South Korean Golfer Lee Ye-won Wins Crypto Prize

The South Korean professional golfer Lee Ye-won has scooped a crypto prize value over $457,000 by profitable a KLPGA Tour occasion in Busan.

The WEMIX Championship was sponsored by the home gaming big WeMade’s crypto and blockchain gaming subsidiary.

The KLPGA (Korea Girls Skilled Golf Affiliation) tour is among the greatest rivals to the LPGA tour, and options among the greatest ladies’s golf stars.

Lee scored 67, ending the two-day championship 5 underneath par to win – and was awarded 250,000 WEMIX tokens rather than fiat prize cash.

The gaming agency supplied a complete of 1 million of its tokens (value round $1,828,000 on the time of writing) as prize “cash” for the tour, South Korea’s Golf Digest reported.

The agency additionally distributed NFTs to golfers who made the reduce for the second day of the occasion, and issued NFT tickets.

The occasion was held on the Haeundae Seaside Golf and Resort, a par 72 course in Busan – South Korea’s second metropolis.

Lee, aged 20, at present sits thirty fourth within the international golf rankings, compiled by Rolex – though her rating could also be revised upward following her current triumph.

Golf Stars to Neglect Fiat in Favor of Crypto Prizes?

WeMade will possible see the occasion as one other coup because it seeks to realize assist for its token.

The coin was dealt a blow late final yr when DEXA, the listings committee operated by the nation’s solely 5 fiat-trading crypto exchanges, ordered the speedy delisting of WEMIX.

DEXA mentioned it discovered irregularities within the issuer’s knowledge concerning the variety of WEMIX cash in circulation.

WeMade has since succeeded in “relisting” its coin, with two DEXA member exchanges this yr including WEMIX to their platforms.

The agency has additionally secured a number of abroad listings for its coin, because it seeks to revive its fame and carve a distinct segment for itself because the nation’s main gaming-related token.

Crypto and golf have loved a combined relationship through the years.

In 2018, British golf golf equipment introduced that they might settle for Bitcoin (BTC) funds.

And in March this yr, Grampian On-line reported {that a} crypto group named LinksDAO had “entered into an exclusivity settlement” to purchase a “historic” Scottish golf course.

However the South Korean golf world was surprised in August when prosecutors requested a court docket to arrest a former nationwide golf crew coach.

The coach, a former professional named Ahn Seong-hyun, was accused of bribing crypto alternate officers to record an altcoin.