VeChain has entered into a significant sponsorship agreement with Power Slap, strengthening its presence in combat sports.
VeChain's Sponsorship in Power Slap
VeChain has signed a $76 million naming rights deal with Power Slap, founded by UFC President Dana White. The six-year agreement puts the VeChain brand front and center at Power Slap events, on athlete gear, and in press conferences.
VeChain's Growth in Sports Industry
Power Slap is rapidly gaining popularity worldwide, drawing millions of viewers. As the title sponsor, VeChain's brand will be visible at every major event and in promotions. Previously, VeChain partnered with UFC, highlighting its commitment to mainstream visibility.
VeChain's Tokenomics Update
VeChain is introducing upgraded tokenomics, featuring Staking NFTs, higher APY, and enhanced rewards, creating incentives for validators and delegators. These changes include a 72% reduction in $VTHO inflation, 100% fee burning, and dynamic fees.
These steps bolster VeChain's position in the sports and blockchain industries, forming new opportunities for long-term growth and sustainability.
