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

Charity platform expects significantly larger crypto than fiat donations for Giving Tuesday

“Cryptocurrency may be tricky to understand, but the value of a major crypto donation converted into cash is not," said Engiven founder James Lawrence.

Engiven, a crypto donation platform that has helped facilitate contributions to the Salvation Army and others, expects religious groups and non-profit organizations will see significant charitable payments in crypto tomorrow for Giving Tuesday.

The Tuesday after Thanksgiving is celebrated in the United States marks a day when people and organizations come together to donate their time and money towards worthwhile causes — but not limited to any single country. Engiven founder James Lawrence said he expects to see more crypto-based donations as part of the global generosity movement, given the increase in prices of Bitcoin (BTC), Ether (ETH), and other tokens.

According to Lawrence, the platform facilitating crypto donations for more than 400 faith-based organizations — including a single BTC donation for $10 million in October — has seen donations “nearly fifty times higher” when people chose crypto as the medium of exchange. He reported the average donation on Engiven using a credit card since 2011 has been roughly $150, while that of any cryptocurrency is $7,500.

“In its current state, crypto donations are both an effective donation and a significant tax deduction, if the donor has appreciated crypto they’ve owned for more than a year,” said Lawrence. “It’s not uncommon to see five or six figure donations to ministries on our platform.”

He added:

“Cryptocurrency may be tricky to understand, but the value of a major crypto donation converted into cash is not. And that’s what’s happening.”

Engiven helped launch crypto donations for the Salvation Army, one of the largest charities in the world, before Christmas in 2020, when many U.S. residents were socially isolating, in lockdown, or otherwise unable to physically place cash in the group’s traditional ‘Red Kettles’. According to the platform, the Salvation Army will be renewing its efforts this holiday season, with a fundraising campaign around “Crypto at the Red Kettle” — the group currently accepts BTC and ETH.

Related: Gifting crypto to loved ones this holiday? Educate them first

The Giving Block, another platform allowing non-profit organizations and charities to accept donations in crypto, is also looking to raise funds for Giving Tuesday, also known as Crypto Giving Tuesday. The website announced a target of more than $100 million in crypto donations by 2022 "with hundreds of nonprofits ready to fundraise crypto throughout November and December."

“Prior to the Covid pandemic, most non-profits had an online strategy and giving was part of that,” said Lawrence. “Today, no faith-based organization, church or non-profit can afford to neglect its online audience, donors and seekers. Crypto is rapidly becoming part of that online ecosystem.”

https://ift.tt/3E8Q8vH
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