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...
Mojito previously helped develop Sotheby’s new digital NFT marketplace platform, Metaverse.
NFT development studio Mojito announced Friday that they have raised $20M in seed funding from a number of investors, including internationally known auction house Sotheby's.
According to an announcement published in Forbes, Sotheby’s auction house in partnership with Future Perfect Ventures, Creative Artists Agency and NEA’s Connect Ventures, contributed to the round at Mojito’s estimated value of $100 Million.
The Delaware-based start-up indicated that it will use this new injection of capital to grow and develop its engineering teams, make a better version of its current NFT platform, and further develop its NFT trading and investment platforms.
The NFT market has seen its total monthly sales drop from early September, though numbers have held at between $1.8 and $2.1 Billion for the last month according to nonfungible.com. The NFT market’s total monthly sales hit an all-time high of $3.7 Billion on Sept. 4 after a steady rise in late July. $31 million of the current total NFT market sales comes from the sale of art-based assets.
Digital art marketplaces such as OpenSea achieved prominence during this timeas well, reportedly hosting 98 percent of the market’s transactions through August of 2021.
Art dealers and museums have taken notice, and are beginning to follow suit as they follow the money apparent in this new market. Both Sotheby’s and Christie’s auction houses have had a number of successful NFT auctions in the past year. Christie’s was the first of the two to host a global auction of an NFT.
Mojito previously aided Sotheby’s in the development of its new digital NFT marketplace, known as Metaverse.
Businessman and TV personality Kevin O’Leary, a one-time vocal opponent to cryptocurrency-based investments, recently stated his belief that the NFT market would become bigger than Bitcoin during an interview on the Pomp podcast.
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