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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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NFL’s Saquon Barkley converting endorsements to BTC to create ‘generational wealth’

Saquon Barkley will use Strike to convert all of his endorsements into Bitcoin, and noted that he became interested in BTC after researching inflation.

NFL star Saquon Barkley has revealed that he will be converting all of his endorsement money into Bitcoin.

Barkley was the 2018 NFL offensive rookie of the year and plays as a running back for the New York Giants — a team that is also sponsored by Grayscale.

The 24-year-old explained the rationale for the move earlier today during an appearance on “The Best Business Show” hosted by Bitcoin proponent and Morgan Creek Digital co-founder Anthony Pompliano. He noted that his research on inflation is what drove his interest in Bitcoin:

"We're seeing inflation and we're learning you can't save wealth. That's why I am going to be taking my marketing money in Bitcoin."

Barkley was joined on the show by Jack Mallers, the CEO of Strike, a payments company based on the Lightning Network. The NFL star cites the CEO as a key person who helped educate him on the benefits of investing in Bitcoin. Mallers was also highly influential in El Salvador’s embrace of Bitcoin.

As part of the move to convert his reported eight-figure yearly marketing endorsement money, Barkley will take direct deposits into his Strike account and instantly convert the money into BTC.

Barkley stated that he sees his opportunity in the NFL as a chance to emulate cult sports figures such as Lebron James of the LA Lakers, Kevin Durant of the Brooklyn Nets, and Tom Brady of the Tampa Bay Buccaneers, by creating generational wealth for his family.

He emphasized that he can't generate that amount of wealth from his NFL salary alone, as a career in the NFL is short-lived and he runs a risk of a career-ending injury at any moment.

"When you see the KD's, the Lebrons and Bradys of the world and you want to create generational wealth, you can't do that with the sport that I play and the position that I play and coming off of injuries. When you sit out of football for a whole year you realize that this game could be taken away from you."

Related: Pro basketball league in Canada will offer players Bitcoin salaries

During the show, Mallers offered advice to new investors by asserting that the question shouldn’t necessarily be focused on “Should I buy Bitcoin” but more where “should you store your money” to counter inflation.

Barkley isn’t the first NFL star to convert payments into Bitcoin, and Cointelegraph reported on Dec.30 2020 that NFL free agent and BTC proponent Russell Okung was using Strike to convert a portion of his NFL salary into BTC.

NFL great Tom Brady has also become involved in the crypto sector this year after he announced the launch of his NFT marketplace dubbed “Autograph” in April and also hinted that he owned BTC the following month.

On June 29 Cointelegraph reported that Brady was set to take an equity stake in the FTX crypto exchange as part of an endorsement deal.

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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

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