Karate Combat raised $18 M in a new round of funding on 2023-04-18.

According to media reports, Karate Combat raised $18 M in a new round of funding on 2023-04-18. the investors in this funding round include Bitkraft Ventures,Delphi Digital,HashKey Capital,Bitscale Capital,Cypher Capital Group,Lattice Capital,Gate Labs,CSP DAO,Side Door Ventures,Contango Digital Assets and others. Following this round, Karate Combat's total funding reached $18 M.

Karate Combat is a 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. Fans can earn $KARATE through the app and by watching matches, with the goal of rewarding the league's most active fans and gamifying the experience. Stakeholders will be able to have their say on the direction of Karate Combat. Fans can use their tokens to back different fighters and increase potential prize pools beyond contracted pay. Furthermore, fans will be able to compete against each other and climb the league's leaderboards.