Robert Bryan reveals web3 game Karate Combat $18M raise from Bitkraft Ventures & Delphi Digital:
The Karate Combat League has apparently already onboarded more than 4.5 million gamers worldwide in over 100 countries (at the time of reporting). They are building a mixed reality live sports league with web3 features.
The latest funding round was led by Bitkraft Ventures with participation from Delphi Digital, The Operating Group, Alpha Wave Global, Hashkey, Lattice, M13, Santiago Santos, and RooxieXBT.
Powered by Epic Games’ Unreal Engine. The capital will be used to “accelerate the development of the platform ahead of the May 10th, 2023 launch of the Karate Combat app”. The company will also be launching the League’s utility token $KARATE, which fans can earn through the app and by watching matches.
Carlos Pereira, a partner at Bitkraft Ventures, stated in a press release:
“Sports league value largely emerges from the quality of the competition, and the passion and loyalty of the fan base. Karate Combat is leveraging its Web3 tools and ethos to shift how fans engage with their favorite sports by building direct relationships, aligning incentives, and enabling influence over every aspect of the league.” 
