[Karate Combat plans to launch Layer2 network UP and token UP built on Hedera next year] On October 11, the karate league brand Karate Combat will launch the Hedera Layer2 network called UP in the first quarter of 2025. Karate Combat will enable the league to license its "Up Only Gaming" technology stack to other sports, leagues and projects, and even Meme coins. Karate Combat co-founder said that there are currently 20 to 30 projects that will be launched on the company's upcoming Layer 2 network. UP plans to launch a token next year, part of whose total supply will be allocated to a grant program designed to help early builders of the network. In addition, 30% of the total supply of UP tokens will be allocated back to the wallets of KARATE token holders. How it will work remains to be determined.