Bitcoin bonuses will be awarded to the three standout athletes at each UFC pay-per-view event as voted for by fans across the world.Read MoreFeedzy
Ultimate Fighting Champion (UFC) athletes will be paid bonuses in bitcoin as a result of the partnership between the mixed martial arts organization and Crypto.com.
Bitcoin bonuses will be awarded to the top three fighters at each UFC pay-per-view event as voted for by fans across the world, according to an announcement Thursday.
The first, second, and third-place fighters will be awarded $30,000, $20,000 and $10,000 of bitcoin (BTC), respectively, which will be funded 100% by Crypto.com.
The average annual earnings for a UFC fighter last year were $160,000, according to sports news website The Sports Daily. So occasional five-figure bonuses paid in bitcoin could prove to be valuable to many fighters.
The UFC is launching its new “Fan Bonus of the Night” program alongside Singapore-based Crypto.com, an extension of the partnership between the two firms that began in July.
The crypto exchange became the official “fight kit” partner of the UFC in a 10-year deal worth $175 million. It was one of the many such deals with sports teams and brands scored by Crypto.com across soccer, basketball, hockey and motor racing. It also secured the naming rights to previously named Staples Center in Los Angeles, home to both of city’s NBA teams and the NHL’s LA Kings.
UPDATE (April 7, 2022, 14:30 UTC): Adds to second bullet that prize bitcoin is funded by Crypto.com.
DISCLOSURE
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Bitcoin Magazine Bitcoin at Key Support Levels — Why Jack Mallers Says Turn On DCA…
Data shows the Bitcoin Fear & Greed Index has marked an improvement after the latest…
Bitcoin Magazine Eric Trump Confirmed As Speaker For Bitcoin 2026 Conference Bitcoin Magazine has confirmed…
Bitcoin Magazine Bitcoin’s Ownership Base is Maturing, Reducing Reliance on Retail: Analysts Bitcoin investors have…
“The wildest thing about my $1 million prediction is that it's not wild at all,”…
Wall Street broker Bernstein took note of an institutional ownership shift as behind bitcoin's resilience…