Terra sponsors Washington Nationals, Bitstamp backs Immortals esports
Sports and esports fans will soon see more crypto ads during games as Terra has partnered up with the Washington Nationals MLB team and crypto exchange Bitstamp is now partnered with esports organization Immortals.
Terra (LUNA) is the 10th largest cryptocurrency by market cap and the blockchain that produces the UST stablecoin. The project is governed by a decentralized autonomous organization (DAO), which is now an official partner of the Washington Nationals.
The Terra community committed $38.2 million in UST over the next five years to secure the deal. The partnership was proposed by Terra founder Do Kwon on Feb. 1 through the community’s governance platform.
As part of the partnership, there are plans to allow fans at games to make purchases with UST at the team's home stadium, Nationals Park, as early as next season.
The team will also display Terra signage around Nationals Park during games and produce a five-part video series promoting Terra.
Nearly 1.5 million fans attended Nationals games throughout the 2021 season. That number is expected to climb above 2 million as Covid-19 restrictions are lifted, giving Terra greater exposure in the ballpark.
Terra is one of the largest DAOs in the cryptocurrency industry.Terra has experienced a meteoric rise as a market leader. . // https://t.co/ESel7phptn pic.twitter.com/MzQ3UxzMpc
The Terra community joins FTX as a major crypto outfit sponsoring professional American sports teams.
U.K.-based crypto exchange Bitstamp announced on Feb. 9 that it has partnered with the U.S.-based Immortals competitive esports organization.
The deal will see Bitstamp and Immortals collaborate on three fronts including future nonfungible tokens (NFT) for fans.
Immortals will launch a team of content
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