TL;DR
- The FIGHT token associated with the UFC raised $183 million in a funding round well above its target.
- A second round raised $15.7 million days after the first sale in late October.
- The project will use the Solana blockchain for forecasting and governance functions within the combat sports ecosystem.
The FIGHT token, associated with the Ultimate Fighting Championship through partner Fight.ID, has collected $183 million in its latest fundraising event. This amount greatly exceeds the initial goal of $1.5 million. Data from the token’s sale platform confirms the result.
This event represents a second token sale in a short period. A previous sale concluded on October 27, raising $15.7 million against a target of $750,000. Fight.ID operates under a license from Concept Labs, which manages UFC intellectual property and sponsorship agreements.
The FIGHT token is built on the Solana blockchain
Its planned functions include governance voting, staking rewards, and payments within its system. Furthermore, holders can engage in prediction markets related to UFC matches, similar to fantasy sports. The total token supply is fixed at 10 billion units. Allocations are set for community incentives at 57%, investors at 17.5%, the core team at 15%, liquidity at 6.5%, and advisors at 4%.
Blockchain data from Solscan shows 3,776 separate deposits to the project’s fundraising address. The UFC’s official social media account recognized the partnership earlier in November. However, new token launches often experience sharp price changes after distribution.
For instance, the XPL token from Plasma lost over 80% of its value within one month after its issue. The FIGHT project now advances with substantial capital, aiming to connect combat sports with digital asset utility.
