The Contango Podcast
This is the Contango Podcast, where we take you behind the scenes as we identify, diligence and discuss private investment opportunities at the bleeding edge of web3. We interview the founders, investors and researchers that are driving the industry forward. The podcast is hosted by Mike Grantis, co-Founder and Managing Director at Contango Digital Assets, a forward looking venture firm focused on building and investing in innovative companies that make web3 globally accessible.
The Contango Podcast
#1 | Karate Combat: The Worlds First DAO-Run Sports League
Follow Contango on Twitter: https://twitter.com/contangodigital
Follow Karate Combat on Twitter: https://twitter.com/KarateCombat
Karate Combat is an up and coming hand-to-hand combat competitor to the UFC. It's based on a combination of stand up, fast paced, striking focused martial arts and is growing like wildfire across social media and in over 100 countries around the globe. Recently, the founders of the league opened a decentralized organization and transferred all league IP and ownership to the DAO by becoming the first ever sports league to be wholly owned and operated by a DAO. They're giving their fans the opportunity to play a non-trivial role in the growth and decision making process of the league. This is one of the most interesting deals I've looked at in my time at Contango, mainly because of the intrinsic connection it has to the real world. Karate Combat is a pioneer of true, decentralized ownership in sports. They are a master class in fan engagement and fan incentivization on full display, and if executed correctly, they will have every other major sports league on notice. Karate Combat just finished their seed round financing for the DAO and will be using the capital to add to the DAO balance sheet and to continue to grow their reach and influence of the league. So with that in mind, here is my conversation with Karate Combat.