sport news UFC becomes the latest sport to delve into the world of cryptocurrency with ...

UFC becomes latest sport to delve into the world of cryptocurrency after announcing partnership with blockchain platform Socios, joining football giants Barcelona and PSG... with followers set to have input on action inside the Octagon using Fan Tokens

By Danny Gallagher For Mailonline

Published: 20:07 BST, 4 May 2021 | Updated: 20:07 BST, 4 May 2021

View
comments

UFC has become the latest sport to get involved in the world of cryptocurrency and blockchain in a bid to bring fans closer to the action than ever before.

Dana White's ultimate fighting empire has announced a partnership with leading blockchain provider Socios, which will enable loyal followers to get hold of $UFC Fan Tokens which will, in turn, allow unique opportunities to make important decisions within the sport itself.

Insurance Loans Mortgage Attorney Credit Lawyer

Fan Tokens are minted on the Chiliz blockchain and are set to provide owners with access to exclusive content and opportunities on Socios.com, such as fan voting, VIP rewards, exclusive promotions, AR-enabled features, chat forums, games and competitions.

UFC has announced a partnership with blockchain provider Socios due for launch in June

UFC has announced a partnership with blockchain provider Socios due for launch in June

It it the latest move from Dana White as he bids to grow the status of the rapidly rising sport

It it the latest move from Dana White as he bids to grow the status of the rapidly rising sport

WHAT ARE NFTs?

As per The Verge, NFTs allow you to buy and sell ownership of unique digital items and keep track of who owns them using the blockchain. 

NFT stands for “non-fungible token,” and it can technically contain anything digital, including drawings, animated GIFs, songs, or items in video games. 

An NFT can either be one-of-a-kind, like a real-life painting, or one copy of many, like trading cards, but the blockchain keeps track of who has ownership of the file.

Advertisement

The $UFC Fan Token is scheduled for launch on Socios.com in June and will have a maximum lifetime

read more from dailymail.....

PREV sport news Manchester United: Jadon Sancho deal back on, but where else will Ole Gunnar ...
NEXT sport news Chelsea 'to wear new 2021-22 home kit for FA Cup and Women's Champions League ...