Information about "Karate Combat"
Karate (KARATE) is the pioneering token that offers governance and gamification for a tangible professional sports league.
Karate Combat is a swiftly expanding professional, full-contact combat sport, boasting 4.6 million fans, with 100-200 million organic views monthly, and around 100 professional athletes under exclusive contracts.
The league was established by entrepreneurs from the tech and crypto sectors and appeals to a youthful, global audience through its multi-platform distribution, dynamic stand-up bouts, and 3D CGI settings created using Unreal Engine.
It enjoys broadcast coverage on many leading sports networks worldwide, including Eurosport, Globo's Canal Combate, BeIN Sports, CBS Sports, and ESPN Deportes. Simultaneously, the league's events are streamed at no cost on its website, Karate.com, as well as on platforms like YouTube, TikTok, Twitter, Facebook, and Kick.
The league employs some of the most exceptional karate fighters ever and is built on a vast karate legacy. However, its distinct ruleset establishes a new sport crafted to entertain with a fast-paced, unique experience.
While the UFC and its imitators are largely focused on jiu-jitsu, a grappling and ground-fighting sport with submission holds, Karate Combat's innovative rules promote stand-up, strike-oriented matches where victories are achieved through punches, kicks, and throws. Fighters have a limit of five seconds for ground combat on the pit floor.
Each event is filmed against live-rendered 3D CGI backdrops using technology called In-camera VFX and Extended Reality. It’s the only professional sport shot in front of live-rendered 3D graphics, resulting in a viral, real-life rendition of Mortal Kombat.
In 2022, Karate Combat’s assets were fully transferred by its crypto-oriented founders to a foundation without owners to allow the KarateDAO to steer web3 governance and gamification. This new arrangement creates a web3 game precisely aligned with sports fans' habits and interests.
Aside from real governance of the league, the primary starting use for the KARATE token is participation in Up Only Gaming. Up Only Gaming is a risk-free game based on smart contracts. When sports enthusiasts have a stake in an event, even a minimal one, their engagement increases significantly. Nonetheless, the fact remains that most people eventually stop betting on sports because they lose money.
The innovative Up Only Gaming mobile and web apps allow token holders to select their favored fighters seamlessly, offering a chance to earn more tokens without any risk of losing them. For 48 hours leading up to each event, token holders can choose fighters by signing messages off-chain. Players can concentrate all their votes on a single fight or distribute them across several matches. The more $KARATE tokens a player possesses, the greater their potential winnings. Players who back losing fighters keep their $KARATE tokens and can participate in future events. Over time, active players and victorious fighters slowly outnumber inactive fans.
The league has also completely embraced a web3 open ecosystem marketing strategy through a highly permissive IP license, initially focusing on NFTs and video games. The league is also planning to open source its smart contracts and front ends, promoting a lively ecosystem of applications built on the Up Only Gaming framework.
Up to now, most fan token and sports NFT projects have depended on exclusive-access experiences to provide utility. That's just the starting point, and with the entire league governed by the token, Karate Combat aims to outperform by a factor of 10. Karate Combat believes that a public ledger that is transparent is the ideal technology to foster a shared sense of ownership of a cultural asset like a sports property and intends to fully leverage it.
Karate Combat is a swiftly expanding professional, full-contact combat sport, boasting 4.6 million fans, with 100-200 million organic views monthly, and around 100 professional athletes under exclusive contracts.
The league was established by entrepreneurs from the tech and crypto sectors and appeals to a youthful, global audience through its multi-platform distribution, dynamic stand-up bouts, and 3D CGI settings created using Unreal Engine.
It enjoys broadcast coverage on many leading sports networks worldwide, including Eurosport, Globo's Canal Combate, BeIN Sports, CBS Sports, and ESPN Deportes. Simultaneously, the league's events are streamed at no cost on its website, Karate.com, as well as on platforms like YouTube, TikTok, Twitter, Facebook, and Kick.
The league employs some of the most exceptional karate fighters ever and is built on a vast karate legacy. However, its distinct ruleset establishes a new sport crafted to entertain with a fast-paced, unique experience.
While the UFC and its imitators are largely focused on jiu-jitsu, a grappling and ground-fighting sport with submission holds, Karate Combat's innovative rules promote stand-up, strike-oriented matches where victories are achieved through punches, kicks, and throws. Fighters have a limit of five seconds for ground combat on the pit floor.
Each event is filmed against live-rendered 3D CGI backdrops using technology called In-camera VFX and Extended Reality. It’s the only professional sport shot in front of live-rendered 3D graphics, resulting in a viral, real-life rendition of Mortal Kombat.
In 2022, Karate Combat’s assets were fully transferred by its crypto-oriented founders to a foundation without owners to allow the KarateDAO to steer web3 governance and gamification. This new arrangement creates a web3 game precisely aligned with sports fans' habits and interests.
Aside from real governance of the league, the primary starting use for the KARATE token is participation in Up Only Gaming. Up Only Gaming is a risk-free game based on smart contracts. When sports enthusiasts have a stake in an event, even a minimal one, their engagement increases significantly. Nonetheless, the fact remains that most people eventually stop betting on sports because they lose money.
The innovative Up Only Gaming mobile and web apps allow token holders to select their favored fighters seamlessly, offering a chance to earn more tokens without any risk of losing them. For 48 hours leading up to each event, token holders can choose fighters by signing messages off-chain. Players can concentrate all their votes on a single fight or distribute them across several matches. The more $KARATE tokens a player possesses, the greater their potential winnings. Players who back losing fighters keep their $KARATE tokens and can participate in future events. Over time, active players and victorious fighters slowly outnumber inactive fans.
The league has also completely embraced a web3 open ecosystem marketing strategy through a highly permissive IP license, initially focusing on NFTs and video games. The league is also planning to open source its smart contracts and front ends, promoting a lively ecosystem of applications built on the Up Only Gaming framework.
Up to now, most fan token and sports NFT projects have depended on exclusive-access experiences to provide utility. That's just the starting point, and with the entire league governed by the token, Karate Combat aims to outperform by a factor of 10. Karate Combat believes that a public ledger that is transparent is the ideal technology to foster a shared sense of ownership of a cultural asset like a sports property and intends to fully leverage it.
