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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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OneOf raises $63M for new Green NFT platform for musicians

The soon-to-be-launched platform will feature NFTs from artists like Whitney Houston, Doja Cat, John Legend, TLC, H.E.R, Quincy Jones, Charlie Puth, Jacob Collier, G-Easy, AURORA, The Kid LAROI, Alesso and more.

Sustainable technology company OneOf has raised $63 million in seed funding to finance its new Green NFT platform for musicians, offering further evidence that the market for nonfungible tokens remains hot.

Several investors and venture capitalists participated in the seed round, including Bill Tai, Sun Said of Nima Capital, Sangha Capital, Tezos Foundation, Jack Herrick and Jaeson Ma of East West Ventures.

Built on the Tezos protocol, OneOf is a marketplace for artists and fans to tap into digital collectibles. The company claims that minting NFTs on Tezos uses over 2 million times less energy than leading networks like Ethereum. Artists wishing to mint an NFT on Tezos will pay zero cost for their listing, while users will be able to pay for their collections in over 135 fiat currencies.

OneOf also plans to donate a portion of its sales to an environmental cause or a charity of the artist’s choosing.

Artist Doja Cat said he’s “happy to be working with OneOf” in addressing accessibility and environmental issues at the same time.

"Blockchain has the ability to democratize ownership and bring economic empowerment to both artists and fans," said Lin Dai, OneOf’s CEO and co-founder. "We are building a technology company with an artist-first ethos and eco-conscious mission to help introduce hundreds of millions of non-crypto native users to blockchain through easy and exciting use cases such as NFTs.”

Euphoria surrounding NFTs appears to have cooled over the past few weeks as the cryptocurrency markets tanked. Prior to the selloff, NFTs and DeFi were among the hottest trends in the cryptocurrency market.

Despite the recent pullback, the future for NFTs appears to be bright. A new industry forecast from the Invezz publication pegged NFTs at a market capitalization of $470 million by October as trading volume surges nearly 40%.

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