Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
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.
As baseball enthusiasts flocked to Nationals Park in Washington D.C for the opening day of the Major League Baseball (MLB) season, the appearance of Terra — 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 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.
Sounds like a solid company. Will check out. pic.twitter.com/o3i9q2SnGA
— The D.C. Universe (@dcuniverse) March 30, 2023
Another Twitter user said the Terra Club — a VIP pre-game venue experience — is behind the home plate at Nationals Park, and “a big sign in left center” promoting Terra.
The partnership between Terra and The Washington Nationals’ came into effect in February 2022, just months before Terra’s collapse.
The Terra community committed $38.2 million in TerraUSD (UST) over five years to secure the deal.
Related: ‘Wild’ — SEC going after Terra sparks responses from crypto lawyers
Terra’s founder, Do Kwon, proposed the partnership through the community’s governance platform. Kwon is currently in police 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 reported that the conditions at Montenegro’s jails and prisons “haven’t changed” from those described in a 2020 human rights report by the United States State Department.
The report cited a 2015 case in which prison officers were convicted of torturing and “inflicting grievous bodily harm” on 11 inmates.
Cointelegraph reached out to the Washington Nationals for comment but did not receive a response by the time of publication.
Magazine: Unstablecoins: Depegging, bank runs and other risks loom
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.