MMA Entertainment Giant UFC to Pay Fighters Bitcoin Bonuses

Must read

Bored Apes, Moonbirds to feature on NFT-customized Mastercard debit cards

The customizable card will only support NFT avatars from select blue chip collections, subject to Mastercard’s design standards and an owner verification process....

Innovation will drive NFT adoption despite mainstream presence: NFTGo founder

The presence of global players may be viewed positively by the industry, but Tony Ling claims this does not impact mass adoption. ...

The path moving forward for ex-Ethereum miners remains unclear

It seems that some GPU owners have resorted to selling power to non-crypto projects following the Ethereum Merge. 1280 Total views...

Acala Network to resume operations after burning 2.7B in aUSD stablecoin

A total of 2.97 billion aUSD erroneously minted were recovered after the glitch. 650 Total views 12 Total shares...

MMA Entertainment Giant UFC to Pay Fighters Bitcoin Bonuses

On April 7, the digital currency exchange Crypto.com announced that fighters from the mixed martial arts (MMA) promotion company, Ultimate Fighting Championship (UFC), will be able to win Fight Night bonuses that will be paid in bitcoin. Fight Night bonus payouts will vary depending on placement, and contestants that finish first place will get paid $30,000 in bitcoin for the win.

UFC and Crypto.com to Pay Athletes Bonuses in Bitcoin via Fan Voting Process

After partnering with the UFC during the first week of July 2021, the cryptocurrency exchange Crypto.com announced on Thursday bitcoin bonuses for UFC athletes who place first, second, and third in a Fight Night competition. Moreover, the placement decision will be done by fan voting in order to choose the top three best fighters from each UFC pay-per-view (PPV) event. “Bitcoin bonuses include $30,000 for First Place, $20,000 for Second Place, and $10,000 for Third Place,” the crypto exchange’s announcement explains.

MMA Entertainment Giant UFC to Pay Fighters Bitcoin Bonuses
The first bitcoin (BTC) bonus Fight Night PPV event will take place on Saturday, April 9 during UFC 273: Volkanovski vs the Korean Zombie.

The bitcoin (BTC) bonuses will be based on the USD exchange rate at the time and the first bitcoin bonus Fight Night will be at UFC 273: Volkanovski vs the Korean Zombie. The UFC tournament will take place on Saturday, April 9 at the VyStar Veterans Memorial Arena in Jacksonville, Florida. “Crypto.com has been an official UFC partner for less than a year, and I’m telling you they are already one of the best partners we’ve ever had,” UFC president Dana White said in a statement. The UFC executive added:

[Crypto.com is] constantly coming up with new ideas about how we can work together to connect with the fans. 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.

According to the announcement on Thursday, each UFC PPV event will have fan voting and fans will leverage the URL crypto.com/fanbonus to access the portal. Crypto.com says the voting is open to all users globally and fans get three votes per PPV event. Fans can vote for two fighters per bout and voting begins at the start of the PPV preliminaries, while voting ends an hour after the Fight Night event.

“Central to our partnership with UFC is creating the most unique and compelling ways for fans to connect with the sport and their favorite athletes,” Steven Kalifowitz, Crypto.com’s chief marketing officer said. “We are thrilled for this next step in our partnership with UFC and excited to build even more innovative and engaging experiences as our partnership continues.”

What do you think about the UFC and Crypto.com giving fighters bonuses in bitcoin? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

More articles

Latest article

Bored Apes, Moonbirds to feature on NFT-customized Mastercard debit cards

The customizable card will only support NFT avatars from select blue chip collections, subject to Mastercard’s design standards and an owner verification process....

Innovation will drive NFT adoption despite mainstream presence: NFTGo founder

The presence of global players may be viewed positively by the industry, but Tony Ling claims this does not impact mass adoption. ...

The path moving forward for ex-Ethereum miners remains unclear

It seems that some GPU owners have resorted to selling power to non-crypto projects following the Ethereum Merge. 1280 Total views...

Acala Network to resume operations after burning 2.7B in aUSD stablecoin

A total of 2.97 billion aUSD erroneously minted were recovered after the glitch. 650 Total views 12 Total shares...

California files order against Nexo interest account, says it’s 8th state to take action

The state Department of Financial Protection & Innovation says the crypto-interest account is an unqualified security; Nexo has limited the accounts since the...