiefs Sean Culkin converted 100% of his salary to bitcoin. Earlier this month, the NBA Team Sacramento Kings said it will offer players the option of getting paid in the cryptocurrency.

What do you think about Trevor Lawrence converting his singing bonus to cryptocurrencies? Let us know in the comments section below.

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