Royaltiz, a talent
investment platform that allows users to bet on the future earnings
of celebrities, musicians and athletes through digital tokens, is
banking on the potential of
Ultimate Fighting Championship contender Khamzat
Chimaev.
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The company recently announced that it has signed Chimaev to a
10-year contract to launch his own talent investment tokens, which
are known as ROYs. According to a release, “Chimaev’s ROYs offer
UFC fans a unique chance to invest in the illustrious fighter’s
career before he potentially becomes welterweight champion.”
According to the release, “sports fans can invest in famous
athletes and earn a yield, which is paid monthly based on a portion
of the talent’s income.” For example, Royaltiz states that Sean Brady’s
ROYs were introduced at $1.99 per token but are now currently
valued at $4.42 each, while Petr Yan’s
went from $1.99 to $4.28. Chimaev’s ROYs are expected to officially
debut on Nov. 22.
“The launch of Khamzat Chimaev’s ROYs later this month will mark
the biggest athlete introduction on Royaltiz to date,” Royaltiz CEO
and co-founder Christopher Vattier said. “We’re honored to join
forces with one of the UFC’s most popular up-and-coming stars and
can’t wait to invest in his success as he climbs his way to the top
of the welterweight division.”
The 28-year-old Chimaev has emerged as one of the UFC’s top
contenders with victories in his first six Octagon appearances.
Most recently, the
Allstars Training Center product submitted Kevin
Holland in the opening round of their clash at UFC 279 on Sept.
10. UFC president Dana
White confirmed that the promotion is working on a matchup
between Chimaev and Colby
Covington for 2023, though that fight has not been finalized.