Why Karate Fight Risking Everything on Crypto

Karate Fighting Professional fighters, former UFC champions and crypto influencers face off in fast-paced battles with minimal rules—over 40,000 users bet on who will win.

The league has been holding fights since 2018, but has gradually gained more attention over the past year, all thanks to the most recent fight – the crowded influencer Ben “Beatboy” Armstrong facing meme coin founder Harry Potter ObamaSonic10Inu with extra light. .

By using no-loss gambling, or what they call “Up Only Gaming,” Karate Fight founders think they've found a way to overcome the high up-front costs often associated with starting a sports league. The founders ultimately believe that their demographics are not interested in sports unless they play against them.

By integrating crypto, they've found a way to build a loyal and engaged fan base at a fraction of the cost seen in traditional sports leagues – applying the same mechanics as defy product farming.

While many startups face the problem of cold start or getting your first customers and becoming profitable, DeFi farms always overcome this by using incentives. Up Only Gaming basically takes the farming mechanic and applies it to traditional trading.

Karate Fight was originally a regular fighting league without any crypto integrations. Founders Robert Bryan and eponymous OnlineLeaping took over the league in 2018 with the goal of creating a sport for the next generation.

They started out with rules similar to the UFC, but without the hassle. This meant that any time the fighters fell to the floor and started to fight, a referee stepped in to bring the fighters back to their feet. This leads to more fast-paced battles than usual.

Karate fights are held in a variety of unique locations, from old prisons to the house of the company president's mother. OnlineLiping told Decrypt that they try their best to make every match look like a real-life version of Mortal Kombat. Each event will be streamed for free Karate fighting website, and the founders are committed to never paying a fee. The league generates revenue through sponsorships and host city fees.

After coming up with the idea of ​​Up Only Gaming, they decided to integrate crypto. Since 2014, OnlineLiping has been in the cryptocurrency ecosystem, and after developing the concept of zero-loss gambling, he felt that cryptocurrency was the only way to make this a reality.

“When we came up with the app online gaming, we were sure it would work well for our crypto and sports fans,” he said. Decrypt. We risked the entire league on him.

Each match has a fixed prize pool in KARATE tokens provided by the Karate Fighting Team. With the karate fighting app, users can place bets on whether they will win. If you are correct, you will get KARATE tokens from the prize pool. If you make a mistake – well, nothing happens. Because of this, it is not technically gambling and you can get around the rules.

The reason the founders believe this only works in crypto is because people need local assets to give away when they win. In crypto, you can gradually fade out non-players, so that over time the league will be dominated by the most engaged players and fighters.

Karate fighting has also effectively evolved into a legal DAO, or decentralized autonomous organization – a community of decision makers. Token holders vote on affiliate rules, and have such ideas More participation than many DAOs today.

Karate fighting has seen more exposure recently as crypto markets recover and popular fighters enter the ring, OnlineLiping said. Decrypt It was. Grind slowly, and that there were no points where he felt he “got lucky” or hit big. He mentions that years of work have added up behind a clear vision.

“Of course the market helps too,” he admits.

Edited by Andrew Hayward.