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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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Five DeFi projects and Kraken tip in $250K each to support Eth2 client teams

The Ethereum Foundation will pass the donations on to open-source developer teams including Besu, Erigon, Geth, Nimbus and Nethermind.

A group of DeFi projects and U.S. crypto exchange Kraken have donated $250,000 each to the Ethereum Foundation to support client teams working on the Ethereum (ETH) 2.0 upgrade.

On Aug. 24 the Ethereum Foundation announced that the donations were made by Kraken, Compound Grants, Lido, Synthetix, The Graph and Uniswap Grants. The funds will supplement the funding provided by the foundation earlier this year, to support Ethereum execution layer teams.

“Ethereum’s diverse client ecosystem is at the foundation of all that we’re building together. This includes both execution-layer and consensus-layer clients, both of which are essential parts of Ethereum’s post-merge future,” the announcement read.

The donations totaling $1.5 million will go to open-source developer teams including Besu, Erigon, Geth, Nimbus and Nethermind, who will provide “critical infrastructure for the network” post-merge of ETH 1.0 and ETH 2.0 — which will see ETH’s transition from proof of work to a proof of stake mechanism.

Kraken CEO and co-founder Jesse Powell stated that the firm was proud to be “giving back to the courageous builders who are hard at work on the front lines of crypto innovation.”

According to Kraken, by July the exchange's users had already staked 800,000 ETH in Eth2, worth $2.5 billion at current prices. At the time the platform stated it had distributed 25,300 ETH in rewards generated from client staking.

Related: Eth2 staking contract ranks as single-largest Ether hodler with $21.5B

“This project represents an effort to secure Ethereum’s long-term growth, health and decentralization. Each of these elements can be exemplified by client diversity, strength of the teams themselves, and our confidence that Ethereum will continue to succeed as they succeed,” the announcement read.

Earlier this month the Ethereum Improvement Proposal (EIP) 1559 upgrade went live, which introduced a burning mechanism as part of its adjusted gas fee structure. At the time of writing, Etherscan data shows that there is currently 4.85 ETH worth roughly $15,300 being burned per minute.

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