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...
Andreessen Horowitz is behind yet another major blockchain funding round. This time, Helium Inc. has raised significant capital to expand its decentralized 5G network.
Helium Inc., a provider of decentralized wireless infrastructure, has concluded a $111 million token sale led by some of the biggest venture firms in the blockchain industry.
The sale, which centered around Helium’s native token, HNT, was scooped up by several venture capital firms, including Andreessen Horowitz. Alameda Research, Multicoin Capital and Ribbit Capital also contributed, according to BNN Bloomberg.
General partner at Andreessen Horowitz Ali Yahya told Bloomberg that new cryptocurrency protocols like Helium will “challenge centralized incumbents” and compete with bigger telecommunication service providers.
Yahya tweeted Tuesday that his firm will work with Helium to create a "grassroots telecom network" of the future.
We're beyond excited to announce that we're partnering with @amirhaleem and the @helium team to build a grassroots telecom network.https://t.co/j5KY8BDecN
— Ali Yahya (alive.eth) (@alive_eth) August 10, 2021
The founder of Alameda Research, Sam Bankman-Fried, described Helium as a “tremendous opportunity to bring 5G to the masses around the world and greatly enrich the quality of their lives.”
Related: Smart cities are the future, but they might threaten privacy
Helium, which was founded in 2013 by Shawn Fanning, Amir Haleem and Sean Carey, is utilizing blockchain technology to create the world’s first peer-to-peer wireless network. The company’s mission is centered around building wireless infrastructure for the Internet of Things, which describes the new paradigm of connected devices. Since launching in North America, Helium has already expanded into Europe.
The company plans to use the newly raised funds to continue building its decentralized 5G network and support mobile network operators as they expand coverage.
Andreessen Horowitz has been behind some of the biggest fundraisers in crypto. In June, the venture capital firm announced a new innovation fund that would allocate $2.2 billion to promising blockchain and crypto plays. Andreessen’s participation in crypto startups adds to the growing narrative around decentralized technologies and their role in disrupting decades-old industries.
Related: Andreessen Horowitz launches biggest-ever crypto venture fund at $2.2B
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