Summary:
The rise of cryptocurrency in the muscular world shows no signs of abating. A sports fishing tournament has announced that the main prize of $1 million would be won in bitcoin. For the saltwater fisherman, the reward is one of the largest in the world. This is the first North American sports championship to award the main prize in this manner. The SFC and CBS Sports Network are broadcasting the action live from the boats participating in the competitions. This is just one example of how cryptocurrency firms are beginning to sponsor major sporting events. Other collaborations between bitcoin firms and sports have lately made headlines.
Details:
Cryptocurrencies have also been taken over by the athletic world. A sporting fishing competition has entered the scene. One million dollars in bitcoin is winnable as the grand prize. The Trust Project is an international coalition of news companies working to develop transparency standards. All fishing lovers must take a look here. Crypto’s ascension into the athletic world shows no signs of abating. Now, a sports fishing competition has announced that the top prize of $1 million would be won in bitcoin.
One of the largest first-place rewards for saltwater fishermen has been announced by the Sport Fishing Championship (SFC). It will be worth $1 million in bitcoin. The winner of the Billfish Division will get this haul. Billfish are big predatory fish that have a “bill” that they use to slice and shock victims. Marlin, sailfish, spearfish, and swordfish are the most frequent billfish. There are also championship tournaments in which the winner is determined by capturing the largest Mahi Mahi, Wahoo, or Yellowfin.
The Reward
The lucky contestant who catches one of these marine monsters will be rewarded later in 2022. The SFC claims that this is the first North American sports tournament to award its grand prize in bitcoin. For saltwater fishermen, the reward is one of the largest in the world. The Billfish Division event begins in April 2022 with the Louisiana Gulf Coast Billfish Classic and concludes in August with the San Juan International Billfish Tournament.
“Our one million dollar cryptocurrency reward not only ends up creating a thrilling opportunity for our competitors, but it also marks a new benchmark for the top award approved by a fishing championship and provides our winners the adaptability of earning their trophies in digital currency,” said Sport Fishing Championship commissioner Mark Neifeld. The SFC and CBS Sports Network are broadcasting the action live from the boats participating in the competitions. Supporters can also watch complete tournament coverage right here. The massive award pushes cryptocurrencies into the mainstream, paving the way for further usage.
Sports and crypto adoption
Crypto has grown by leaps and bounds in the athletic world. Prizes at a recent chess competition included bitcoin and an NFT trophy. This is just one example of how crypto firms are beginning to sponsor major sporting events. Other sponsorship deals involving bitcoin firms and sports have lately made headlines.
Crypto.com Recently purchased the naming rights to the Los Angeles Arena, home of the Los Angeles Lakers. The contract is for 20 years and is worth $700 million. Crypto.com collabrates with Formula 1, controlled by Liberty Media. This was a $100 million transaction. Chiliz, a blockchain finance service, assisted several of the world’s major football teams in creating fan tokens. Barcelona, AC Milan, Galatasaray, Paris Saint-Germain, AS Roma, Juventus, and Atletico Madrid were among the teams.
Credits: www.beincrypto.com