Unique Partnership: VeChain and UFC Team Up to Create Tokenized Gloves
Date: 2024-04-15 Author: Oliver Abernathy Categories: BUSINESS
Recently, a VeChain blog post on April 12 announced an exciting partnership between VeChain and the UFC that will lead to the creation of tokenized gloves for fighters.
Technological Breakthrough: Tokenization of Gloves on the VeChainThor Blockchain
The gloves used by UFC fighters will be equipped with VeChain near field communication (NFC) chips to record fight data and ensure the authenticity of each pair.
This innovative solution will help prevent fraud in the secondary market by providing buyers with the ability to verify the authenticity of gloves using the VeChainThor network smart contract.
An initial set of 12 exclusive gloves will be unveiled at UFC 300, scheduled for April 13, with a live presentation from UFC CEO Dana White.
Community Reaction: From Delight to Doubt
Reaction from the community of VeChainThor (VTHO) token holders on the Reddit forum was mixed, with some expressing excitement at the new use of the network, and others expressing doubts about the significance of this event for the price of VTHO.
According to Coinmarketcap, VeThor (VTH0) had a market capitalization of over $283 million as of April 12, making it one of the 300 largest cryptocurrencies in the world.
This partnership opens the door to new opportunities in the use of blockchain in the martial arts industry and will also demonstrate VeChain's growing influence in the digital asset space.
