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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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NFT for the win: Grandmaster Magnus Carlsen chases a nonfungible trophy

Ten finalists including Magnus Carlsen and Wesley So will compete for the Champion’s Trophy NFT, while a replica will be made available for auction.

An international chess tournament, Meltwater Champions Chess Tour (MCCT), has announced to mint nonfungible token (NFT) trophies and collectibles for preserving the game‘s most defining moments for infinity. 

The winner of the MCCT will be awarded an NFT trophy, marking the mainstream crypto involvement from the international chess community. The tournament’s finals will see participation from grandmaster Magnus Carlsen and other nine professional chess players including Wesley So.

According to the official statement, Chess Champs will mint two editions of the Champion’s Trophy NFT, allowing fans to obtain a replica of the trophy through an online auction. Moreover, the company will also release a series of NFT collectibles attributed to “the moves, the moments and the players” on the chess tour.

Carlsen’s interest in crypto can be traced back to a recent chess tournament hosted by FTX crypto exchange, where the World Champion won 0.6 Bitcoin (BTC) along with the $60,000 prize in cash.

In addition to awards, the chess community is exploring blockchain use cases to prevent cheating in online tournaments amid the COVID-19 restrictions. Running parallel to the postponement of the 2020 Chess Candidates Tournament in Ekaterinburg, Russia, World Chess has previously explored the possibility of moving matches online via blockchain technology.

Related: Sports-themed NFTs spark gold rush as projects raise $930M in a week

A Cointelegraph report from September shows that tokenized sport collectibles projects have collectively raised almost $1 billion in funding within a week.

Dapper Labs, the firm offering tokenized basketball collectibles NBA Top Shot, announced a $250 million funding round in addition to revealing a 30x growth in 2021.

Following suit, Sorare, an NFT trading cards marketplace raised $680 million in funding led by Japanese fintech giant SoftBank. With a revised valuation of $4.3 billion, Sorare plans to expand its portfolio of football player NFTs by increasing partnerships with football leagues and associations.

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