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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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Velas increases blockchain grants program to $100M

Blockchain projects with a focus on DeFi, NFTs, gaming and others will be eligible to receive up to $100,000 in funding.

Switzerland-based technology company Velas has allocated $100 million to startups building on top of the Velas blockchain, marking a sizable increase from its initial pledge of $5 million earlier this year. 

The grants program is designed to support the growth of the Velas ecosystem and expand its capabilities within Web 3.0, a broad umbrella term that describes the next stage in the internet’s evolution. Like the initial $5 million grants program announced in August, the new funding initiative will allocate up to $100,000 per project. While Velas intends to fund a wide range of projects, developers who are creating solutions for DeFi, decentralized exchanges, nonfungible tokens and gaming will be given priority.

To apply for the grant, startups must include a business plan, pitch deck, technical specifications for their product, project timeline and an explanation for how their project will benefit the Velas ecosystem. Developers selected for the program will receive networking, marking and technical support from the Velas team. 

Velas is an open-source blockchain network that seeks to combine the best features of centralized and decentralized solutions. The company overseeing the protocol is based in th Swiss canton of Zug, which is also known as Crypto Valley for its role in accommodating and supporting blockchain innovation.

Related: OP Crypto Capital founder cites gaming, Web 3 as drivers of crypto economy

Blockchain startups have received considerable funding this year as venture capital continues to bootstrap promising crypto plays. In June of this year, Silicon Valley venture firm Andreessen Horowitz launched the biggest-ever crypto fund at $2.2 billion, which was more than double the rumored amount. Andreessen also participated in Solana Labs’ $314 million private token sale, which helped catapult the network into the limelight.

New industry research also suggests that a significant share of startups are working on blockchain applications. According to the Global Startup Ecosystem Report 2021 published in September, blockchain-based businesses account for 10% of startups around the world. The report indicated that blockchain is the second-fastest-growing sub-sector for early-stage funding, behind only advanced manufacturing and robotics.

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