Web3 project Karate Combat launches new L2 on Hedera

Karate Combat, a web3 professional strike league, is preparing to launch its layer-2 blockchain network on Hedera.

The Karate Combat team announced on October 11 that its new layer-2 platform, UP, will go live on Hedera (HBAR) in the first quarter of 2025.

Prior to this, the Karate Combat team licensed the software stack to allow sports leagues, teams, e-sports, fantasy sports, meme coins or gambling platforms to migrate to web3 via the UP layer-2 network.

Karate Combat’s “Up Only Game”, which has over 100,000 active players, allows holders of native token KARATE to earn additional tokens when they correctly predict the outcome of fights on the platform.

UP token will be launched in 2025

UP will allow partner platforms to use the software stack to create replica mobile applications that they can customize. Karate Combat will also offer grants and incentives to its partner organizations when its layer 2 token UP launches in 2025.

Early builders will also be incentivized, with plans for up to 30% of UP tokens to go to KARATE stakers.

Meanwhile, 10% of the tokens will be allocated to an incentive program targeting HBAR. These tokens will be placed in liquidity pools, Hedera-based decentralized borrowing and lending protocols, and staking.

HBAR Foundation, the organization focused on developing Hedera, has a strategic partnership with Karate Combat, making the Foundation KC’s exclusive blockchain sponsor.

“We are in the final half of our third year of partnership with Karate Combat and it has been incredible to see what they have achieved. “As the first professional sports league governed by a token, they have raised the bar and pushed the boundaries of what is possible on-chain.”

David Cramer, chief operating officer, HBAR Foundation.