UFC to pay out fighter bonuses in Bitcoin for its upcoming PPV events
Ultimate Fighting Championship (UFC), the popular mixed martial arts organization, will be paying out Fan bonuses to its fighters in Bitcoin (BTC).
The fan bonus will be paid out to the top-three fighters of the pay-per-view event in association with its official cryptocurrency platform partner Crypto.com. There will be a total of three Bitcoin fan bonuses of the night ranging from $10,000 to $30,000. Fans from around the globe can vote for the BTC bonuses of the night on the official Crypto.com website on the day of the event.
The first Bitcoin fan bonus will be introduced during the upcoming “UFC 273: Volkanovski vs the Korean zombie” PPV event scheduled for April 9. The Bitcoin fan bonus will be an addition to the traditional Fight of the Night and Performance bonuses awarded to UFC athletes.
UFC president Dana White lauded their recent association with Crypto.com, saying:
“This new Fan Bonus of the Night is an awesome way to get fans more engaged in our events while rewarding the fighters for bad-ass performances.”
Sports and crypto have shown one of the best synergies over the past couple of years, with several major sporting companies and events partnering with emerging crypto tech. UFC being a global sporting brand was among the first to integrate crypto-based promotions and even inked a $175 million sponsorship deal with Crypto.com in July last year.
UFC fighters quite similar to NFL stars have also opted for BTC and crypto paychecks over fiat payouts. The major mixed martial art sports company has also bet big on nonfungible tokens as the firm had launched its first official NFT in November last year.
Apart from UFC, other major sporting companies such as Formula One, NBA and several Soccer clubs around the world have on-boarded crypto companies as their major brand partners over the past few years.