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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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Crypto fintech Moonpay reportedly aims for $3.4B valuation in first VC funding

Co-led by Tiger Global Management and Coatue Management, the VC funding will inject funds worth $400 million into the bootstrapped company.

Moonpay, a fintech startup dedicated to building crypto payments infrastructure, is reportedly expected to reach a valuation of $3.4 billion after conducting its first round of venture capital funding. 

The VC funding for the crypto payments startup is being co-led by Tiger Global Management and Coatue Management and will inject funds worth $400 million into the bootstrapped company. MoonPay platform allows the purchase and sale of cryptocurrencies and digital assets using mainstream payment methods such as debit and credit card and local bank transfers.

While the funding information is not officially announced, a report from The Information suggests that “two people familiar with the matter” have confirmed the development. Once confirmed, Moonpay will represent a small demographic of crypto-related startups to reach unicorn-level valuation within three years.

Tiger Global and Coatue Management have partnered previously to fund numerous mid-sized blockchain, decentralized finance (DeFi) and crypto startups. Their latest investment was the $24 million funding for CertiK, a blockchain security firm.

Moonpay did not immediately respond to a request for comment.

Related: 10% of early-stage startups working on blockchain: GSER 2021

A Cointelegraph report from Sept. 22 shows a growing trend in blockchain and crypto investments as VCs prioritize emerging technology.

Additionally, data from Global Startup Ecosystem Report 2021 suggests that the blockchain industry has witnessed a 121% growth over the last five years, making it the second-fastest-growing sub-sector in terms of early-stage funding after the advanced manufacturing and robotics industry.

Moreover, crypto firms have received more funding in the first quarter of 2021 than the whole of 2020. Talking on a related subject with Cointelegraph, Jehan Chu, founder of Hong Kong-based VC investment firm Kenetic said that “Nothing is more compelling than peer pressure from the likes of Michael Saylor, Elon Musk and the stampede of institutional money charging into the market. VCs must have a position or a view on crypto, or risk missing the biggest market opportunity in a generation.”

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