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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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Crypto app Valora raises $20M, becomes independent from Celo

Valora said it will use the funds for product development and create educational content "to get more people comfortable using cryptocurrencies."

Celo-powered crypto wallet Valora has closed on a $20 million funding round, as the company announced it will become a standalone entity.

In a Tuesday announcement, Valora said Andreessen Horowitz, Polychain Capital, SV Angel, Nima Capital, NFX, Valor Capital, and others had invested $20 million in a Series A round for the crypto app, which will now operate as an independent company. Jackie Bona, the former head of consumer growth of Celo's cLabs cLabs, will become Valora’s new chief executive officer.

"I am delighted to be leading Valora at such a dynamic time in this important evolution, both as an independent company and in the cryptocurrency world at large," said Bona. "Consumer awareness of crypto has never been higher, and yet many people remain on the sidelines, either due to skepticism or lack of access.”

Valora said it will use the funds for product development and create educational content “to get more people comfortable using cryptocurrencies.” The platform reported it has more than 53,000 monthly active users able to send funds around the world.

Related: Opera announces support for Celo stablecoins in its crypto wallet app

First launched in February, Valora allows users to send payments with its Celo Dollar stablecoins (cUSD), backed by other cryptocurrencies in the Celo ecosystem. The price of the blockchain’s native token CELO is $2.55 at the time of publication.

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