Washington Nationals And Terra Create First-Ever Sports Partnership With Decentralized Autonomous Organization
February 11, 2022
Club sponsorship will showcase Terra with plans to adopt use of cryptocurrency at Nationals Park
The Washington Nationals are proud to announce a groundbreaking partnership with the Terra community. Terra is one of the largest decentralized autonomous organizations (DAO) in the cryptocurrency industry and has experienced a meteoric rise as a market leader through its blockchain and DeFi ecosystem. The Nationals are a leading innovator in Major League Baseball, consistently introducing new technologies to enhance the fan experience. This partnership includes title sponsorship of the premier club space behind home plate at Nationals Park and establishes a foundation for future blockchain and cryptocurrency applications for fans. Terra will also be featured on in-stadium signage and will sponsor a five-part digital series that airs on Nationals social platforms.
“The Nationals continue to push the envelope,” said Mark D. Lerner, managing principal owner of the Washington Nationals. “We are excited to partner with Terra to name our most exclusive club and explore bringing powerful new fan experiences to Nationals Park, including the use of UST cryptocurrency to make purchases.”
As part of the agreement, UST could be accepted as a payment method at Nationals Park as early as next season.
The Terra protocol, which is governed by its vibrant community, is one of the largest decentralized and open-source public blockchains. With its suite of algorithmic stablecoins, such as UST, Terra is a rapidly expanding ecosystem that has recently seen explosive growth and real-world use cases.
“This first-of-its-kind partnership between a DAO and a sports franchise opens a new world of opportunities for bringing crypto and DeFi to the masses,” said Do Kwon, the founder of Terraform Labs. “By approving this sponsorship deal, the community has a new way to engage and educate the public, including the policy makers doing important work in Washington, D.C., about decentralized money and the burgeoning technology that underlies it.”
The Terra Club, formerly known as The Nationals Club, is the exclusive, climate-controlled indoor space located at field level directly behind home plate. The club offers all-inclusive food and beverages, featuring premium chef’s tables and a private bar with draft beer and house wine. Guests with tickets in the Terra Club can enjoy their meal in the dining room or take advantage of in-seat delivery of food and beverages while not missing a second of the action on the field.