{"id":18104,"date":"2022-02-10T09:04:46","date_gmt":"2022-02-10T08:04:46","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=18104"},"modified":"2022-02-10T09:09:51","modified_gmt":"2022-02-10T08:09:51","slug":"terra-sponsors-the-washington-nationals-mlb-team-in-a-40m-deal","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/terra-sponsors-the-washington-nationals-mlb-team-in-a-40m-deal\/","title":{"rendered":"Terra sponsors the Washington Nationals MLB team in a $40M deal"},"content":{"rendered":"\n
Terra (LUNA)<\/a> has collaborated with the Washington Nationals MLB team to encourage more crypto and sports\/esports integration.<\/h5>\n\n\n\n
\"Terra<\/figure><\/div>\n\n\n\n

Terra (LUNA) is the tenth most valuable cryptocurrency by market capitalization, as well as the blockchain that generates the UST stablecoin<\/a>. The initiative is overseen by a decentralized autonomous organization (DAO), \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>which is currently a Washington Nationals official partner.<\/p>\n\n\n\n

About the partnership<\/h2>\n\n\n\n

To clinch the transaction, the Terra community pledged $38.2 million in UST over the following five years. Terra founder Do Kwon suggested the agreement on the community's governance platform on February 1st.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The deal was first floated to Terra token-voters earlier this month, while the $40 million pitch from Kwon denominated in Terra\u2019s UST was passed on February 8. <\/p>\n\n\n\n

As part of the agreement, fans at the team's home stadium, Nationals Park<\/a>, will be able to make purchases with UST as early as next season. During games, the squad will also display Terra signs and make a five-part video series advertising the brand.<\/p>\n\n\n\n