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VeChain made a remarkable $100M partnership with UFC

VeChain becomes the first L1 blockchain network to partner with UFC.

According to a recent announcement made by VeChain, the L1 blockchain network and the sports Ultimate Fighting Championship (UFC) have signed a contract of partnership worth $100M for five years. VeChain's co-founder and CEO said that the deal is a strategic move to increase the network's brand visibility and extend its reach globally.

VeChain network will see unique growth as the UFC boasts a massive following with a presence across multiple countries. Also, after this announcement, the VeChain network saw a 10% jump in the price.

As of now, at the time of writing this article, VeChain is ranked #32 on CoinMarketCap with a Market Capitalization of over $2.2B.

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