FIGHT Token Sale Raises $183M as UFC Partner Fight.ID Seeks to Bring Combat Sports Onchain
The Solana-based FIGHT token sale, managed by the UFC-partnered Fight.ID ecosystem, successfully raised $183 million, vastly exceeding its initial targets.Summary
Fight Foundation, the steward of the Fight.ID ecosystem which partners with the UFC to bring combat sports fandom onchain, successfully raised $183 million from the sale of its native FIGHT token. This second token sale in a week significantly surpassed expectations, as the foundation had only targeted $1.5 million for this round and $750,000 for an earlier Oct. 27 sale. Fight.ID's initiative is licensed through Concept Labs, which holds UFC-related IP and sponsorship rights. The FIGHT token, built on Solana, will be used for governance, staking, and payments, with a total supply capped at 10 billion tokens distributed across community incentives, investors, the core team, liquidity, and advisors. The UFC officially acknowledged the collaboration earlier in the month, though the article cautions that hyped token sales can lead to post-distribution volatility.
(Source：CoinDesk)