Cryptom CRO-USD is progressing with its sports partnership expansion after it teamed up with the UFC to create new Fight Night bonuses for athletes that will be paid in Bitcoin BTC-USD, according to a release Thursday.
The Fan Bonus of the Night will feature three Bitcoin BTC-USD bonuses that will be awarded to the top three fighters appearing on each UFC Pay-Per-View as decided by fans votes. Bitcoin payouts will be $235K for first place, $50K for second and $25 for third, the company said.
Bonuses will be introduced at UFC Volkanovski vs. The Korean Zombie, which will take place April at VyStar Veterans Memorial Arena in Jacksonville, Fl.
The move came after Cryptom CRO-USD in July was named UFC s first global Official Fight Kit Partner. Five months later, UFC and Cryptom extended their partnership to include a multi-year licensing agreement for an exclusive series of UFC non-fungible tokens in which UFC athletes will receive 25% of UFC s revenue from the NFT sales.
Meanwhile, bitcoin BTC-USD -2.5% is slipping to $25.5K in midday trading and down nearly % in the past five sessions. Cryptom CRO-USD -1.7% tokens are edging down slightly to $25.20.
In March, Cryptom added FIFA World Cup to its growing list of sports sponsorship deals.
