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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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NFT sales top $2.5B in first half of 2021

NFT sales in June alone have eclipsed those for the entire first half of 2020 for the OpenSea marketplace.

Sales of nonfungible tokens (NFTs) have surged to record highs in the first half of 2021.

There has been $2.5 billion in NFT sales in the first six months of this year according to DappRadar, a massive increase over the $13.7 million in sales for the same period in 2020.

Citing stats from Dune Analytics, Reuters reported that June has been a record month for the OpenSea NFT marketplace with almost $150 million in sales. This is almost a thousand percent higher than the sales figure for all markets over the entire first half of the previous year.

NFT buyers and enthusiasts view them as unique digital collectibles with intrinsic value because of their cultural significance. Others simply treat them as investments, speculating on rising prices.

According to NonFungible.com, which aggregates Ethereum- based NFT transactions, there have been between 10,000 and 20,000 buyers per week since early March. The NFT tracking and discovery platform reported that there had been $1.3 billion in sales for the period, but excluded around $8 billion in DeFi-based NFTs.

The most prolific NFT sale so far has been by renowned artist Beeple with his “Everydays: The First 500 Days” fetching a staggering $69 million dollars in March following a Christie’s auction.

Sales figures from analytics platforms such as DappRadar only track on-chain transactions meaning those sold at auction may have part of the transaction take place off-chain, so they must be manually added to the data, Reuters noted.

Related: Nifty News: Embarrassing mistake in $5.4M NFT of web source code, Animoca raises $50M ...

Collectible and sports-themed NFTs are the most popular according to data from Nonfungible with digital art coming in third place. Almost 300,000 sports-related tokens have been sold in the first half of the year compared to 124,000 for art. Its latest figure for June 6 reported just shy of 140,000 total NFT sales on the day for Ethereum-based tokens.

As reported by Cointelegraph in June, NFT transaction volume has multiplied by more than 25 times since December 2020 as they usher in a new paradigm of interacting with culture, music, sports, and the media.

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