Skip to main content

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...
Post a Comment

Top engineers working on Facebook’s wallet jump ship to A16z’s crypto fund

The engineers will provide technical advice to Andreessen Horowitz’s portfolio companies.

Andreessen Horowitz (A16z), a leading venture capital firm operating in the crypto sector, has nabbed two of the leading engineers working on Facebook’s digital currency project for its digital asset fund.

According to an Oct. 11 report from CNBC, Nassim Eddequiouaq and Riyaz Faizullabhoy have jumped ship from Facebook to A16z after spending two years working on the social media giant’s Novi digital wallet (formerly Calibra).

Faizullabhoy will serve as CTO while Eddequiouaq will take on the role of CIO at A16z’s crypto division. Faizullabhoy stated:

“Andreessen Horowitz has shown an impressive dedication to advancing the entire crypto ecosystem over the past decade, and we jumped at the chance to join their premier team and provide technical support to their rapidly-expanding portfolio.”

A16z founder, Marc Andreessen, has sat on Facebook’s board since 2008 — one year prior to the launch of Andreessen Horowitz.

Anthony Albanese, the COO of A16z, described the firm’s new talent as having a greater “opportunity to impact the crypto ecosystem on a very broad scale” through their new roles.

“They’re going to be advising our portfolio companies and protocols to help them make sure that they have the most secure and sophisticated systems around,” said Albanese, adding that their previous roles at Facebook were much more “specific.”

Eddequiouaq and Faizullabhoy also worked at crypto custody firm Anchorage before joining Facebook’s Novi project.

The pair are not the first engineers to have abandoned Facebook’s digital currency project, with Novi head of strategy Morgan Beller joining VC firm NFX in September 2020 and co-creator Kevin Weil heading to satellite imagery company Planet Labs in March of this year.

Related: Andreessen Horowitz launches biggest-ever crypto venture fund at $2.2B

While Andreessen Horowitz is viewed as a leading crypto venture firm due to its successful and early investments into the likes of Coinbase, Compound, and OpenSea, the firm has recently attracted controversy regarding how its governance voting rights for top decentralized exchange Uniswap have been disbursed.

While A16z’s votes have been divested to university law schools including the Harvard Law Blockchain and Fintech Initiative (BFI), the Harvard BFI launched a governance proposal in May advocating for the creation of a decentralized finance lobbying group dubbed the DeFi Education Fund (DEF). The proposal recommended transferring $20 million worth of UNI to the group to fund its operations, with the group assuring that it would gradually sell the tokens over the course of four to five years.

However, less than two weeks after the proposal passed and the tokens were transferred to the DEF at the start of June, the DEF suddenly announced it had liquidated $10 million worth of UNI to the shock of the DeFi community, attracting criticism of both the DEF and A16z.

https://ift.tt/3mHnI4B
Labels:

Comments

Post a Comment

Popular posts from this blog

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...
Post a Comment
Read more

Year of sponsorships: Celebrities who embraced crypto in 2021

From Matt Damon appearing in a TV spot for Crypto.com to Kim Kardashian shilling EthereumMax, 2021 saw celebrities with higher profiles getting into crypto. Though the crypto space has seemingly moved beyond the endorsements many minor celebrities bestowed on token projects during the 2018 initial coin offering boom, its growing popularity and acceptance now has professional sports players, Hollywood elites and politicians backing major companies dealing with digital assets. In June 2021, Kim Kardashian promoted EthereumMax (EMAX) via an Instagram story shared with  her more than 200 million followers . The token, which was used as payment for online ticket purchases for some pay-per-view events, gained 116,000% in just one week following the celebrity’s activity before falling more than 99% and leaving many investors in the red. Kim Kardashian promoting EthereumMax on Instagram Stories, June 2021. Source: Instagram Though EthereumMax is somewhat of a cautionary tale for cry...
Post a Comment
Read more

Top 3 Rebase Token Markets Shudder — Stats Show TIME, OHM, BTRFLY Lost Billions Since All-Time Highs

While the crypto economy has shed more than 3% in fiat value during the last 24 hours dropping to $2.09 trillion, the top rebase tokens by market capitalization have seen significant losses this week. At the time of writing, the rebase token economy is valued at over $3.2 billion but has lost more than 10% in value during the last 24 hours. The largest rebase token economies such as Wonderland, Olympus, and Redacted Cartel have shed between 36% to 55% over the last week. Top 3 Rebase Token Protocols Shed Billions in Value Over the Last Week, Wonderland Down 87% Since High On the first day of November 2021, Bitcoin.com News took a deep dive into the Olympus DAO and the reserve-backed asset called OHM . Olympus is a decentralized finance (defi) project that is described as a rebase token and since Olympus started, a myriad of Olympus forks have been born. Essentially, rebase token protocols adjust the token supply in a periodic fashion or when the price fluctuates. Olympus was once ...
Post a Comment
Read more