T.E.A.M DAO raises Series A round led by Krust Universe and Animoca Brands.
April — SINGAPORE: T.E.A.M DAO (TEAM), the metaverse’s first Guild 3.0, announced today that it has raised US$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.
TEAM (Tokenized Esports Asset Management) is a next-generation tech-enabled crypto gaming guild 3.0 that offers aspiring players and asset managers a platform to deeply engage in the new Web3 economy.
The new funding announced today will be used to further develop TEAM’s technology infrastructure, expand the team, and rapidly grow its player base.
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 faster 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:
- Fantasy esports NFT league for retail users to get a piece of GameFi action
- GuildFi tech-enabled infrastructure for institutions and guilds to scale and participate actively in games
- GameFi growth driver for game studios through content engagement, building gameplay tutorials, and accelerator of retail adoption
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.
Media contact: email@teamdao.com
Linktree: linktr.ee/TEAMDAO
