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...
The leading NFT platform records a natural decline in sales volume after surpassing $4B in August; an industry-record.
Following a colossal surge of $4B sales volume throughout the month of August for the leading nonfungible token, or NFT, marketplace OpenSea, recent figures indicate a metaphoric return to earth after propulsion to the mighty heights of the moon.
NFT marketplaces have largely paralleled the bearish momentum witnessed across the cryptocurrency markets across the last week, as platforms, collections and floor prices all suffer corrections.
Analytical data from DappRadar reveals that over the last seven-day period, the sales volume on OpenSea has fallen sharply by almost 50% to $792.23M from a pool of 156,811 traders, 10% less than registered across the previous week.
Despite this short-term correction, OpenSea still holds a dominant position over its closest competitors Axie Infinity and CryptoPunks, listed on the volume metric with $158.24M and $45.92M, respectively.
Conscious to not skew the narrative bearish, it also must be reported that by utilizing the same dataset and expanding the scope across a 30-day period, it can be fairly assessed that OpenSea shows no signs of long-term decline with a positive volume figure of 336.94%.
Related: 101 Bored Apes NFT auction at Sotheby's closes at more than $24M
In a momentary mishap this week, a bug on the platform affecting ERC721 transfers to ENS names accidentally deleted a small number of users' NFT assets worth $100K. It is understood that the incident was swiftly resolved and the funds returned.
Last week, the platform issued a guerrilla-style recruitment post, declaring that they will generously donate 1 Ethereum (ETH) token to any member of the public who refers a potential engineer or designer to the firm who becomes a successful candidate.
In the statement, head of product Nate Chastain pleaded: “We are 37 people handling 98% of all NFT volume” and that the company has a “pressing need for manpower.”
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