Mixed martial arts champion Conor McGregor has entered the cryptocurrency market with a new token called ‘REAL' in partnership with Real World Gaming decentralized autonomous organization (DAO).
The token, released through a sealed bid auction, aims to block bots and snipers from taking over the launch.
McGregor plans to use the funds from the REAL token to launch ventures related to sports and gaming, aiming to reshape the gambling industry by connecting it more closely with real-life experiences and mainstream consumers.
The introduction of memecoin by McGregor comes as cryptocurrency traders show interest in such coins while waiting for the broader economic situation to stabilize.