January 27, 2022

UFC launches its cryptocurrency and NFT tokens

UFC launches its cryptocurrency and NFT tokens

Soon, the Ultimate Fighting Championship (Mixed Martial Arts Championship or UFC) could be another league in which the sale of non-fungible tokens (NFT) will beginand the launch of a new cryptocurrency will take place. Zuffa, the parent company of the mixed martial arts (MMA) organization, has filed several new trademark filings, signaling its intention to follow this trend.

Recently founder of the law firm GerbenIntellectual Property Josh Gerben tweeted that the UFC has filed a number of applications with the US Patent and Trademark Office. It follows from the documents that the league plans to deploy an application that allows users to manage cryptocurrencies under the UFC and NFT brands.

This development can provide seriousa source of income for the UFC, similar to how other sports leagues in North America have used NFT technology. These include the National Basketball Association (NBA), which offers digital collectibles under the NBA Top Shot brand. According to the league, as of April 23, the market has attracted 460,000 collectors (up 100 times since the beginning of the year), who have made more than 4 million transactions.

Major League Baseball (MLB) also uses thisan innovation as Topps released its NFT Collectibles earlier this month, the company's flagship annual collection of baseball cards.

According to some experts, the UFC decision couldbe associated with an initial public offering (IPO) of the league owner of the entertainment group Endeavor. During their debut on the New York Stock Exchange on April 29, the group's shares rose 12%, then a correction began. Having sold about 21.3 million shares at $ 24 each, Endeavor raised about $ 511.2 million for a total value of $ 10.8 billion.

Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposit and withdrawal of funds in rubles, hryvnias, dollars and euros.

Site reliability is primarily determined bytrading volume and number of users. By all key metrics, Binance is the largest cryptocurrency exchange in the world. Binance is also the most popular cryptocurrency exchange in Russia and the CIS, since it has the largest turnover of funds and supports transfers in rubles from bank cards Visa / MasterCard and payment systems QIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

# Exchange: Website: Rating:
1 Binance (Editor's Choice) https://binance.com 9.7
2 Bybit https://bybit.com 7.5
3 OKEx https://okex.com 7.1
4 Exmo https://exmo.me 6.9
5 Huobi https://huobi.com 6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

  • Work reliability - stability of access to all platform functions, including uninterrupted trading, deposit and withdrawal of funds, as well as the period of work on the market and the daily trading volume.
  • Commissions - the size of the commission for trading operations within the site and the withdrawal of assets.
  • Feedback and support - we analyze user reviews and the quality of technical support.
  • Convenience of the interface - we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
  • Platform features - availability of additional features - futures, options, staking, etc.
  • final grade - the average number of points for all indicators, determines the place in the rating.

UFC launches its cryptocurrency and NFT tokens


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