The latest professional sports team of the Washington Nationals completes a crypto deal

The latest professional sports team of the Washington Nationals completes a crypto deal

Since all the eyes are aimed at crypto advertising that is planned for the Super Bowl, more and more players in the world are looking at other sports to increase brand awareness.

The Washington Nationals will work with Terra, said the Major League Baseball team on Wednesday-in what the team described as the first deal between a DAO and a sports franchise.

It is a blessing for the Terra Community Pool, one of the largest DAOS (decentralized autonomous organizations) from Crypto. The Terra Blockchain uses algorithmic, decentralized stable coins that underpin their ecosystem.

As part of the deal, the club room is renamed Terra Club behind the Home Plate. In addition to other signs in the stadium, Terra will sponsor a five-part digital series that is broadcast on the Nationals Social Media platforms. According to Coingecko, Terras Luna Coin is the tenth largest with a market capitalization of around $ 23 billion.

Stablecoin Terrausd (VAT) could be accepted as a payment method next season in the National Park, the team added. A Terra spokesman did not answer a request for further comments.

The founder of Terraform Labs, do Kwon, had asked the Terra community to pay $ 38.15 million in a nameless sports franchise at the time A proposal of January 31 . The money would cover $ 7.5 million in annual fees for five years and $ 650,000 to cover construction, renovation and redesign costs.

"With the approval of this sponsorship deal, the municipality has a new opportunity to commit and educate the public, including the political decision-makers who do important work in Washington, DC, about decentralized money and the burgeoning technology, which is based on it," said Kwon in a statement.

The deal is the youngest in a number of partnerships between crypto companies and professional sports teams. Ankr, provider of software platforms and decentralized infrastructure, closed a deal with the Sacramento Kings of the NBA in October, while Voyager digitally received a partnership with the Dallas Mavericks later this month.

The crypto exchange FTX received a partnership with the Major League Baseball last year, which led to the referees of the league adorned their uniforms with an FTX approach.

The deal with Terra came about the same day, on which Crypto.com announced that it would sponsor the so -called Formula One Crypto.com Miami Grand Prix in May. A spokesman for crypto.com refused to disclose the costs.

crypto.com crowned a marketing year 2021 with the purchase of name rights at the former Staples Center in Los Angeles as part of a 20-year $ 700 million deals. Before that, the company was the first cryptocurrency sponsor of F1 in a registered 100 million dollar deal.

The company's Chief Marketing Officer previously said Blockworks said that it is even more important in a fragmented media landscape, in which people look at content at different times, to reach an audience in "Super Bowl size" via F1.

The crypto platform should switch an advertising during the Super Bowl. A spokesman for the company rejected a further statement.

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The Post Washington National Latest Pro Sports Team to Strike Crypto Deal is not a financial advice.