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...

BlockCrushr drops lawsuit accusing ConsenSys of stealing its IP

ConsenSys described the case’s conclusion as highlighting “the value of aggressively combatting meritless claims.”

Canadian blockchain startup BlockCrushr has agreed to drop an intellectual property (IP) lawsuit against early backer, Ethereum-focused software engineering firm, ConsenSys.

The two firms filed a joint agreement to dismiss the case on July 27, with the deal’s terms prohibiting BlockCrushr from attempting to pursue the matter in future.

ConsenSys has characterized the agreement as a victory for its position, stating: “BlockCrushr has dismissed the lawsuit with prejudice after review of the evidence provided in discovery established that BlockCrushr's claims were entirely without merit.”

ConsenSys’ lead counsel, Tibor Nagy, added:

“This is an important and complete victory for ConsenSys and illustrates the value of aggressively combating meritless claims."

Filed in July 2020, the complaint claimed ConsenSys launched its “Daisy Payments” recurring payments platform the day before BlockCrushr had planned to bring its own product to market in June 2019.

BlockCrushr had received a $100,000 investment from ConsenSys and was admitted into its Tachyon accelerator program. The startup alleged that ConsenSys used trade secrets gleaned through the program to front-run its own product to market before BlockCrushr.

BlockCrushr claimed that “every aspect of its marketing, financial, technical and regulatory strategy” was shared with ConsenSys during the Tachyon program, including “the source code and proprietary technical solution to its recurring payments platform.”

While IP enforcement has been seen as antithetical to crypto’s core ethos of decentralized open-source development, intellectual property matters have emerged as an increasingly hot issue.

In June, major decentralized finance protocol Curve saw a proposal posted to its governance forums advocating that it should move to protect its software license and redistribute profits from IP enforcement to tokenholders.

In addition to protecting its position in the market, the post’s author asserted IP enforcement will benefit Curve by reducing competition for bug bounty payments and employee recruitment pertinent to its code.

In launching its highly anticipated v3 iteration, leading decentralized exchange Uniswap introduced a “business source license” into its code to protect against the unauthorized commercial use of its code “for up to two years.” The move was intended to prevent clones from appearing, after SushiSwap and other rival DEXes forked its v2 code and launching vampire attacks designed to siphon away Uniswap’s liquidity during the DeFi summer of 2020.

Attempts by the notorious self-proclaimed Satoshi Nakamoto, Craig Wright, to prevent websites from hosting the Bitcoin Whitepaper have attracted widespread pushback from the crypto community. Wright has also embarked on a campaign to secure as many patents as he can.

In April, the Square-led Cryptocurrency Open Patent Alliance (COPA) launched a lawsuit requesting the U.K High Court to declare that Craig Wright does not have copyright ownership over the Bitcoin Whitepaper.

https://ift.tt/3BRbf51

Comments

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...

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...

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 ...