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...
Blockchain VC investment firm Hashed is seeking $173 million for a second fund.
One of South Korea’s leading blockchain evangelists is embarking on another huge blockchain fundraise following the success of his first.
Simon Seojoon Kim is planning to raise $173 million for a second blockchain fund following the success of the initial one which netted $120 million from investors in December 2020. Specifics regarding the new fund and its potential investors are thin on the ground however.
Kim, dubbed “the Jedi Master of cryptocurrency” by Sean Park, a senior partner at Hong Kong-based Boston Consulting Group, co-founded the blockchain and crypto venture capital firm Hashed in 2018. The firm invests in crypto startups to enable them to grow through staff expansion, partnerships and marketing.
It has attracted big-name financiers such as Naver, South Korea’s third-largest company by market value, which invested $12 million in the first Hashed blockchain fund.
The Seoul-based company serves as a gateway to Asian markets for investors in the West. It has invested in a number of notable companies and blockchain projects such as Klaytn, the public blockchain of South Korean mobile giant Kakao. Hashed investments usually range from around $1 million to $10 million per company.
The portfolio is extensive and also includes Dfinity, the creator of the Internet Computer, Ethereum side-chain platform SKALE, Korean blockchain network ICON, and several DeFi projects such as lending platform MakerDAO, Synthetix, Kyber Network, decentralized exchange dYdX, and stablecoin platform Terra.
Kim made his fortunes by being an early investor in Ethereum just after the network launched in 2015. Regarding industry investment, he stated “our investors want to maximize their profit, but they also want to learn about the market through us,” according to Bloomberg.
He added that the blockchain technology market is still nascent which is a huge upside for investors.
Related: What bear market? Investors throw record cash behind blockchain firms in 2021
There has been a record amount of venture capital funds investing in crypto and blockchain this year. The first half of 2021 saw more than double the amount invested than all previous years combined.
Around $17 billion of venture capital cash was channeled into blockchain projects between January and June and Hashed is looking to tap into more of it during the second half of the year.
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