How crypto is going to shake up the world of mixed martial arts

Published at: March 1, 2021

A team of mixed martial arts and marketing experts have created a fan-centric platform that’s designed to bring the sport into the digital age.

MMAON says mixed martial arts is considered to be the world’s fastest-growing sport, with the likes of Conor McGregor propelling the discipline to an international stage.

The online platform is designed to connect stakeholders of this thrilling sport — including organizers, athletes, sponsors and fans. With COVID-19 affecting MMA events globally, causing fights to be postponed and fans to stay at home, digitization has never been more important.

Tomaž Ambrožič, a renowned sports marketing expert, described the creation of the MMA Digital Hub as “a very innovative approach.” The platform is set to adopt a similar approach to that of IMDb, which has now become an undisputed authority in the world of film.

He explained: “Each fighter will have their profile set up in one place, with the platform giving fans the opportunity to interact with the fighters, including in the form of a dedicated social media channel and even with the option to reward the fighters directly through the fans.”

A compelling twist lies in how fans will be able to vote on which fighters they would like to see face each other in the ring. Enthusiasts will also have the chance to follow each fighter as they train for upcoming events and share their predictions.

Fighting for the fighters

MMAON says that it also wants to help fighters make a comfortable living. Despite the fact that MMA is one of the most demanding and difficult sports in the world, many stars currently have low earning potential — and only a handful earn a substantial amount.

Through this crypto-focused platform, fighters will be able to receive tips from loyal fans — and athletes will be able to offer branded merchandise and sports equipment to generate revenue. A broader range of sponsorship opportunities will also be offered, something that contracts with professional sporting bodies often prohibit.

Frank Mir, a former UFC heavyweight world champion who serves as a consultant on the project, has said he wished that platforms such as MMAON existed during the early stages of his career — describing it as a “phenomenal concept” that will allow young fighters to be seen by everyone.

He added: “Sometimes you get a little envious when you think about what it would be like to have all these things when I was fighting in my younger years… How much more could I earn? How could I become more popular? It must be easier for every generation.”

One of MMAON’s top priorities will involve encouraging as many world-famous fighters as possible to become part of the revolution.

More insights from MMAON here

A knockout startup

Executives say the MMAON token will have a plethora of use cases — enabling fighters to supplement their income even when they are not in the cage.

Fans will be able to pay fighters to create customized training programs for them, and launch crowdfunding in order to bring the fights they want to see to life. The cryptocurrency is also set to be used as a means of payment for pay-per-view fights and ticketing. In time, staking these tokens will also enable users to receive discounts on merchandise and special events.

MMAON has also been endorsed by Mohammed “The Hawk” Shahid, the president of the BRAVE Combat Federation, who is serving as an advisor to the platform — providing insight and feedback to help the company continue its growth. He added: “MMAON contributes to the sport by not only being a one-stop shop solution for the mixed martial arts industry but it focuses on fighters benefiting every step of the way from the growth of the sport. This is going to be a revolution in the sport of MMA.”

Learn more about MMAON

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.

Tags
Related Posts
Football-focused NFT platform plans to kick off in style, with some big names
Football: It’s a sport filled with magic, memorable moments, and passionate fans who devote their lives to supporting their team. And now, a long-term project is giving supporters a whole new way of collecting memorabilia. Shirtum is a nonfungible token platform that allows footballers to create NFTs reflecting some of their biggest milestones — powerfully telling the story of iconic moments in their careers that will go down in history. Fans will be able to compete for the chance to own limited-edition tokens in their very own personalized gallery, with blockchain technology being used to guarantee the authenticity, traceability and …
Technology / June 14, 2021
Manchester City soccer club launches fan token with Socios
Major English football club Manchester City is the latest sports club to launch its own blockchain-based token to power new tools for digital fan engagement. According to an official announcement Friday, Manchester City has partnered with fan engagement platform Socios.com to launch the CITY fan token on the Chiliz blockchain. Similar to other European clubs like FC Barcelona and Juventus, Manchester City will now have an option to provide VIP rewards, club promotions, games, AR-enabled features and polls using its fan token. Stephan Cieplik, senior vice president of global partnerships sales at City Football Group, the parent company of Manchester …
Adoption / March 19, 2021
NBA-China Scandal Crashes Nike Sneaker-Backed Crypto Token Price
A now-viral post by a Chinese cryptocurrency trader has highlighted the stark drop in the price of American sneaker-backed tokens in the wake of the fallout between the NBA and China. As Reuters reports on Oct. 16, the anonymous trader’s Weibo post from earlier this month had shone a spotlight on an apparent 10% crash in the price of crypto tokens backed by Nike’s Air Jordan sneakers on a United States-based exchange. “It’s clear sneaker speculators were pulling money out of the market,” the trader told Reuters. He interpreted the market response in the context of Chinese netizens’ anger over …
Markets / Oct. 16, 2019
Report: NBA Player Spencer Dinwiddie to Tokenize $34M Contract
Spencer Dinwiddie of the Brooklyn Nets professional basketball team is reportedly planning to tokenize his $34 million NBA contract extension. Following a three-year $34 million NBA contract extension, Dinwiddie is reportedly going to sell digital tokens tied to the contract, wherein investors in the offering would receive principal and interest, Fox Business reported on Sept. 14. NBA gradually embraces crypto Dinwiddie thus joined other NBA players engaged with digital currency. In August, the Dallas Mavericks became the second NBA team to accept Bitcoin (BTC) as a means of payment for match tickets and merchandise. Back in 2014, the Mavs’ rivals, …
Adoption / Sept. 16, 2019
Italian Soccer Club Juventus Follows France’s Paris Saint-Germain to Launch ‘Fan Token’
Major league Italian soccer club Juventus announced Monday, September 24, it will launch its own cryptocurrency “fan token,” two weeks after a similar announcement from Paris Saint-Germain. The product of a partnership with “blockchain-based fan engagement platform” Socios.com, the Italian club aims to release its “Juventus Official Fan Token” as soon as Q1 next year. Like France’s Saint-Germain, which revealed its Fan Token plans with Socios earlier this month, Juventus aims to use the tradeable asset principally for fan voting and polling. The club currently ranks top in Italy and number two worldwide, with a fanbase reportedly topping 60 million. …
Blockchain / Sept. 24, 2018