GameOn Teams Up with Karate Combat

GameOn Entertainment Technologies, a game technology company that launches, operates and monetizes Web3 games, has partnered with Karate Combat, a full-contact striking league, for a branded and playable Karate Combat NFT collection and fantasy game.  

In the upcoming collaboration, fans will be able to buy fighter NFTs, craft a lineup they have ownership in and win exclusive prizes like pit-side VIP tickets and $KARATE tokens. Per the terms of Karate Combat’s new licensing model, GameOn will retain 80% of revenue generated by the NFTs and fantasy game; 10% of the revenue will flow to the league’s fighters, and 10% will be distributed to the Karate Combat community. 

Karate Combat recently announced it will become the first professional sports league to launch a decentralized autonomous organization (DAO) and transition governance to its fans and athletes. Since debuting in 2018, the league has global distribution in more than 100 countries through partnerships with CBS Sports, Globo, Eurosport, BeIN Sports and ESPN Deportes. Karate Combat events are simultaneously streamed for free to fans on Facebook, YouTube, Twitter and TikTok. 

“Today’s announcement changes the game for Web3 and fantasy sports,” says Matt Bailey, chief executive officer, GameOn. “GameOn will launch, manage and monetize the full stack of this product, from the NFT mint to the fantasy gameplay. We’re ready to flex our platform’s Web3 muscles and show the world our most ambitious product yet.” 

“The Web3 industry has embraced new IP licensing models that leverage the creative forces  of permissionless innovation and community to accelerate growth,” says Robert Bryan, founder, Karate Combat. “Karate Combat recently announced that it is granting its community the right to use its IP in the categories of NFTs and video games. We couldn’t be more thrilled to launch the pilot program that empowers builders like GameOn from day zero.”