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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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Decentralized design platform Moralis raises $13.4M in seed funding from EQT Ventures

The middleware DApp-building platform hopes to play a role in taking the sector mainstream.

Moralis, a platform that powers decentralized applications, or DApps, announced Thursday that it has received a $13.4-million investment from EQT ventures.

The company said that it expects to use this seed capital for product development and corporate expansion. Moralis seeks to provide the blockchain space with a unique user-friendly interface solely for front-end development, while the company and its developers handle the entire back end. The software can also provide complex services such as node management, authentication and transaction indexing — which are needed for cross-chain networks, layer-two solutions and Web 3.0 applications. 

Moralis, which has been active since June, was founded in 2020 by CEO Ivan Liljeqvist (also known as Ivan on Tech) and Chief Operating Officer Filip Martinsson. On its website, Moralis states that more than 35,000 blockchain projects are currently using its software and application programming interface (API).

EQT Ventures is the venture capital division of the Swedish investment organization EQT Partners. According to CrunchBase, EQT Ventures has invested in 128 companies and completed 10 exits for a total funding amount of $60 million.

Liljeqvist issued the following statement regarding the new financing round:

“We’ve already seen massive, sustained adoption in our first few months, amassing over 50,000 developers since launch -- and the growth shows no sign of slowing. This immense interest further validates Moralis’ business proposition, showcasing how we solve the pain points with existing blockchain development.”

Based on data from State of the DApps, the total number of tracked DApps has grown to 3,692 in October — up from 3,342 in the same period the year prior. The vast majority of DApps are built on the Ethereum blockchain. The total volume of transactions on these Ethereum-based DApps has amounted to $153.18 million in the past 24 hours.

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