Karate Combat closes $18M to build Web3, mixed reality live sports

Karate Combat has raised $18 million to fund its full-contact martial arts league that features combatants in immersive CGI environments. The league’s (mixed reality) XR technology, powered by Epic Games’ Unreal Engine, represents the next step in blending real-time virtual effects with live sports.

The round of funding will support the May 10th launch of the Karate Combat app and the league’s $KARATE token. Karate Combat is structured as a Decentralized Autonomous Organization (DAO) — a first for a sports league. Fans can earn $KARATE through the app and by watching matches. The goal is to reward the league’s most active fans and to gamify the experience.