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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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Chamath Palihapitiya sells 15% of his stake in SOFI

Bitcoin billionaire Palihapitiya will use earnings from the sale to fund other “future-shaping technologies” for his venture firm.

Billionaire Chamath Palihapitiya has sold 15% of his position in the crypto and stock trading platform and finance company SoFi.

The company went public earlier this year through a merger with a blank-check company led by Palihapitiya, and was valued originally at $8.65 billion and now has a market cap of $17.04 billion.

Palihapitiya, a Bitcoin billionaire and former senior executive at Facebook, confirmed his move to sell SoFi stock via a tweet on Nov. 19.

In his announcement, he stated “Equity markets, crypto markets, art valuations, SaaS multiples — almost everything seems to be at all-time highs,” as he went on to explain some of the moves his investment firm Social Capital has made.

Palihapitiya said that he sold 15% of his shares of SoFi “to fund other investments in technologies that will shape our future,” mentioning California-based battery materials innovator Mitra Chem.

SoFi share prices fell nearly 2% following the announcement.

SoFi is a modern finance platform that consists of five sections: capital lending, investment management, business development and consulting, career development, and personal finance education.

Palihapitiya also noted that he intends to increase Social Capital’s investment in medicare provider Clover Health, but he did not state by how much.

Related: Panic selling is crypto investors’ biggest mistake, new survey reveals

Social Capital’s portfolio consists of 74 companies and Palihapitiya himself enjoys a net worth of about $1.1 billion, technically making him a Bitcoin billionaire as he has long seen Bitcoin as a sound investment.

More recently, Palihapitiya has begun to back projects on other platforms like Solana.

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