The Washington Nationals' stadium continues to feature the logo of failed crypto project Terra — a reminder of the turbulent times of the crypto industry. This loss of value saw investors lose tens of billions of dollars worth of value, which caused crypto prices to drop throughout the market. This week's massive crypto losses have all come after crypto projects signed deals in the world of sports, with Williams Racing partnering with crypto exchange Kraken and team McLaren expanding it's contract with OKX Exchange.

The Washington Nationals caused some heads to turn when they signed a five year $40 million deal with Terra and their decentralized autonomous organization (DAO) back in February 2022. It saw the opening of the exclusive Terra Club behind home plate as a field-level luxury space for fans wanting to pay a minimum of $290 for a ticket. This deal was put to bed just before Terra's UST stablecoin lost its dollar peg come May 2022, leading to a sharp decline in the value of LUNA cryptocurrency.

Reactions to the still prominent Terra logo at the ballpark have been received with a sense of the unfortunate humor, such as one Twitter user asking "Sounds like a solid company. Will check out." The Major League Baseball team, however, didn't cleanse the park of the dissolved project's branding even after Terra’s collapse. This stands in opposition to the MLB's decision in cutting ties with crypto exchange FTX, and not bringing back their umpire patches this season in connection with the ongoing bankruptcy case.

The lasting effects of the falling apart of cryptocurrency projects are still reverberating throughout the sporting world, even though new deals are still being made. It is evident that the Washington Nationals didn't care to distance themselves from Terra, and the remaining logo at their stadium serves as silent reminder not just of the failed project, but also of a whole industry's success and failure.



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