Karate Combat: A Crypto-Driven Martial Arts App

04/19/2023 14:10 • Metaverse Matters • 152 views

On April 19th, according to Decrypt, Karate Combat, a karate combat application, completed a $18 million financing for crypto driven martial arts. Investors who have joined Bitkraft Ventures as fund leaders include Delphi Digital, The Operating Group, Alpha Wave Global, Hashkey, RooxieXBT, and others. The Karate Fighting League is sponsored by the HBAR Foundation, which supports the Hedera ecosystem and Hedera Hashgraph network.

Karate Combat completed $18 million in financing for crypto driven martial arts

Introduction

On April 19th, Karate Combat, a karate combat application, completed a $18 million financing for crypto-driven martial arts. This fund has seen Bitkraft Ventures, Delphi Digital, The Operating Group, Alpha Wave Global, Hashkey, RooxieXBT, and others join in as fund leaders. The Karate Fighting League is sponsored by the HBAR Foundation, which supports the Hedera ecosystem and Hedera Hashgraph network.

What is Karate Combat?

Karate Combat is a professional martial arts fighting league that follows the rules of full-contact karate. They have their unique karate rules, such as having a closed fighting space and a tariff on throws. The fighters wear gloves and pads, similar to traditional boxing gear, but also have shorts that feature motion-tracking sensors that provide data that can be used to analyze fighter performance.

Why is Karate Combat Getting Crypto Financing?

There are different reasons why Karate Combat is getting funding from cryptocurrency investors. First and foremost, Karate Combat is a unique sports concept, combining martial arts, technology, and entertainment. The inclusion of blockchain technology to power payments and contracts provides transparency and accountability that appeal to cryptocurrency investors.
Furthermore, crypto investments are attractive to sports leagues because it can allow for fractional ownership, making investing more accessible to smaller investors. This model allows multiple investors to buy portions of a fighter’s career earnings, which provides a new channel for crowdfunding in sports.

How Has the HBAR Foundation Supported Karate Combat?

The HBAR Foundation supports Karate Combat as a sponsor of the Karate Fighting League. The Foundation is dedicated to supporting the Hedera ecosystem and Hedera Hashgraph network, which provides a fast and secure way for DApps to operate, such as Karate Combat. The HBAR Foundation recognizes the potential of blockchain technology, and Karate Combat’s use of the platform highlights how it can innovate various industries.

Conclusion

Karate Combat is a unique combination of sports, technology, and entertainment that is becoming more popular, and getting funding from cryptocurrency investors. Karate Combat’s adoption of blockchain-based payments and contracts further cements the potential of the technology to disrupt traditional methods of financing sports leagues. The sponsorship of the HBAR Foundation indicates the platform’s potential and its ability to innovate industries such as sports.

FAQs

1. What is full-contact karate?

Full-contact karate emphasizes a more realistic approach to karate and allows for punches, kicks, knees, and elbows, as well as grappling techniques.

2. What other sports leagues have adopted crypto financing?

Other sports leagues that have adopted cryptocurrency financing include the Sacramento Kings of the NBA, who began accepting bitcoin in 2014, and the Dallas Mavericks, who began accepting Dogecoin in 2021.

3. How has blockchain technology affected sports in general?

Blockchain technology has affected sports in several ways, including enhancing transparency and accountability, creating new investment opportunities, streamlining ticketing and event management, and creating new ways for fans to engage with teams and athletes.

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