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...
The time of the JRR Token has come, but it wasn’t able to defeat the Tolkien Estate in a ruling that has forced the project to shut down and cease trading. The Lord of the Rings-themed ‘JRR Token’ has met a “bag end” after being forced to shut shop following legal action from the family and estate of the famed series’ author. J.R.R. Tolkien who died in 1973. On Nov. 23, Law360 reported that the Tolkien Estate had reached a settlement with Florida-based developer Matthew Jensen over his JRR Token, which was launched in August this year. According to BSCScan , the BEP-20 token is only held by 510 addresses, with a market supply of 19 trillion. According to the settlement, Jensen promised to shut down the token and delete any content which infringes the estate’s trademark rights to the J.R.R. Tolkien name and intellectual property relating to “The Lord of the Rings” and “The Hobbit.” He also agreed to pay the estate’s legal costs, which weren’t disclosed. The JRR Token’s Twitter ac...