Karate Combat Completes $18M Financing, Eyes Expansion in XR Live Streaming

On April 19th, the Web3 XR combat live streaming platform Karate Combat announced the completion of a $18 million financing, led by Bitkraft Ventures, with Delphi Digital, The Operating Group, Alpha Wave Global, Hashkey, Lattice, M13, Santiago Santos, RooxieXBT and others participating in this round of financing.

Web3 XR fighting live streaming platform Karate Combat completed $18 million in financing

Karate Combat, the leading online platform for live martial arts competition, has announced the completion of an $18 million financing round to fuel its expansion into the world of extended reality (XR). The investment was led by Bitkraft Ventures and saw participation from Delphi Digital, The Operating Group, Alpha Wave Global, Hashkey, Lattice, M13, Santiago Santos, RooxieXBT, and other prominent investors.

The Rise of XR Live Streaming

Live streaming of sports and other events has been growing in popularity for years, and the COVID-19 pandemic has only accelerated this trend. As people have been unable to attend live events in person, they have turned to online streaming to watch live sports, concerts, and other entertainment.
XR live streaming takes things to the next level, offering an immersive experience that puts viewers right in the middle of the action. With XR technology, viewers can feel like they are actually in the arena, seeing the action from multiple angles and even interacting with the athletes and other fans.

Karate Combat’s XR Expansion

Karate Combat has been at the forefront of the XR live streaming trend since its inception, offering fans an unparalleled viewing experience for martial arts competitions. With the completion of its $18 million financing round, the company is poised to take its XR offerings to the next level.
The funds raised will be used to develop new XR technologies and to expand the company’s offerings into other areas of combat sports. This includes the creation of new leagues and the acquisition of additional rights to broadcast live events.
Karate Combat CEO Michael DePietro said in a statement that the company is “working hard to bring our unique brand of martial arts to more fans around the world, and this financing round will help us do just that. We’re excited to continue to innovate and to find new ways to engage our viewers through XR technology.”

The Future of XR Live Streaming

The future of XR live streaming is bright, with analysts predicting strong growth in the coming years. As the technology continues to improve and become more affordable, we can expect to see more and more sports and other events being broadcast in XR.
Karate Combat is well-positioned to take advantage of this trend, thanks to its early adoption of XR technology and its focus on creating a highly-immersive viewing experience for its fans. With its $18 million financing round complete, the company is poised for even greater success in the years ahead.

Conclusion

Karate Combat’s $18 million financing round is a major milestone for the company and for the future of XR live streaming. As the technology improves and becomes more affordable, we can expect to see more and more sports and other events being broadcast in XR, offering an immersive viewing experience that puts fans right in the middle of the action.
With the support of Bitkraft Ventures and other prominent investors, Karate Combat is well-positioned to lead the way in this exciting new field, offering fans a unique and unforgettable viewing experience.

FAQs

1. What is XR technology?
XR (extended reality) technology refers to any technology that enhances or replaces reality with a computer-generated environment or simulation. This can include virtual reality (VR), augmented reality (AR), and mixed reality (MR).
2. What is Karate Combat?
Karate Combat is a leading online platform for live martial arts competitions. The company uses XR technology to offer viewers an immersive viewing experience that puts them right in the middle of the action.
3. Who participated in the $18 million financing round for Karate Combat?
The round was led by Bitkraft Ventures and saw participation from Delphi Digital, The Operating Group, Alpha Wave Global, Hashkey, Lattice, M13, Santiago Santos, RooxieXBT, and other prominent investors.