Blockchain. com Invests in $LUNA, Joins $150M Terra Ecosystem | STIPS|Oculus

Blockchain. com Invests in $LUNA, Joins $150M Terra Ecosystem Fund.

Alongside this investment, Blockchain. com also joined Terra’s recently announced $150 million Terra Ecosystem Fund, which offers access to deals and communications with projects building apps, protocols, or tooling on the Terra network.

Terra is a high performance blockchain built on the Cosmos SDK and Tendermint consensus mechanism. The Terra protocol deploys a suite of algorithmic, fiat-pegged stablecoins underpinning a thriving ecosystem designed to provide real-world functionality and value to its users. LUNA, the native staking and governance asset of Terra, absorbs the short-term volatility of Terra’s suite of stablecoins. Demand for Terra’s stablecoins such as USD (UST) and Korean Won (KRT) is driven by the utility and usage of products in Terra’s rapidly expanding ecosystem of more than 60 applications set to launch after the Columbus-5 upgrade.