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

Report: Filecoin and Chia Believers in China Are Converting to Ethereum Swarm Disciples

Report: Filecoin and Chia Believers in China Are Converting to Ethereum Swarm Disciples

There’s a lot of buzz in China around the Bee mainnet soft launch following the recent hype surrounding Filecoin and Chia. Reports detail that Swarm is set to kickstart the mainnet on June 13, and droves of miners from China are getting prepared to obtain rewards from the distributed storage platform and content distribution service.

Swarm Preps to Launch Mainnet and Native Token BZZ

This Sunday, the anticipated Bee mainnet launch is supposed to happen according to a blog post published by the Swarm Foundation. The Swarm project details can be found on ethswarm.org which details that Swarm is a distributed storage platform and content distribution service that leverages an ethereum web3 stack.

The project also has a native token called BZZ which will be a utility coin aimed at rewarding decentralized storage and transactions. There’s an abundant quantity of info on Swarm and BZZ on the web, but the team has also published a compendium on the subject called the “Book of Swarm.”

In February, Swarm raised $6 million in a private token sale and following the mainnet soft launch, a public BZZ token sale will take place on June 14. Just recently, reports stemming from China indicate that Swarm is becoming very popular in the region and Filecoin and Chia miners are preparing to join Swarm’s network.

Chinese Journalist Says Swarm Popularity in China ‘Based on Belief’

Regional reporter and 8btc contributor Priyeshu Garg details that there “has been a huge increase in the number of Swarm groups popping up on Wechat.” Reports on Chinese social media verify Garg’s claims and the reporter notes that Swarm’s “popularity is based only on belief.” So far, Swarm started as a proof-of-concept created by its lead developer Viktor Tron and moved on to a testnet and a few releases.

“So-called Swarm ‘believers’ [are] actively preaching on other social platforms as well. Some Filecoin groups have also reportedly been converted into Swarm groups.” Garg’s report insists.

Report: Filecoin and Chia Believers in China Are Converting to Ethereum Swarm Disciples
The Ethereum Swarm project is buzzing in China according to regional reports from Weixin and 8btc.

Digital currency networks like Chia and Filecoin have been very popular in China specifically because the two network’s offer different mining solutions. Bittorrent creator Bram Cohen’s crypto project Chia sparked hard drive and SSD shortages in China earlier this year. During the BZZ private placement token sale, BZZ tokens sold for $0.25 per unit.

The public offering indicates that BZZ will sell for $1.92 per unit increasing a whopping 668% in value compared to the private placement. According to the website, U.S. residents cannot participate in the BZZ public sale. U.S. visitors of the website coinlist.co where the BZZ sale is taking place, gets a warning that says: “Sorry, this content is not available in your location.”

The codebase Bee v0.6 release is required for all existing Bee node operators and for users who want to participate in the airdrop. Anyone running a prior version (v0.5.x.) must upgrade or they won’t be able to connect to the network. The 0.6 version release will contain features such as light nodes, postage stamps, free bandwidth allowance, and reupload content.

What do you think about the buzz around the Bee mainnet soft launch in China? Let us know what you think about this subject in the comments section below.

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