The UFC is planning to pay fighters in cryptocurrency

The world's largest MMA organization is preparing to offer its first crypto bonuses to competitors.

UFC to Pay Fighters in Cryptocurrency

Ultimate Fighting Championship, the world's largest MMA (Mixed Martial Arts) organization, will begin giving cryptocurrency bonuses to its fighters.

According to Bloomberg, the promotion has already worked with cryptocurrency businesses and will now pay Bitcoin for the top three competitors in each pay-per-view event.

The winners of a "crypto-bonus" will be determined by fan voting. Three lucky fighters will divide a total of $60,000, and the new sort of bonus will be added to standard cash awards for the greatest performance of the night, best bout of the night, and so on, according to the organization.

Last year, UFC negotiated a 10-year $175 million sponsorship deal with a cryptocurrency-related company that provides bitcoin fans with exchange, storage, and trading solutions.

In 2021, crypto firms and platforms spend millions in sponsorships for well-known companies such as UFC and sports leagues like as MLB, FIFA, Formula 1, and other sports-related companies and franchises.

Fighters will earn their bonuses in Bitcoin at a pre-determined dollar amount at the time of the event.

The debut of crypto bonuses is expected at UFC 273: "Volkanovski vs. The Korean Zombie," which will feature a featherweight title fight between Alexander Volkanovski and Chan Sung Jung in the main event.

The bantamweight title fight between Aljamain Sterling and Petr Yan is the co-main event.