Dodgers Using Crypto Tokens to Give Away Digital Bobbleheads
*By Michael Teich*
One team is bringing crypto to the baseball diamond.
The LA Dodgers will hold what is considered to be the first-ever crypto giveaway in sports when they take on the San Diego Padres Friday night.
Fans will have a chance to receive digital bobbleheads that double as crypto tokens. After unlocking the Dodgers' coin within an Ethereum wallet, they’ll have the opportunity to download a digital caricature of one of three players: Clayton Kershaw, Justin Turner, or Kenley Jansen.
“Hopefully, what we're going to see is the start of a new market of collectibles within digital assets,” Ralph Esquibel, the team's VP of Information and Technology, said Friday in an interview on Cheddar.
Esquibel said the adoption of blockchain will bring new life to the world of collecting. Collecting sports memorabilia isn't just a hobby, though. It's also a $5.4 billion industry in the U.S., according to research from [collectable.com](https://www.forbes.com/sites/davidseideman/2018/09/19/tech-entrepreneur-determines-first-true-estimate-of-sports-memorabilia-market-5-4-billion/#497ea8df52e8).
For now, the Dodgers will not be introducing crypto as a currency to buy peanuts and crackerjacks ー or even tickets to games. But Esquibel sees those options as a possibility for the future.
“I don’t believe we’re ready for it, as of yet," he said.
The crypto integration is one example of how major league sports teams are trying to lure fans off the couch and into stadiums and improve the venue experience.
Teams in other leagues ー like the NFL's Baltimore Ravens and the Atlanta Falcons ー are slashing concession prices. The Ravens’s director of guest experience told Cheddar that he hopes M&T Stadium’s 33 percent price reduction on certain foods and beverages will increase fan engagement and boost [ticket sales](https://cheddar.com/videos/strengthening-nfl-stadium-experience-with-cheaper-food).
While the Dodgers are focused on the next big thing in sports memorabilia, Esquibel reassured fans of collectibles that the new crypto tokens won’t replace traditional bobbleheads.
At least not for now.
For full interview [click here](https://cheddar.com/videos/la-dodgers-bring-crypto-to-the-baseball-diamond).
Carl Tobias, professor of law at the University of Richmond, joins Cheddar News to talk about how Johnson & Johnson funded experiments on mostly Black men comparing the effects of talc and asbestos on their skin.
Amazon unveiled its new mobile app called Amp as a direct competitor to Clubhouse, allowing people to host live radio shows. Although it is still in beta, users can join the waitlist from the iOS store.
President Biden announced a ban on Russian oil and natural gas imports to the U.S. in response to its invasion of Ukraine, a move he warned could lead to an even greater surge in gas prices. The ban is prompting a conversation about the current oil production levels in the U.S. and whether or not the industry can ramp up production to soften the blow to American families at the gas pump. Clark Williams-Derry, Energy Finance Analyst with the Institute for Energy Economics and Financial Analysis, breaks down the state of the U.S. oil industry and how the ban might impact production levels here at home.
PepsiCo, Coca-Cola, McDonald’s, and Starbucks are the latest American food brands to have halted business operations in Russia after having faced scrutiny and criticism for originally failing to do so amid the country's invasion of Ukraine.
As Russia intensifies its war on Ukraine, President Biden announced a ban on oil imported from the aggressor nation. Critics of Russia have said this would be the best way to force Putin to pull back, but curbs on Russian oil exports are expected to send already skyrocketing oil and gas prices even higher, further impacting consumers, businesses, financial markets, and the global economy. Leslie Beyer, CEO of the Energy Workforce and Technology Council, joined Cheddar News' Closing Bell to discuss. "It's certainly going to increase pricing, but it is the right thing to do," she said. "The industry itself has already pulled out of the significant portion of its operations in Russia."
As airlines recover from COVID-19 and the industry becomes more competitive than ever, low-fare carrier Breeze Airlines is offering 35 new routes and reduced prices for its first-class experiences. CEO David Neeleman joined Cheddar News to talk about the rollout of services amid plenty of headwinds including high fuel costs. "We can limit a lot of costs because we're a technology company that happens to fly airplanes," he noted.
Despite women as a whole being among the groups most impacted by pandemic job losses, homesharing platform Airbnb reported that women hosts brought in $12 billion in revenue last year. Catherine Powell, Airbnb's global head of hosting, joined Cheddar News to discuss how women hosting has become a huge asset for the company. "Last year 21 percent more women joined the platform than men," she said. "So they are joining the platform. They are being successful. They're more super hosts, and they're doing incredibly well."