NFT

MMA Fighters Have New Revenue Stream Through 'Fight Club' NFT Collection

Speaking to the highly debated conversations surrounding UFC fighter pay.

NFT

MMA Fighters Have New Revenue Stream Through 'Fight Club' NFT Collection

Speaking to the highly debated conversations surrounding UFC fighter pay.

Did you know that the average MMA fighter earns anywhere from $10,000 to $3 million USD, depending on which of the three salary tiers they fall under?

Conversations surrounding fighter pay has been one that has been highly debated for several years in the UFC (which organizes MMA fights) as the primary source of income for UFC fighters is made through fights.

Earlier this month, Web3 MMA enthusiasts, Marshall Inu ($MRI), launched a project to help provide MMA fighters with an additional source of income, including its ‘Fight ClubNFT collection.

Selling out in under 24 hours, the 4,444 NFT collection also affords holders continual entries to receive UFC match tickets, trips to fighter meet & greets, and admission to VIP events like the recently held Marshall Mansion experience. at UFC Texas.

Since its launch in February, Marshall Inu has gifted over $4.5 million USD to 500+ fighters, continuing to push its mission in merging the worlds of MMA and meme coins by fostering career growth, while empowering MMA coaches, gyms, and charities

To date, the Marshall ecosystem has grown to over 10,000 global owners, allowing NFT holders to bet on UFC cards, purchase limited-edition merchandise, and stake or farm tokens.

Unlike traditional NFT projects and tokens, a percentage of every NFT transaction goes towards helping aspiring MMA fighters reach their individual goals. The Fight Club NFTs will also be used in the upcoming P2E  game, which will be integrated with the $MRI tokens.

For many MMA competitors, achieving the necessary recognition is extremely costly, requiring skilled individuals to pay for entry to competitions, expert trainers, travel costs, pre-fight testing, and more.

With the increase of crypto and sports associations, the UFC has started to make larger strides in its support of digital assets, fostering some of the largest NFT collectors and crypto traders including Francis Ngannou, Khabib Nurmagomedov, and Cris Cyborg – who all have launched their own lines of NFTs.

In 2020, UFC partnered with Dapper Labs for blockchain licensing. Last month, the UFC also announced its first-ever Official Fight Kit Partner, with a $175 million USD sponsorship with Crypto.com – enabling fighters’ bonuses to be paid in Bitcoin.

In June, the UFC announced a partnership with DraftKings, to present “Reignmakers,” an MMA-focused franchise consisting of digital collectibles and NFT-based games.

In other NFT news, CASETiFY licenses $2M worth of BAYC IP with exclusive merchandise collection.

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