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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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Almost 1.1M people have already signed up for Coinbase NFT waitlist

Sanchan Saxena, the Vice President of product at Coinbase said yesterday that the “insane” amount of traffic from signing up to waitlist temporarily broke the site.

There have already been more than 1 million sign-ups for Coinbase’s NFT platform since the waitlist went live on Oct.12.

Coinbase opened up the waitlist via a blog post announcing its upcoming NFT platform which is slated to launch later this year. The platform dubbed “Coinbase NFT” will initially support the Ethereum-based ERC-721 and ERC-1155 token standards, with plans to expand support to other blockchains in the future.

At the time of writing, there are almost 1.1 million people waiting for early access to the NFT platform. Sanchan Saxena, the Vice President of product at Coinbase tweeted that the “insane” amount of traffic for the waitlist temporarily broke the site.

If Coinbase’s user base is anything to go by — around 68 million verified users and 8.8 million monthly active users as of Q2 2021 — the NFT platform could soon provide some serious competition to giants such as OpenSea. According to data from DappRadar, OpenSea has a rolling 30 day average of 260,000 active users who have conducted a combined total of 2.49 million transactions over the past month.

According to the fine print, the Coinbase NFT platform will initially be available to U.S. customers over the age of 18 before being rolled out to international markets in the future.

Related: U2's manager signs deal to expand Bored Ape Yacht Club to movies, TV and music

Coinbase’s plunge into the NFT sector comes after competing crypto exchanges FTX and Binance both launched their own NFT marketplaces. Binance NFT opened its doors in June, with the platform aiming to provide low transaction costs, while FTX and FTX.US launched NFT platforms with limited functionality last month.

Cointelegraph reported earlier this week that FTX.US’s NFT marketplace had expanded support to the Solana Blockchain.

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