Professional sports leagues have become more accepting of cryptocurrency and opened their doors to sponsorship opportunities. One deal signed earlier this year is now being called into question.
What Happened: In February 2022, Major League Baseball’s Washington Nationals signed a $40 million, five-year deal with Terra (CRYPTO: LUNA).
Under the terms of the deal, the Nationals feature advertising for Terra throughout its stadium and have a premium seating club called Terra Club. Things have taken a dramatic turn, as Terra’s native token LUNA crashed by over 94% in the past 24 hours.
To make matters worse, the Nationals launched a video called “Crypto 101” to its more than 797,000 followers on …
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