, fighting organization Karate Combat announced that it will launch the Hedera-based Layer2 network "UP" in the first quarter of 2025 to license its "Up Only Gaming" technology to other sports and projects. The crypto-powered application allows users to stake KARATE tokens to participate in fighting competitions, and the UP network will host similar applications.

Karate Combat co-founder Onlylarping revealed that about 20 projects plan to join the network. UP tokens will be issued in 2025, with 30% of the supply allocated to KARATE token holders. (Decrypt) #SEC