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Karate Combat, a well-known full-contact martial arts league, declared its choice to create a decentralized autonomous organization (DAO) to hand over control to participants and fans. The sports league informed through a tweet on August 28 that Karate Combat would announce the biggest giveaway in the history of sports on September 28.
Karate Combat DAO's Debut
The DAO for Karate Combat will debut in December 2022 as part of a three-year sponsorship agreement with Hedera's HBAR Foundation. The league's budget, resource allocation, supplier choice, marketing plan, and rule amendments are just a few of the decisions that Karate Combat's internal governance token holders can vote on. https://twitter.com/KarateCombat/status/1575093007598198784?s=20&t=FHjHm3ZlMl6Jq59OCktGvA Additionally, depending on specified bounds of power, the DAO will allow fans to vote on choices about athletes, such as fighter contracts and fight pairings. Karate Combat intends to offer the community free access to 50% of its internal tokens, which they can use to participate in the DAO and a gaming application.
Worldwide Participation Is Expected
As the league airs on popular internet networks like CBS Sports, Eurosport, YouTube, and TikTok in more than 100 nations, participation in Karate Combat's DAO is anticipated to be worldwide. The president of Karate Combat, Adam Kovacs, emphasized the need for growing fan interaction,
"The sporting world must evolve to increase engagement with a new generation of fans who have grown up on social media and digital gaming. They expect to be active participants in the action rather than passive viewers."
Fanbase Over 3.5 Million People
Karate Combat claims that the league has an internet fanbase of more than 3.5 million people who might potentially influence decisions in the future. The co-founder and CEO of the HBAR Foundation, Shayne Higdon, believes that the impending DAO will draw more users to the Hedera Network and provide concrete, real-world benefits for end-users.