GameOn Entertainment Technologies Inc. announced a partnership with Karate Combat. The deal will see GameOn launch a branded and playable Karate Combat NFT collection and fantasy game. 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 keep 80% of revenue generated by the NFTs and fantasy game. 10% of the revenue will flow to the league's fighters, while 10% will be distributed to the Karate Combat community. Karate Combat recently announced that it will become the first professional sports league to launch a DAO and transition governance to its fans and athletes.

Since debuting in 2018, the league has become one of the world's fastest growing sports franchises, with global distribution in more than 100 countries through partnerships with leading media properties including 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. As part of GameOn's broader initiative to expand within web3, GameOn expects to capitalize on all avenues of its partnerships which include: upfront setup fees, recurring monthly license fees, and revenue share from the initial mint and ongoing secondary sales of NFTs.

With partners like Chibi Dinos, Tetavi, RDB Car Club, Crypto Jets Club, and now Karate Combat, GameOn continues to leverage this tailwind with its growing portfolio of web3 customers.