The Litecoin Foundation is collaborating with premier Glory kickboxing league to turn into the official crypto for international events and its particular online merchandise platform and. The partnership news was declared in a official blog post from Litecoin on Feb. 26.
It will be noted that Glory has signed top kickboxing heavyweights including Peter Aerts and Remy Bonjasky. Much like the announcement, Glory will integrate Litecoin into its online merchandise store, gloryshop.com. Moreover, the league permits fans in Europe and america to use the crypto to own various Litecoin-exclusive, event-related privileges. These privileges primarily include backstage arena tours, athlete meet-and-greets, and premium in-arena seating.
The founder of the Litecoin Foundation, Charlie Lee gave his point of view on the partnership’s prospective drive an automobile crypto adoption. He mentioned that Glory carries a mounting international fan base that consists primarily of your younger demographic who definitely are early adopters for the tech and conduct the majority of their lives online. It ranges from consuming content to purchasing products, etc. Professionals him, tapping into Glory’s international audience and educating them about Litecoin through real-world use cases may be substantial.
It will be noted how the kickboxing league began in 2012. It is usually operated by Glory Sports International, which hosts international events to get a mix of combat disciplines including Combat training, Karate, Boxing, and Taekwondo. Maintaining offices in Denver, Chicago, Amsterdam, and Singapore, Glory’s media coverage allegedly spans over 150 international territories.
The news release states the fact that aforementioned partnership with Litecoin determines the fact that digital asset will get coverage across Glory events, broadcast and web 2.
Whereas the Litecoin-Glory venture brings a cryptocurrency with established industry clout straight into the global sports arena, several high-profile sports clubs have moved to launch the proprietary crypto tokens. For instance, the French soccer club Paris Saint-Germain has partnered with blockchain platform Socios.com to incentivize and monetize fan engagement and experiences through means of a symbol ecosystem.