By Danny Gallagher For Mailonline
Published: 20:07 BST, 4 May 2021 | Updated: 20:07 BST, 4 May 2021
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
It it the latest move from Dana White as he bids to grow the status of the rapidly rising sport
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.
The $UFC Fan Token is scheduled for launch on Socios.com in June and will have a maximum lifetime