At Karate Combat, professional fighters, former UFC champions, and crypto influencers face off in fast-paced battles with minimal rules, and over 40,000 users bet on who will win.
The league has been playing games since 2018, but has gradually gained attention over the past year, all of which culminated in the latest match. There, beleaguered influencer Ben “Bitboy” Armstrong faced off against memecoin founder More Right. Harry Potter Obama Sonic 10 Dogs.
Karate Combat's founders say they've found a way to avoid the huge upfront costs typically associated with starting a sports league by using lossless gambling, or what they call “up-only gaming.” thinking about. The founders ultimately believe that their demographic doesn't really care about sports unless they bet on it.
By applying similar mechanics to DeFi yield farms through cryptocurrency integration, they have found a way to build loyal and engaged fan bases at a fraction of the cost found in typical sports leagues. Ta.
While many startups face the cold start problem, the dilemma of getting their first customers and turning a profit, DeFi farms have always gotten around this problem by using incentives. Up Only Gaming essentially takes the mechanics of a yield farm and applies it to a traditional business.
Karate Combat was initially a standard fighting league without cryptocurrency integration. Founder Robert Bryan and his pseudonym Only Larpin acquired the league in 2018 with the goal of creating the next generation of the sport.
They started with a ruleset similar to the UFC, but without any grappling involved. This means that every time a fighter falls to the floor and begins to grapple, the referee steps in and helps the fighter to his feet. This leads to faster-paced fights with far more knockouts than usual.
The BitBoy battle attracted a lot of attention for the league, which leverages cryptocurrencies.Photo: Karate martial arts
Battles in Karate Combat take place in a variety of exotic locations, from an old prison to the president's mother's house.Only larping spoke Decryption That they do everything in their power to make every match look like a real-life version of Mortal Kombat.All events will be streamed for free Karate martial arts website, and the founders promise to never charge a fee. The league generates revenue through sponsorship and host city fees, with local governments paying to host events in their area.
They decided to integrate cryptocurrencies after coming up with the idea for Up Only Gaming. Onlylarping has been part of the cryptocurrency ecosystem since 2014, and after developing the concept of lossless gambling, he felt the only way to make it a reality was through cryptocurrencies.
“When we came up with Up Only Gaming, we were confident it would work extremely well for crypto and sports fans,” he said. Decryption. “We bet the whole league on it.”
Each match has a fixed prize pool of Karate Tokens set by the Karate Combat Team. Through the Karate Combat app, users can bet on who they think will win. If they are correct, they win a karate token from the prize pool. If they are wrong, nothing happens. Because of this, it is not strictly gambling and allows you to circumvent regulations.
The reason the founders believed this would only work with cryptocurrencies is because they need a native asset to give away when people win. Cryptocurrency allows you to gradually dilute those who don't play, so over time the league becomes controlled by the most dedicated players and fighters.
Karate Combat has also effectively transformed into a legitimate DAO (decentralized autonomous organization), or community of decision makers.Token holders will vote on the rules of the match and any such proposals will be Higher engagement than most current DAOs.
Karate Combat has been getting more exposure lately as the crypto market recovers and more high-profile fighters enter the ring, but Onlylarping said: Decryption that it happened slow polishingHe said there was no point where he felt “lucky” or hit the jackpot. He attributes this turnaround to years of work backed by a clear vision.
“Of course, the market helps too,” he admitted.
Edited by Andrew Hayward
