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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...

FTX Lands Naming Deal With Esports Giant TSM for $210 Million

FTX Lands Naming Deal With Esports Giant TSM for $210 Million

On Friday, FTX Exchange announced signing a naming rights deal with U.S. professional esports organization TSM for $210 million. The cryptocurrency exchange’s multi-year partnership arrangement will allow the crypto firm to rename the company to “TSM FTX.”

Esports Firm TSM Will Change the Organizations’ Name to ‘TSM FTX’

FTX Exchange has acquired another naming deal after the recent arrangement with the Miami Heat’s arena in Florida. According to the exchange, the company has entered a multi-year partnership with the esports organization TSM for $210 million.

TSM is an organization that fields players in a number of online competitions with games like PlayerUnknown’s Battlegrounds, PUBG Mobile, Tom Clancy’s Rainbow Six Siege, League of Legends, Apex Legends, Valorant, Hearthstone, and Super Smash Bros.

The deal is between FTX Trading Limited, West Realm Shires Services Inc, and TSM. With exclusive ownership of the naming rights to TSM, the organization will now be known as “TSM FTX.” According to the announcement, the plan is to expand the operations and enter new markets in South America and Asia. Andy Dinh, the founder and CEO of TSM, praised the FTX Exchange executive Sam Bankman-Fried.

“When I met Sam Bankman-Fried, I immediately knew we had to work together,” Dinh said. “Not only did TSM FTX fit perfectly as a brand, Sam is an innovative CEO that is in every way ahead of his time. Against all odds as a young ambitious entrepreneur, he has been able to disrupt markets by making smart decisions and by surrounding himself with smart people.”

Major Philanthropic Initiative in the Works

According to the announcement, “TSM FTX’s mission and focus” is looking toward social impact, and the rebranded firm plans to reveal a “soon-to-be announced major philanthropic initiative.” The initiative will hone in on things like “developing financial literacy” and “increasing educational opportunities,” the announcement explains.

“In the end, our partnerships will only be as strong as we make them,” Sam Bankman-Fried, the founder and CEO of FTX Exchange remarked. “We think that TSM will be able to help massively expand the presence of digital assets outside the traditional landscape. We’re also proud to work with them to give back to the world,” the exchange executive added.

What do you think about the naming deal between FTX and TSM? Let us know what you think about this subject in the comments section below.

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