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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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FTX Launches $2 Billion Venture Capital Fund Focused on Bolstering Blockchain, Web3 Adoption

FTX Launches $2 Billion Venture Capital Fund Focused on Bolstering Blockchain, Web3 Adoption

The cryptocurrency firm FTX has announced the launch of a $2 billion venture capital fund called FTX Ventures. The fund’s focus will be on advancing blockchain and Web3 technology alongside investments in “social, gaming, fintech, software, and healthcare.”

FTX Reveals $2 Billion Venture Capital Fund, Hires Lightspeed Partner Amy Wu

FTX Trading Limited has announced the launch of a new venture capital fund aimed at bolstering blockchain and cryptocurrency solutions that are applied to an assortment of different industries. In addition to launching FTX Ventures’ $2 billion venture capital fund, the company has hired former Lightspeed Ventures partner, Amy Wu. According to the announcement, Wu will lead FTX Ventures’ gaming, M&A and commercial initiatives.

The venture capital fund announcement sent to Bitcoin.com News explains:

FTX Ventures’ core mission is to advance global blockchain and web3 adoption, with a broad investment mandate across social, gaming, fintech, software, and healthcare. The fund will invest in multi-stage companies and projects, providing flexible funding and strategic support from FTX and its network of global partners.

Wu says that she looks forward to working alongside FTX CEO Sam Bankman-Fried and she remarked that FTX Ventures looks forward to supporting businesses and entrepreneurs. “We’re particularly excited about web3 gaming and its ability to bring mainstream audiences into the ecosystem,” Wu said in a statement.

FTX CEO Sam Bankman-Fried Is ‘Excited to Find Disruptive Innovation’

FTX has been making a great number of moves during the last 12 months with a significant focus on sports and entertainment. Last year, FTX partnered with Monumental Sports Entertainment (MSE), Sports Illustrated, the Los Angeles Angels’ Shohei Ohtani, the global esports firm TSM, Green Bay Packers running back Aaron Jones, the Mercedes-AMG Petronas Formula One team, and seven-time Super Bowl winner Tom Brady and his supermodel wife Gisele Bündchen.

During the first week of November 2021, FTX joined Solana Ventures and Lightspeed in order to launch a $100 million blockchain gaming fund. “Our investors at FTX have made a deep impact in supporting our growth and development,” Sam Bankman-Fried said on Friday in regard to the new venture capital fund. “We strive to do the same at FTX Ventures and are excited to find the brightest minds and disruptive innovation in tech,” Bankman-Fried added.

What do you think about the new $2 billion venture capital fund called FTX Ventures? Let us know what you think about this subject in the comments section below.

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