T.E.A.M DAO Raises $5 Million Series A Round Led by Krust Universe and Animoca Brands
May 3, 2022 – Singapore, Singapore
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 $48.9 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.
T.E.A.M (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 Web 3.0 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 said,
“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 and middleware infrastructure, empowering organizations to scale quickly and capture alpha in this newfound asset class.
“Noobs, amateurs and mid-tier 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 Web 3.0 economy and bringing onboard the first billion users into the metaverse.”
Yat Siu, the executive chairman and co-founder of Animoca Brands, said,
“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.”
T.E.A.M is a decentralized guild that acts as a:
- Fantasy esports NFT league for retail users to participate in the 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. T.E.A.M (Tokenized Esports Asset Management) is a platform for aspiring players, metaverse believers and asset managers to deeply engage in the new Web 3.0 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.
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Author: ChainWire
