Karate Combat Secures funding – Karate Combat just finished an $18 million financing, led by BITKRAFT Ventures, to further its concept of an alternative martial arts tournament. The project combines CGI broadcasts with a crypto-backed fan participation system.
Karate Combat will introduce an app and its own cryptocurrency, $KARATE, in May. According to the organization’s documentation, digital coins can be acquired by making fight-winner predictions. They are then used to decide league strategy, including resource distribution and rule revisions.