The Gamebred Fighting Championship of UFC legend Jorge Masvidal has partnered with Legacy Records to award fighters with Bitcoin.
Legacy Records previously sponsored the first Gamebred Fighting Championship event on June 18, after which record company CEO Keishia McLeod awarded four hardware wallets loaded with Bitcoin with various prize amounts to the fighters. Legacy Records became the first sponsor of the second Gambebred Fighting Championship event in Biloxi, Mississippi on October 1.
The Gamebred Fighting Championship has already enjoyed two successful MMA events. The first fight night featured stunning first-round knockouts with knees and punches from rising star and bitcoiner Joel Bowman from the world-famous Jacksonwink Martial Arts Academy.
After the event, Bitcoin hardware wallets were awarded to the winners in categories such as “Knockout of the Night” and “Submit of the Night.”
Masvidal stated, “Being the first mixed martial arts promotion to bring cryptocurrency as part of our combat rewards to these fighters helps secure their future and brings more excitement to the sport.” Gamebred is also the first major MMA promotion.
Masvidal continued, “We are proud to have partnered with Legacy Records and can deliver these notebooks directly to fighters after their fights.”
Giving Bitcoin to fighters is a remarkable change of direction and a groundbreaking move in the MMA industry. The biggest promotion, the UFC, is under constant criticism for paying low wages to its fighters, who engage in one of the most physically dangerous professions on the planet.
Bitcoin offers MMA athletes a long-term store of value and incentivizes low time preference money management. For athletes who often get paid a few lump sums a year after fights, bitcoin payments are a marked improvement in financial security and self-sovereignty.