As the use of cryptocurrency grows throughout the world, an increasing number of celebrities and sports are diving into digital assets like Bitcoin.
Notably, on January 14, UFC heavyweight champion Francis Ngannou said on Twitter that he is considering collecting 50% of his next bout purse in Bitcoin. The Cameroonian, who is due to fight again on January 22, wrote in a Tweet that:
It’s worth noting that the fighter was recently in contract discussions with the UFC, however they were at odds over a new UFC agreement that included boxing possibilities. It’s unclear whether Ngannou’s interest in Bitcoin as payment for his fight purse has anything to do with his statement that he “would not fight for $500,000, $600,000 longer.”
“Bitcoin is massive in Africa,” the champion said, which isn’t an exaggeration; according to Chainalysis, the African cryptocurrency market rose by over 1,200 percent in value between July 2020 and June 2021. According to the corporation, African countries got $105.6 billion in cryptocurrency.
The Most Challenging Fight For Ngannou
Ciryl Gane is regarded as Ngannou’s most difficult opponent thus far. Gane has beaten every single one of his opponents because to his agile movement and all-around abilities. Because of this, many people feel Ngannou will struggle against ‘Bon Gamin.’
The Ultimate Fighting Championship, under which Ngannou competes, is a well-known international mixed martial arts organisation. Crypto.com, one of the world’s major crypto trading platforms by trading volumes, announced a sponsorship and a fight-kit agreement with the firm in July 2021.
The transaction is thought to be valued over $175 million over ten years, according to sources familiar with the situation. Interestingly, this isn’t the platform’s first move into sports; we previously reported that the Singapore-based cryptocurrency corporation had agreed to rename the Staples Center, home of the Los Angeles Lakers, to the ‘Crypto.com Arena,’ for an estimated $700 million.
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