T.E.A.M DAO (TEAM), the metaverse’s first Guild 3.0, announced today that it has raised $5 million in a Series A round of funding co-led by Krust Universe and Animoca Brands, with participation from Great South Gate, Shima Capital, Anti Fund, Algorand, GSR, NGC Ventures, Libra Ventures, Nexo Capital, EX Capital, CoinHako, Octava, and others.
The funds were raised at a $48.88 million valuation and are set to help in T.E.A.M DAO’s mission of enabling everyday investors to participate in the numerous metaverse and cryptocurrency-based gaming projects creating new investing opportunities.
TEAM (Tokenized Esports Asset Management) is a decentralized, next-generation tech-enabled crypto gaming guild 3.0 offering aspiring players and asset managers a platform to deeply engage in the new Web3 economy.
Krust Universe is an investment arm of South Korean tech giant Kakao. Krust Universe incubates innovative startups building the next generation of groundbreaking technological applications, enabling their growth and expansion.
Animoca Brands is a global leader in gamification and blockchain with a large portfolio consisting of over 170 investments in NFT-related projects.
The Supreme Leader of T.E.A.M DAO commented: “The $TEAM token’s upcoming public sale propels our vision of catapulting crypto adoption into everyone’s daily life by leveraging GameFi’s engaging platform. The wTEAMs yield retail and institutional investors an immersive experience in numerous metaverse and game projects powered by our proprietary database & middleware infrastructure, empowering organizations to scale quickly and capture alpha in this newfound asset class. Noobs, amateurs, and midtier gamers have long desired enterprise-grade service, benefits, shared rewards, and fulfillment, which prior was only available to Pro Esports Athletes, may now satiate their craving from T.E.A.M DAO’s gaming culture-defining ecosystem.”
A spokesperson from Krust said, “Krust Universe is incredibly excited to partner with T.E.A.M DAO. We believe that TEAM’s technology will be the cornerstone infrastructure for scaling the Web3 economy and bringing onboard the first billion users into the metaverse.”
Yat Siu, the executive chairman and co-founder of Animoca Brands, commented: “T.E.A.M DAO’s innovative technology can democratize access to opportunities in the GameFi space that would otherwise be priced beyond the reach of millions of individuals. Making access to financial services easier is at the heart of the cryptocurrency movement – and wTEAMs along with the T.E.A.M DAO decentralized marketplace serve that purpose.”
TEAM is a Decentralized Guild that acts as a:
About T.E.A.M DAO
T.E.A.M DAO is a next-generation tech-enabled Guild 3.0. TEAM (Tokenized Esports Asset Management) is a platform for aspiring players, metaverse believers, and asset managers to deeply engage in the new web3 economy.
T.E.A.M DAO solves three major problems in gaming guilds as it uses community-driven player acquisition and infrastructure technology for sustainable growth while ensuring quality through careful asset curation and gamified training to ensure a high standard for scholars and treasury values. It also allows for the easy rotation between games and tradability of scholars, boosting flexibility.
Learn more at:
Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity
Did you like the news you just read? Please leave a feedback to help us serve you better
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
Macro guru and Real Vision CEO Raoul Pal shone the spotlight on a rising layer-1…
As the technology landscape transforms at lightning speed, AI Companions has positioned itself as a…
Did you know that 85% of DeFi value is concentrated in six blockchains? DeFi is…
CLAPART - a groundbreaking RWA platform has launched its much-anticipated $CLP token IDO on Gempad…
Join us at BFC 2024 to explore the future of Web3. Use a special discount…
Catch all the updates with Altcoin Observer, official media partner of WebX Asia 2024. Gear…