Skip to main content

Terra’s branding at MLB opener draws attention from spectators

An attendee shared an image of a Terra banner with the slogan "a decentralized economy needs decentralized money," prominently displayed during Major League Baseball's opening day at Nationals Park in Washington D.C.

As baseball enthusiasts flocked to Nationals Park in Washington D.C for the Major League Baseball (MLB) opening day, the noticeable presence of Terra (LUNA) – the crypto ecosystem that collapsed in May 2022 – didn’t go unnoticed by attendees.

A Twitter user who attended The Washington Nationals’ home opener against the Atlanta Braves on March 30, shared an image of Terra being prominently displayed on a banner with the slogan “a decentralized economy needs decentralized money.”

“Sounds like a solid company. Will check out” the user commented on the prominent placement of Terra at the stadium.

Another Twitter user tweeted that the Terra Club is still behind the home plate at Nationals Park, and there is "a big sign in left center" featuring Terra.

The partnership between Terra and The Washington Nationals' came into effect in February 2022, just months prior to the collapse of its native token LUNA, and stablecoin UST.

The Terra community committed $38.2 million in UST over five years to secure the deal.

The partnership was proposed by Terra founder Do Kwon through the community’s governance platform – who is now currently in custody in Montenegro, and will reportedly face harsh conditions in the penal system, according to an unnamed criminal defense lawyer in a March 29 Protos report.

It was noted that the conditions at Montenegro’s jails and prisons “haven’t changed” from those reported in a 2020 human rights report by the United States State Department.

Related: ‘Wild’ — SEC going after Terra sparks responses from crypto lawyers

Cointelegraph reached out to the Washington Nationals' for comment, but did not receive a response by the time time of publication.

Magazine: Unstablecoins: Depegging, bank runs and other risks loom



from https://ift.tt/gwHkKUC
https://ift.tt/MjKT3Qt

Comments

Popular posts from this blog

ENS DAO delegates offer perspective on DAO governance and decentralized identity

AlphaWallet CEO and Spruce co-founder talk about their roles as contributors to the Ethereum Name Service following the project's recent airdrop. Earlier this month, the Ethereum Name Service, or ENS, formed a decentralized autonomous organization, or DAO, for the ENS community.  Cointelegraph spoke to two ENS DAO delegates who applied for the opportunity to represent the community and stay involved in the decision making process: Victor Zhang, CEO of AlphaWallet, an open source Ethereum wallet, and Gregory Rocco, co-founder of Spruce, a decentralized ID and data toolkit for developers. Zhang spoke about his experience as an external contributor to ENS and an early supporter since 2018. Zhang initially sought to help ENS by offering Alpha Wallet as a user-friendly tool for  resolving .eth names and cryptocurrency wallet addresses. Essentially, if a user inputs an .eth name in the AlphaWallet, it will show the wallet address, and vice versa using reverse resolution. Alpha...

How Social Platform Chingari is Using Web 3.0 to Transform the Traditional Way We Use Social Media

The world is changing. This isn’t news to anyone, but sometimes it is nice to realize that—contrary to news headlines—not all the change is bad.  In fact, the last decade has seen so much innovation and so many improvements to technology that even 2015 seems like a different world.  Internet speeds, connecting with anyone globally (for free), and our ability to reach large groups of people without a middleman is nothing short of revolutionary. When it comes to technology evolution, this often happens with different iterations.  Once a system is mature, there’s a better idea of what we would like to change and improve.  We go back to the drawing board, target our creative minds at the issues, and create a new version that has evolved to better meet our needs.  The Internet has followed this model since its inception, evolving through three distinct stages.  We are only at the cusp of the third stage, called Web 3.0, with technologies such as blockchain and ...

INX submits bid for Voyager Digital's assets

FTX US won a $1.4-billion bid to purchase Voyager’s assets in September, but with the firm filing for bankruptcy, the funds were once again up for grabs. Trading platform INX has submitted a bid for an undisclosed amount to purchase the assets of crypto brokerage firm Voyager Digital. In a Nov. 30 announcement, INX said it had sent a non-binding letter of intent for Voyager’s assets following the platform filing for bankruptcy in July. According to INX CEO Shy Datika, the bid was aimed at providing “credibility, technology, and unique regulatory positioning” for Voyager users seeking stability in a volatile market. Voyager’s original bankruptcy filing from the Southern District Court of New York suggested the firm could owe between $1 billion to $10 billion to more than 100,000 creditors amid a bear market and exposure to Three Arrows Capital. In September, FTX US won a $1.4-billion bid to purchase Voyager’s assets, but with FTX Group itself filing for bankruptcy in November, th...