As baseball fans flock to Nationals Park in Washington, D.C. for the opening day of the Major League Baseball (MLB) season, the presence of Terra the crypto ecosystem collapsing in May 2022 did not 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 tagline, "A decentralized economy needs to be decentralized. Funds". "Sounds like a solid company. Will check out," a user commented on Terra's prominent location at the stadium.
The partnership between Terra and the Washington Nationals goes into effect in February 2022, just a few months before Terra's closure. The Terra community committed $38.2 million in TerraUSD (UST) over five years to secure this transaction. Do Kwon, founder of Terra, proposed the partnership through a community governance platform. Kwon is currently in police custody in Montenegro, where he will reportedly face harsh conditions in the penal system, according to a March 29 Protos report by an unnamed criminal defense lawyer.
Conditions in Montenegro jails were reportedly "unchanged" from those described in the US State Department's 2020 human rights report. The report cited a 2015 case in which prison guards were convicted of torturing and "causing grievous bodily harm" to 11 inmates.
