Karate Combat, the premier full-contact karate league, has recently secured a funding round of $18 million that will help the organization realize its vision of tech-enhanced martial arts. The investments included major contributors such as Bitkraft Ventures, Delphi Digital, The Operating Group, Alpha Wave Global, Hashkey, and RooxieXBT. On May 10th, 2021, Karate Combat will launch both the "Up Only Gaming" app and its native token $KARATE on both Ethereum and the Hedera Hashgraph network.

Karate Combat combines the traditional elements of martial arts with the latest immersive technologies. These include computer generated environments and XR technology from Epic Games' Unreal Engine. Karate Combat's unique approach has already garnered attention from audiences and media in more than 100 countries and through partnerships with sports broadcasters such as Eurosport, Globo's Combate, BeIN Sports, CBS Sports, and ESPN Deportes.

At the heart of Karate Combat's new gaming model is the $KARATE token. Players can use these tokens to allocate to their favorite fighters and increase the potential prize pools beyond their contracted pay. If their chosen fighter succeeds, the player wins more tokens - and even if their fighter loses, the tokens are not lost. $KARATE will also be used to govern certain activities in the Karate Combat league, as the organization has recently shifted to a DAO (Decentralised Autonomous Organisation). This new structure allows token holders to shape the direction of the league, from fund allocation to deciding which future fights will take place.

Notably, the Karate Combat movement has seen a surge in popularity in the past years, partially due to TV series such as Netflix's Cobra Kai - the spin-off of the Karate Kid franchise. With the added investments and the launch of the $KARATE token and the gaming app, Karate Combat looks to establish itself as the world's first crypto league, as well as to reaffirm itself as the premier full-contact karate league.

Karate Combat, the world's premier full-contact karate league, has received a major boost with an $18 million funding round from prominent investors including Bitkraft Ventures, Delphi Digital, The Operating Group, Alpha Wave Global, Hashkey, and RooxieXBT. This investment will allow for the launch of both the "Up Only Gaming" app and its native token, the $KARATE, on the Ethereum and Hedera Hashgraph networks on May 10th.

This new gaming model from Karate Combat offers a unique concept which has already earned the league massive attention from audiences and media in multiple countries. The hallmark of this model is the use of the $KARATE token, as players can use them to allocate to their favorite fighters and increase their potential prize pools on successes. Moreover, token holders are able to govern certain activities in the Karate Combat league, as the organization recently shifted to a DAO (Decentralised Autonomous Organisation). This means they will be able to influence the direction of the league, from fund allocation to deciding future fights and events.

In addition to the behind-the-scenes tech elements, Karate Combat has also seen a surge in popularity due to the renewed interest in martial arts as displayed in Netflix's Cobra Kai series, a spin-off of the classic Karate Kid franchise. With the added investments and its unique new gaming model, Karate Combat is primed to become the first crypto league in the world and dominate the full-contact karate scene.



Other News from Today