During Major League Baseball's opening day, Washington Nationals Park in Washington D.C. was still promoting Terra—the crypto ecosystem that collapsed in May 2022, sending the wider industry into a tailspin. The Nationals signed a five-year deal worth $40 million with Terra in February 2022. An exclusive Terra Club opened behind home plate as a luxury field-level space for fans willing to pay $290 or more per ticket. Terra's UST stablecoin lost its U.S. dollar peg last May and cratered in value, investors losing tens of billions of dollars in the rapid implosion, which in turn tanked crypto prices across the market. Terra's branded seats still appeared behind home plate over a year after the collapse, and Terra also still has a large sign along the outfield wall, as clearly seen in an official MLB highlights video taken on opening day.
Even shortly after Terra's collapse in 2022, the Nationals continued promoting Terra—including sharing a "Crypto 101" video presented by Terra posted on the team's official Twitter account on May 10th, 2022. Decrypt reached out to the Washington Nationals for comment but did not receive an immediate response. Terra's founder Do Kwon was arrested in Montenegro earlier this month after months on the run from authorities.