Litecoin foundation stepping into the Octagon for UFC 232

26 Dec, 2018
by Ryan Boltman
News
Litecoin foundation stepping into the Octagon for UFC 232

Litecoin have announced the latest news that the foundation will be the official sponsor of UFC 232: Jones vs Gustaffson 2. 

The announcement from the Litecoin foundation will be sponsoring the main event featuring Jon Jones in a rematch versus Alexander Gustaffson.

The light heavyweight event is set for 29 December at the Forum in Inglewood, California.

Litecoin announced the news stating "Throughout the past year, Litecoin and the Litecoin Foundation have had the opportunity to partner with some great companies and brands. While we will continue to explore these opportunities in 2019, there are several reasons why we think it makes sense for Litecoin to step into UFC’s world-famous Octagon now."

The move for crypto in sponsoring a major sporting event such as the UFC, signals the growing interest in cryptocurrencies and blockchain technology within mainstream sporting events.

The UFC currently has millions of viewers that watch the sporting events. Having Litecoin displayed as the logo on the Octagon's canvas will allow for those viewers to see the cryptocurrency logo.

Litecoin have announced that the sponsorship deal represents the first step to what will hopefully be a long, fruitful relationship between the UFC.

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Read more about: Litecoin (LTC)

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