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.
Crypto pundit Ardizor has alleged that several crypto firms appear to be dumping Bitcoin, which…
Iranian negotiators arrived in Doha for talks, focusing on the Strait of Hormuz and highly…
Bitcoin is struggling to push above $78,000 as the market faces uncertainty that has made…
Bitcoin’s latest price action has run into a technical wall, and crypto analyst Merlijn The…
A New York man identified in court documents only as Noah Doe has filed a…
Investors turn to HYPE and XRP funds while dumping bitcoin and ether ETFs.Read MoreCoinDesk: Bitcoin,…