Web3 project Karate Combat launches new L2 on Hedera

Karate Fight, a web3 skilled strike league, is about to launch its layer-2 blockchain community on Hedera.
In an announcement on Oct. 11, the Karate Fight crew revealed that its new layer-2 platform, UP, will go dwell on Hedera (HBAR) within the first quarter of 2025.
Forward of this, the Karate Fight crew has licensed its software program stack to permit sports activities leagues, groups, esports, fantasy sports activities, meme cash, or playing platforms to transition to web3 through the UP layer-2 community.
Karate Fight’s “Up Solely Gaming,” which has greater than 100,000 lively gamers, permits holders of the native token KARATE to earn further tokens once they precisely predict the end result of fights on the platform.
UP token to launch in 2025
UP will permit companion platforms to make use of the software program stack to construct reproduction cellular apps that they will customise. Karate Fight will even provide grants and incentives to its companion organizations when the layer-2 token UP launches in 2025.
Early builders will even be incentivized, with plans for as much as 30% of the UP tokens to go to KARATE stakers.
In the meantime, 10% of the tokens shall be allotted to an incentive program focused at HBAR. These tokens shall be positioned into liquidity swimming pools, Hedera-based decentralized borrowing and lending protocols, and staking.
The HBAR Basis, the entity centered on growing Hedera, has a strategic partnership with Karate Fight, making the Basis the unique blockchain sponsor for KC.
“We’re now within the final half of our third yr partnering with Karate Fight, and it’s been unbelievable to see what they’ve achieved. As the primary skilled sports activities league ruled by a token, they’ve set the bar excessive and pushed the boundaries of what’s attainable onchain.”
David Cramer, chief working officer, The HBAR Basis.