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Sunday, November 27, 2022
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    HomeBitcoinUFC To Pay Fighter Bonuses In Crypto

    UFC To Pay Fighter Bonuses In Crypto

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    The UFC has been criticized up to now for the compensation allotted in direction of it’s expertise, who put their all in on one of the vital bodily enduring sports activities on the planet. The league can look to counter critics this week, courtesy of their present partnership with Crypto.com.

    In a brand new announcement right this moment, the UFC has shared that it’s going to distribute $60,000 value of Bitcoin to fighters at pay-per-view occasions. Let’s check out the announcement, and what it means for the league and broader sport.

    The UFC Continues To Push The Fold

    The UFC was one of many first non-soccer sports activities leagues to try out fan tokens, courtesy of a take care of Chiliz, and has continued the crypto-related momentum with little worry of pushing into uncharted territory. It’s becoming for a non-traditional sports activities league just like the UFC. Final 12 months, the UFC secured it’s initial partnership with Crypto.com – an enormous 10-year, $175M deal that was unprecedented. The deal secured Crypto.com because the UFC’s first-ever ‘Official Struggle Package Associate.’

    In January, the league continued it’s endeavors into blockchain-related experiments, saying a partnership with Dapper Labs for a brand new NFT market. This week’s announcement exhibits that they’re again for extra, with a brand new ‘Fan Bonus Of The Evening’ that may interact followers in a very distinctive manner.

    Followers will award three prime fighters on pay-per-view occasions, with $30,000 of BTC awarded to first place, $20,000 awarded to second, and $10,000 awarded to 3rd place – all paid in BTC.

    This weekend’s UFC 273 occasion would be the first to host this fan bonus construction.

    Crypto.com's partnership with the UFC will allow the alternate to unveil some notably distinctive ranges of fan engagement that different conventional sports activities leagues is probably not prepared to dive into fairly but.  | Supply: CRO-USD on TradingView.com

    Associated Studying | Why A Twitter Edit Button Could Be Disastrous For Crypto Users

    Influence On Sports activities At Giant

    These fan engagement ranges could appear comparatively small at their face, however they present that the league is prepared to be aggressive find ubiquitous methods to have followers really feel concerned. Whereas conventional sports activities leagues could also be slower movers in terms of new concepts like this, don’t be shocked to see them ultimately flip the nook – notably as stronger, extra established relationships with crypto companions and main leagues proceed to evolve.

    There’s few leagues with an viewers the dimensions of the UFCs which are making an attempt new fan-engagement concepts like this, so credit score is due for locating a solution to reward league fighters in a manner that provides the followers a extra customized expertise.

    Associated Studying | Zuck What? Meta Is Reportedly Planning To Create A Digital Token Nicknamed After Its CEO

    Featured picture from Pexels, Charts from TradingView.com
    The author of this content material shouldn't be related or affiliated with any of the events talked about on this article. This isn't monetary recommendation.



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