The deal will see
Karate Combat recently announced that it will become the first professional sports league to launch a DAO and transition governance to its fans and athletes. Since debuting in 2018, the league has become one of the world's fastest growing sports franchises, with global distribution in more than 100 countries through partnerships with leading media properties including
The league's August event, 'Karate Combat 35,' saw approximately 6.6 million livestreams using the 'C3' metric, while also exceeding 143 million digital video views overall for the month, both records for Karate Combat. The league has built a social media community of over 3.6 million fans.
'Today's announcement changes the game for web3 and fantasy sports,' said
'The Web3 industry has embraced new IP licensing models that leverage the creative forces of permissionless innovation and community to accelerate growth,' said
As part of
Contact:
Email: matt@gameon.app
ABOUT
ABOUT KARATE COMBAT
Karate Combat is the world's premier striking league and the first sports league to be structured as a DAO. The league is also the only global leader to blend live-action sports with immersive CGI environments powered by the Epic Games Unreal gaming engine. World champions and olympic medalists from around the world compete in eight different weight divisions in pursuit of Karate Combat World Championship belts and will participate in token-based governance. Karate Combat is owned by the
FORWARD-LOOKING INFORMATION
This news release contains 'forward-looking information' and 'forward-looking statements' (collectively, 'forward-looking information') within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words 'believes,' 'may,' 'plans,' 'will,' 'anticipates,' 'intends,' 'could,' 'estimates,' 'expects,' 'forecasts,' 'projects' and similar expressions, and the negative of such expressions. All statements other than statements of historical facts contained in this news release are forward looking statements. Forward-looking information in this news release includes, without limitation, statements regarding the future plans and objectives of the Company, execution of business strategy, future performance and future growth, business prospects, synergies and opportunities of the Company and its related subsidiaries, and other factors beyond the Company's control.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances at the date such statements are made, including, but not limited to the Company being able to capitalize on the acquired assets, the ability of acquired assets to maintain its value as presently contemplated, the synergies of the acquired assets with the Company's operations, and such other assumptions presented in the Company's disclosure record. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information herein is qualified in its entirety by this cautionary statement, and
(C) 2022 Electronic News Publishing, source