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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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PrimeDAO raises $2M to build cooperative platform for DAOs

PrimeDAO has raised $2 million from DeFi funds that share its vision for a collaborative platform enabling cooperation between decentralized autonomous organizations.

PrimeDAO, a project seeking to facilitate greater coordination and cooperation between decentralized autonomous organizations (DAOs) in the DeFi sector, has secured $2 million in seed funding.

According to an announcement shared with Cointelegraph, the round featured participation from notable DeFi investment funds including Signum Capital, LD Capital and Stacker Ventures.

The funds will be used to develop the “DAO2DAO” (D2D) product suite for PrimeDAO, with the platform set to feature a ‘Negotiation Interface’ designed to enable coordination between DAOs.

The platform will allow the creation and ratification of agreements between DAOs featuring on-chain conditions. D2D will also enable DAOs to hold shared ownership over common assets, execute joint ventures, and collaborative liquidity pools.

PrimeDAO will partner with Balancer and DeFi Safety to build out the platform. The team will also develop a seed and IDO-style token launch platform alongside Balancer. The platform, dubbed Prime Launch, is slated for launch before 2022.

PrimeDAO was launched in the fourth-quarter of 2020 describing itself as “a collective of DeFI builders, token engineers, and governance specialists.” The entity published a litepaper in September 2020 describing its plans for a “decentralized ecosystem coordinator” platform and liquidity aggregation protocol.

While PrimeDAO is currently building on Ethereum, the team plans to enable cross-chain collaboration via D2D in future.

On Sept. 14, the team announced an overhaul to its governance platform, with PrimeDAO abandoning DAOstack’s Alchemy platform in favor of combining Snapshot and Gnosis Safe accessed using Boardroom.

Related: DeFi regulation must not kill the values behind decentralization

Last month, PrimeDAO also wrapped up its “Rate-athon” event, which encouraged users to contribute to its Prime Rating platform in anticipation of its V2 release.

From July 4 through July 15, the event saw the community submit 63 ratings for various DeFi projects through analysis of fundamentals and smart contracts. The equivalent of $15,000 was distributed to contributors who participated in the event.

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