Karate Combat Unveils Layer-2 Blockchain Platform UP on Hedera Network
Karate Combat, the renowned professional strike league, has made waves in the digital ecosystem with the launch of its Layer-2 platform, UP, on the Hedera blockchain network. This cutting-edge blockchain and crypto-native software licensing platform is slated to debut in the first quarter of 2025, revolutionizing the realms of sports, esports, and entertainment.
Empowering Through Web3
UP is designed to usher in the era of web3 by offering a comprehensive toolkit that aims to drive engagement and adoption across various sectors. With a focus on esports, sports, and entertainment, UP seeks to bring a new wave of innovation and interaction to the digital landscape.
The platform's "UP Only Gaming" gaming software stack has already attracted a strong following, with over 10,000 active players participating in the ecosystem. Token holders have the opportunity to earn additional tokens by making accurate predictions about fight outcomes. Additionally, the stack includes mobile apps for both iOS and Android, a web app, and a blockchain backend, providing users with a seamless and immersive experience.
In a bold move to expand its reach, Karate Combat will offer free licensing of this software stack to qualifying partners, including sports leagues, teams, esports organizations, fantasy sports platforms, poker tournaments, memecoin projects, and gambling platforms. Partners will have the ability to clone, customize, and launch their own stack at no cost, opening up new avenues for innovation and collaboration.
Furthermore, partners can issue tokens on any blockchain and access the UP Only Gaming software by wrapping tokens to UP on Hedera during gameplay, ensuring a seamless integration of Blockchain Technology into the gaming experience.
Native Token Launch in 2025
In a strategic move to further integrate blockchain technology into sports and entertainment, Karate Combat has announced plans to launch its native token, $UP, in 2025. This initiative will not only enhance the user experience but also provide additional incentives for community engagement.
Under this tokenomics model, up to 30% of the $UP token supply will be allocated to $KARATE token stakers over time, rewarding loyal community members and driving participation. Additionally, Karate Combat will introduce H-Stack, an open-source library for deploying Layer 2 blockchains on the Hedera network, further expanding the ecosystem's capabilities.
To fuel DeFi growth and enhance liquidity, 10% of the UP token supply will be dedicated to incentivizing HBAR liquidity pools, decentralized borrowing and lending, and staking of HBAR and other Hedera tokens on the UP platform. This strategic allocation aims to strengthen the platform's financial infrastructure and drive innovation in the decentralized finance sector.
Strategic Partnerships and Collaborations
Karate Combat's ambitious expansion plans are supported by a renewed three-year strategic partnership with The HBAR Foundation, a key blockchain sponsor for the Hedera network. The foundation's backing will bolster Karate Combat's blockchain initiatives, including the development of decentralized applications in areas such as DeFi, NFTs, and gaming.
The successful collaboration between Karate Combat and The HBAR Foundation since 2021 underscores the shared commitment to driving innovation and blockchain adoption in the digital landscape. With a focus on empowering developers and creators, this partnership paves the way for new opportunities and advancements in the world of sports, entertainment, and beyond.
