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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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Majority of institutional investors ready to buy digital assets, study says

A new study found that institutional investors’ appetite for digital assets, including cryptocurrencies, is growing.

New data shows that institutional investors’ interest in cryptocurrencies and crypto-related businesses is continuing to grow. 

Fidelity Digital Assets, the crypto arm of the global asset management giant Fidelity Investments Inc, tasked Coalition Greenwich to survey 1,100 institutional investors to understand their expectations regarding digital asset investments.

The majority of surveyed investors expected to invest in digital assets in the future.

The survey was conducted between December 2020 and April 2021 with the participation of high net worth investors, family offices, digital and traditional hedge funds, financial advisors and endowments, Reuters reported.

The definition of digital asset investment defined by the survey team included investing in cryptocurrencies directly, buying crypto-related company stocks, or exposure through other investment products.

Some 70% of participants expect to invest in digital assets within the next five years. Nine in 10 of those interested in investing foresee their company's or their clients' portfolios to add digital assets within the same time window.

Related: Fidelity to hire more crypto hands amid growing institutional interest

Fidelity Digital is working to keep up with the institutional interest in digital assets. Recently, the company was said to increase its staff size by about 70% to handle the growing appetite from institutional investors.

Grayscale is another player in the institutional investment game. Aside from cryptocurrencies like Bitcoin (BTC) or Ether (ETH), the digital asset management firm also plans to enter into the decentralized finance (DeFi) world.

Yesterday, Grayscale announced a new investment vehicle targeted at DeFi assets. 

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