As baseball followers eagerly gathered for the Main League Baseball (MLB) opening day at Nationals Park in Washington D.C, they have been greeted with a shocking sight. The collapsed crypto ecosystem, Terra LUNA, was displayed on banners all through the stadium, selling its slogan, “a decentralized economic system wants decentralized cash.”
On March 30, a Twitter person who attended the house opener between the Washington Nationals and the Atlanta Braves posted a photograph of Terra’s banner prominently displayed on the stadium. The message on the banner learn, “A decentralized economic system requires decentralized cash.”
The person indicated their curiosity in Terra and stated they’d examine the corporate extra as a result of it appeared reliable.
Regardless of the collapse of its native token and stablecoin, the partnership between Terra and The Washington Nationals continues to carry agency.
Jesse Dougherty, the Washington Submit’s nationals beat author, not too long ago took to Twitter to share that Terra Luna’s VIP membership remains to be current behind the house plate at Nationals Park, together with a big banner within the left centre selling the cryptocurrency.
Terra’s partnership with the Washington Nationals was established in February 2022, only a few months earlier than the collapse of its native token, Luna, and stablecoin UST, which resulted from a liquidity disaster. TerraLuna dedicated $38.2 million in UST over 5 years to safe the partnership.
Terra Labs’ former CEO proposed the partnership, Do Kwon, by way of the neighborhood’s governance platform. Nevertheless, for the reason that collapse of TerraLuna, Do Kwon has been on the run from the authorities.
Earlier, it was reported that, Do Kwon, the founding father of Terra, was apprehended in Montenegro, aided by one in every of his associates, Han Mo. Kwon is presently held in a Montenegrin jail identified for its poor situations, corresponding to overcrowding and insufficient healthcare, making it a difficult atmosphere for the founding father of Terraform Labs.