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. Karate Combat will be the first sports league to form a DAO 🚀 We're going to trust you all to help us run the league – lets see how this goes Get your $Karate tokens for free by signing up at https://t.co/70ZKOdRiFL #LFG #KarateCombatDAO pic.twitter.com/E8k0lG3irh — Karate Combat (@KarateCombat) September 28, 2022 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 ...
