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...

Will the Real Polygon Please Stand Up — Spammers Wrongly Post Coin Drops on Video Game-Related Feed

In a strange twist of fate, two companies named Polygon are the source of a storm of confusion on Twitter as a video game community gets a unique introduction to Polygon’s blockchain technology.

Crypto Scammers Hit Game-Related Feed

Polygon, the rebranded layer 2 blockchain solution (previously Matic Network), has been mixed up with another identically named organization. This case of mistaken identity has caused some perplexing activity on Twitter as spammers and scammers highlight a “coin drop” to an online American video gaming website named Polygon that is entirely unrelated to the blockchain network.

In several posts published by the video game organization’s Twitter feed, which operates under the handle @Polygon, spam accounts with little to no history and activity mentioned coin drops for Polygon and Matic. Twitter users who scrolled past the normal responses to the “Might Be Offensive” content were quickly inundated with crudely written tweets that tagged @POLYGON_BONUS and @MATICGIFT.

This has been a common attack vector for enterprising scammers seeking to have crypto users unwittingly send their coins to a scammer’s wallet. Scammers will often explain that users will be eligible for a coin drop or other promotion designed to give them more coins than they sent in return for sending a few coins, only to steal the coins and disappear. Thanks to poor spelling, grammar, and obvious tells like an account’s history, these scams are relatively easy to spot.

Over the years, many of these scams have routinely been perpetrated, especially by accounts posing as recently deceased crypto evangelist John McAfee. However, this mistake also reflects common errors made by algorithms attempting to automate certain behaviors. A strong example is headline screening algorithms that are used to make financial trading decisions. They sometimes pick up on errant tweets and headlines that cause spikes in unrelated financial instruments, only to later realize a case of mistaken identity.

In Polygon’s (the blockchain solution) case, this example of mistaken identity probably did more help than harm by exposing the video game site’s users to cryptocurrency and its layer 2 scaling solution, or at the very least, the tactics of shady spammers.

What do you think of the Polygon mistaken identity Twitter storm? Let us know in the comments section below.

Comments

Popular posts from this blog

Blockchain Software Firm Consensys Acquires Mycrypto Ethereum Wallet

On February 1, the blockchain infrastructure firm Consensys has revealed it has acquired the Ethereum-based wallet Mycrypto and plans to merge the wallet into Metamask. The price Consensys paid for Mycrypto was not disclosed but the announcement notes that the acquisition will “further improve the security of all the products.” Consensys Obtains Mycrypto Ethereum Wallet, Plans to Merge With Metamask in the Future Consensys has acquired the Ethereum-based wallet Mycrypto for an undisclosed sum according to an announcement released on Tuesday. The deal aims to strengthen the company’s Ethereum wallet Metamask and “enhance Web3 experiences.” The eventual merger between the two Ethereum interfaces will “provide users with a heightened experience that is even more extensive and secure,” according to Consensys. Consensys is an Ethereum software company led by one of the Ethereum co-founders Joseph Lubin. The Web3 wallet Metamask, with 21 million monthly active users (MAUs) is owned by C...

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...

The Congolese Mountain of Gold: Surprise Discovery in Africa Shows Metal’s Scarcity Is Hard to Prove

A myriad of gold bugs like to compliment the yellow precious metal for its ostensible scarcity, as estimates say only 2,500 to 3,000 tons of new gold is produced annually. While new gold discoveries have seemingly slowed, investigative studies also show that in some areas, gold is being smuggled into the economy by the ton, and often never accounted for as far as per annum issuance estimates. Recently, reports show a whole mountain of gold was discovered in the Congo, as the Democratic Republic of the Congo is well known for being a region that sees tons of smuggled gold filtered into the global financial system unreported. Surprise Gold Deposits Continue to Crack the Precious Metal’s Scarcity Proposition It has always been said that the precious metal gold (Au) is scarce, and some reports even say that gold mining on earth will end by the year 2050 . Additionally, estimates also show that there’s roughly 2,500 to 3,000 tons of new gold that is accounted for and enters into the fin...