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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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Polychain Capital leads Anoma Network’s $26M raise

Venture capital has allocated over $17 billion to crypto projects this year. Anoma’s bartering system offers a fresh take on blockchain development.

Private bartering blockchain Anoma Network has raised $26 million (24 million Swiss francs) from some of crypto’s biggest venture funds as it seeks to reimagine the age-old practice of exchanging goods without using money. 

Anoma Network will use the proceeds to advance its proof-of-stake blockchain, which has been designed to facilitate private transactions using “asset-agnostic bartering.” Bartering refers to the exchange of goods and services for other goods and services without money as the intermediary.

In the case of Anoma, traders have the ability to convert assets without the need for a base currency. (In traditional exchange markets, the base currency is the first currency in a currency pair and denotes how many of the quote currency, or second currency, is needed to buy one unit.)

The investment round was led by Polychain Capital, a San Francisco-based venture fund that’s behind some of the biggest raises in crypto, with additional participation from Fifth Era, Maven 11 Capital, Zola Capital, Electric Capital, CMCC and others. Polychain Capital was also behind Anoma’s private sale, which concluded in April at a value of roughly $6.8 million. Notably, Coinbase Ventures also participated in the investment round.

Venture funds have identified crypto and blockchain projects as major growth drivers for the future and have allocated tens of billions of dollars to such initiatives. In the first ten months of the year, the crypto industry had secured more than $17 billion in venture funding.

Related: Blockchain unicorn ConsenSys valued at $3.2B following $200M raise

The crypto industry is now home to well over a dozen unicorns, a term that describes startups with a total valuation of $1 billion or more. 

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