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KARATE COMBAT ANNOUNCES UP, A NEW LAYER 2 BLOCKCHAIN AND CRYPTO-NATIVE LICENSING PLATFORM BUILT ON HEDERA

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The league also announces a 3-year strategic contract renewal with HBAR Foundation, maintaining its exclusivity as Karate Combat’s sole blockchain sponsor

GRAND CAYMAN, Cayman Islands, Oct. 11, 2024 /PRNewswire/ — Karate Combat, crypto‘s first sport and the world’s leading professional striking league, is launching UP, a Layer 2 blockchain and crypto-native software licensing platform built on Hedera, in Q1 2025. 

Karate Combat’s Up Only Gaming software stack allows $KARATE token holders to earn additional tokens, by accurately predicting Karate Combat fight outcomes. The platform has grown to 100,000  users in just over a  year. 

The software stack includes native iOS and android mobile apps, a web app and an on-chain backend. Today the league is announcing that it is licensing the software stack to any qualifying sports league, team, esport, fantasy sport, poker tournament, meme coin or gambling platform to use for free. 

Partners will be able to easily clone, customize and launch Karate Combat’s apps with zero licensing fee. Leagues and teams can launch or use their own tokens issued on any chain. Users can then access the Up Only Gaming software stack by wrapping and staking their tokens to UP on Hedera during play. 

Karate Combat will also share its 100,000 players with builders on UP through the league’s questing modules.

Further, partner organizations will have an opportunity to receive grants and incentives. UP plans to launch its own token, $UP, in 2025.  The $UP treasury will seed a grants program to incentivize early builders on the Up Only Gaming software stack. When the $UP token is launched, up to 30% of the tokens are expected to flow over time to $KARATE token stakers.

Alongside UP, Karate Combat will release H-Stack, an open source library for the rapid deployment of Layer 2 blockchains on Hedera. 10% of the total $UP token supply will be dedicated to incentivize HBAR liquidity pools, decentralized borrowing and lending on Hedera, and staking of HBAR and other Hedera tokens on UP.

Through a three-year renewal of its strategic relationship with The HBAR Foundation, the Foundation will remain the exclusive blockchain sponsor of Karate Combat. The HBAR Foundation fuels the development of the Hedera ecosystem by providing grants and other resources to developers, startups, and organizations that seek to launch decentralized applications in DeFi, NFTs, CBDCs, sustainability, gaming and other sectors. The renewal comes after three previous successful years of partnership since 2021.

Tonight at 7pm EST, Karate Combat will host KC 50, live at Permissioness III in Salt Lake City, Utah. As always Karate Combat’s events are broadcast for free, cross platform on Karate.com, YouTube, TikTok, X, Facebook and more.

“Karate Combat is already massively incentivized to spread its Up Only Gaming technology to other sports, esports, fantasy sports, crypto projects and more. UP is the enabling technology to not only allow us to provide all the tech for free, but to give grants and our user base to early partners,” said onlylarping, Karate Combat Co-Founder.

“We’re now in the last half of our third year partnering with Karate Combat, and it’s been incredible to see what they’ve accomplished. As the first professional sports league governed by a token, they’ve set the bar high and pushed the boundaries of what’s possible onchain. With a passionate global community, Karate Combat has become one of the most exciting and prominent consumer use cases in the space. We’re thrilled to continue supporting their game-changing impact on the sports world, bringing fans and athletes closer than ever through immersive experiences that are transforming fan engagement,” said David Cramer, COOat The HBAR Foundation.

About Karate Combat

Karate Combat is the world’s premier full-contact striking league, blending the excitement of full-contact bouts with immersive CGI environments powered by the Unreal Engine. Olympic medalists and national champions from around the world are just some of the multi-discipline athletes invited to compete in pursuit of the KC Championship belt. The league is broadcast to over 120 countries worldwide and concurrently streamed without a paywall on karate.com and other streaming services. Former UFC heavyweight champion and KC Chairman Bas Rutten hosts events alongside Georges St-Pierre, Lyoto Machida, Stephen “Wonderboy” Thompson, and “Big Mike” Majlak.

About The HBAR Foundation
The HBAR Foundation supports the creation of Web3 communities built on the Hedera network, by empowering and funding the builders developing these communities. The Foundation’s six funds – focused on the Crypto Economy, Metaverse, Sustainability, Fintech, Privacy, and Female Founders – each support communities within those areas, and the interconnectedness enables applications to participate as part of a larger ecosystem.

The collective power of these funds enables entrepreneurs, developers, and enterprises of all sizes to tackle some of the world’s largest problems and create and control their economies, all built on the Hedera public network. Whether you’re building something new or migrating an existing EVM-based application and community, the HBAR Foundation is here to support you. For more information, please visit https://hbarfoundation.org.

Press Contact:

Cynthia Luo, Media & Partnerships
Contact: cynthia.luo@karate.com

View original content:https://www.prnewswire.com/news-releases/karate-combat-announces-up-a-new-layer-2-blockchain-and-crypto-native-licensing-platform-built-on-hedera-302274119.html

SOURCE Karate Combat

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Singapore’s Sodion Energy Secures MWh Supply of US Developed Advanced Sodium-Ion Batteries from UNIGRID

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January 12, 2025

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SINGAPORE, Jan. 13, 2025 /PRNewswire/ — Sodion Energy, a leading provider of sodium-ion batteries for e-mobility and integrated energy storage solutions in Southeast Asia, has secured a landmark agreement for an initial 10 MWh supply of advanced sodium-ion batteries developed by UNIGRID Inc., a California-based innovator in sodium-ion battery technology.

This collaboration strengthens Sodion Energy’s ability to address the region’s rising demand for affordable, eco-friendly, and high-performance battery solutions across mobility and energy storage sectors.

“Our collaboration with UNIGRID is a game-changer,” said Dr. CC Hang, Chairman of Sodion Energy. “These next-generation sodium-ion batteries will allow us to tackle key markets, starting with lead-acid battery replacements in e-mobility and extending into large-scale renewable energy projects and grid stabilization initiatives.”

Sodium-ion batteries offer distinct advantages, including cost-efficiency, enhanced safety, and the use of abundant raw materials, making them a sustainable choice for energy storage. With fast-charging capabilities and intrinsic non-flammability, they are exceptionally suited to Southeast Asia’s tropical climate and rapidly growing energy needs.

With a strategic focus on advanced battery technologies, Sodion Energy is poised to play a key role in driving Southeast Asia’s transition to cleaner, safer, and more sustainable energy solutions.

Website: https://sodione.com

Follow us on LinkedIn: Sodion Energy

About Sodion Energy

Headquartered in Singapore, Sodion Energy is an applications engineering leader driving the commercialization of Sodium-ion batteries across Southeast Asia. SE’s sodium-ion pack solutions are tailored to meet the diverse needs of industries such as mobility and energy storage, contributing to a more sustainable future.

View original content:https://www.prnewswire.com/apac/news-releases/singapores-sodion-energy-secures-mwh-supply-of-us-developed-advanced-sodium-ion-batteries-from-unigrid-302347661.html

SOURCE UNIGRID and Sodion Energy Pte. Ltd

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AirCheck Australia & New Zealand Renamed as RCS MEDIA MONITORS

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January 12, 2025

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SYDNEY, Jan. 13, 2025 /PRNewswire/ — AirCheck, a leading provider of broadcast monitoring services in Australia and New Zealand is pleased to announce its renaming as RCS MEDIA MONITORS, effective immediately.

AirCheck monitors songs and commercials providing almost real time reporting tools for radio and television broadcasters, music media, record companies, advertising agencies and industry analysts.

This change reflects the company’s growth, expanded service offerings, and a strengthened focus on providing comprehensive media intelligence.

The new name, RCS MEDIA MONITORS, builds on the expertise of its parent company, RCS, to offer enhanced monitoring solutions. By integrating RCS’s global technology and resources, the company will provide clients with a broader range of tools for tracking and analysing media campaigns across a variety of platforms and markets.

“We’re excited to take this step forward,” said Philippe Generali, President and CEO of RCS Global. “The rebranding to RCS MEDIA MONITORS allows us to expand our reach and improve our services, giving clients access to deeper insights and a wider array of media monitoring tools. With RCS’s support, we can offer more robust data and solutions that cover not just broadcast, but also digital and emerging media channels.”

The name change signals the company’s commitment to evolving with the changing media landscape. With RCS MEDIA MONITORS, clients can expect the same reliable monitoring services they’ve trusted for over 20 years in Australia and 15 years in NZ.

www.rcsmediamonitors.com.au

About RCS MEDIA MONITORS

RCS MEDIA MONITORS (formerly AirCheck) is a leading provider of broadcast monitoring and media intelligence solutions in Australia, New Zealand and India. The company helps clients across industries optimise media strategies, measure performance, and gain insights from a wide range of traditional and digital media. RCS MEDIA MONITORS is part of RCS, a global leader in broadcast automation and media technology.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/aircheck-australia–new-zealand-renamed-as-rcs-media-monitors-302347810.html

SOURCE RCS MEDIA MONITORS

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iM Global Partner mourns the passing of Philippe Uzan

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January 12, 2025

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PARIS, Jan. 13, 2025 /PRNewswire/ — It is with deep sadness that iM Global Partner (iMGP) announces the passing, one month ago, of our dear friend and colleague, Philippe Uzan.

 

 

Philippe’s exceptional career in asset management spanned more than 30 years and is marked by remarkable achievements in the organizations for which he worked and deep contributions to the industry as a whole. His passing is a tremendous loss to all who knew and worked with him.

Philippe joined iM Global Partner in February 2020 as Deputy CEO and CIO Global Asset Management, responsible for overseeing our financial strategies and products and designing value-added investment solutions for our clients across Europe and the United States.

His expertise spanned all asset classes, and he had a deep understanding of markets and their impact on investors and their investment needs. He was an eloquent man who contributed a number of papers and articles to the media, always with the intention of educating and making financial concepts more relatable. He has left an indelible mark on our organization and on the broader industry.

Prior to joining iM Global Partner, Philippe was latterly Chief Investment Officer at Edmond De Rothschild Asset Management, where he worked for 11 years and where he led the portfolio management teams, optimizing the synergies between analysis and portfolio management. He previously spent three years as Research and Global Asset Allocation Director, where he developed the portfolio management and research teams and modernized investment processes and the product range.

Philippe began his career as an Equity Derivatives Trader at Société Générale and held roles at AGF Asset Management (now part of Allianz Global Investors) and Natixis AM.

Throughout his career, Philippe’s outstanding intelligence, humility, and collaborative spirit earned him the respect and admiration of his peers.

Philippe Couvrecelle, Founder and CEO of iM Global Partner, expressed his heartfelt condolences: “It was with infinite sadness and pain that I learned of Philippe’s passing from a devastating illness. I had known Philippe closely for almost 20 years, as we worked together for Natixis, Edmond de Rothschild and iMGP. I pay immense tribute to his humanity, his sense of humor, his brilliant intelligence and his presence, which I will deeply miss. We had shared so much and still had so much to do together. In his memory, we will continue our path forward with strength, success and intensity, always preserving our values and our company culture to which he was so attached.

We will all miss Philippe enormously at iM Global Partner. He will be remembered not only for his professional achievements but also for his warmth, generosity, kindness and his unwavering dedication to his colleagues and community. Our thoughts are with his wife and three children, his family, friends and loved ones during this difficult time.”

CONTACT: media@imgp.com

 

 

SOURCE iM Global Partner

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