#1 Floating title
If the UFC decides to put its full weight behind the "BMF" title, we could see it exchange hands across weight-divisions. In this circumstance, it could make its way down to the lower weight classes around the waist of the likes of Cody Garbrandt or TJ Dillashaw. Inversely, it would be a spectacle to see the likes of Jon Jones, Francis Ngannou or Daniel Cormier battling-it-out for the "BMF" title at Heavyweight or Light Heavyweight.
I'd expect that the current holder would issue a challenge for the belt at an agreed-upon weight division. Throughout several fights, we could see opponents from different weight divisions challenging for the belt.
Get the latest updates on One Championship Rankings at Sportskeeda and more
As a result, with the tides of wins and losses, we could see the belt "float" from weight-division to weight-division and adopt a lineage that lays separate of the typical restraints that lie on UFC's current Championship belts.
In a way, we already see a version of this in the fact that Diaz and Masvidal are typically lightweights, however, have agreed to exchange fists (and knees etc.) at Welterweight, and yet still fight for a title. This is a unique scenario and could not be achieved within a weight-division.
The only limitations on the Championship are those that the UFC decides to put on it. If UFC 244 does high numbers (which it is squaring up to do) then it is very possible that the title could become a mainstay of the sport in a cross-division "floating" capacity. UFC has a reputation for having a title on the line on every major card... even if this means conjuring up sometimes-unnecessary interim title fights.
The "BMF" title could be a viable alternative to this, just as it is for UFC 244 after the initial Welterweight Title headliner between Colby Covington and Kamaru Usman fell through.
Dependant on the commercial success of Diaz vs. Masvidal at UFC 244, UFC has much opportunity to create new top-level title bouts through the endless possibilities presented by the "BMF" Championship. Regardless of what the UFC decides to do with the "BMF" title going forward, we're looking to have a great night of fights this coming Saturday.