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...
Post a Comment

3 developments signal that Verasity (VRA) price may have bottomed

Attractive staking offers, a patented approach to combating NFT fraud and an active user base all suggest that VRA price has bottomed following its May lows.

The marketwide sell-off on May 19 triggered a 55% decline in the price of Bitcoin (BTC), and altcoins were hit even harder, with some tokens seeing declines of up to 90%.

One project whose native token price appears to have bottomed out after an 87% decline from its all-time high is Verasity, an e-sports-focused blockchain protocol focused on increasing engagement and advertising revenues for video publishers.

Data from Cointelegraph Markets Pro and TradingView shows that after declining from a high at $0.0558 on April 17 to a low of $0.0073 on July 20, the price of Verasity's VRA token has rallied 230% to an intraday high at $0.024 on Aug. 17 as its 24-hour trading volume steadily increases. 

VRA/USD 1-daychart. Source: TradingView

Three reasons the price of VRA may begin to climb higher after its recent low include an active community, the addition of NFT language to the protocol's proof-of-view patent for fraud prevention and attractive staking rewards that incentivize tokenholders to remove their coins from circulation.

Community activity adds a use case

An active community of supporters is one of the best assets a cryptocurrency project can have, as they can help drive significant integrations and attract new partnerships to the ecosystem.

The Verasity community recently voted to integrate VRA as a form of payment on Shopping.io, a crypto e-commerce website that allows users to make purchases from numerous online retailers including Amazon and eBay.

Now, content creators who earn VRA can spend their earnings at their favorite e-commerce websites instead of having to first trade them for another currency.

This adds a new use case to the VRA token and helps to increase token velocity.

NFTs integrate with the proof-of-view protocol

Another significant development from Verasity has been its proof-of-view protocol, which was originally developed to allow users to differentiate between real and fake views on the blockchain and was subsequently granted a United States patent.

Since launching, the use cases for proof-of-view have increased, and the Verasity team extended the original patent to include nonfungible tokens (NFT), one of the fastest-growing sectors in the financial technology sector.

The addition of NFTs to the proof-of-view protocol has the potential to bring a new level of fraud prevention to the popular sector, as well as to bring new users to the Verasity platform.

Related: NFTs are a game changer for independent artists and musicians

Staking options decrease VRA's circulating supply

A third factor putting positive pressure on the price of VRA is the attractive staking rewards offered to users who lock their tokens on the protocol.

Staking tokens on the network is a benefit to the protocol because they are used as part of the consensus mechanism that helps keep the network functioning properly. Similar to most staking platforms, stakers receive rewards in exchange for removing tokens from the circulating supply.

VRA holders can currently earn a daily yield of 0.07%, which amounts to an annual yield of 25.55% if they stake their tokens on the network. The current reward capacity is 2,500,000,000 VRA, or 24% of the total circulating supply.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, and you should conduct your own research when making a decision.

https://ift.tt/3svd57x
Labels:

Comments

Post a Comment

Popular posts from this blog

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 ...
Post a Comment
Read more

Earn up to 50% APY by Staking $GLQ on GraphLinq App

PRESS RELEASE. The newest utility token to offer staking to its users/holders is GraphLinq Protocol’s $GLQ. As of this article, $GLQ has 4,500+ holders according to etherscan, excluding GLQ holders on CEX like Kucoin, MXC, Gate. This is a great step for the future of the project as it will further incentivize more users to hold. Explore more about GraphLinq, its staking mechanism & steps to stake. What Is GraphLinq? GraphLinq – The No Code protocol for automating actions on-chain & off-chain, launched in just March 2021, has come a long way bringing users in the crypto space a never seen model of integrating blockchain automation on any blockchain-related/non-related task. The goal of the GraphLinq protocol is to allow users to interact blockchains with any connected system as effortlessly as possible without any prior knowledge of coding. GraphLinq ecosystem currently consists of an engine, an integrated development environment ( IDE ) & an app to provide automated...
Post a Comment
Read more

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...
Post a Comment
Read more