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Team DAO Raises $5M in Series A Round Led by Krust Universe, Animoca Brands

Team DAO — Tokenized Esports Asset Management — is the metaverse’s first “guild 3.0,” announced it has raised $5 million in a Series A funding round co-led by Krust Universe and Animoca Brands, with participation from Great South Gate, Shima Capital, Anti Fund, Algorand, GSR Capital, NGC Ventures, Libra Ventures, Nexo Capital, EX Capital, Coinhako, Octava and others.

The funds were raised at a $48.88-million valuation to help Team DAO’s mission of letting retail investors participate in numerous metaverse- and cryptocurrency-based gaming projects for new opportunities.

Team DAO is a decentralized, next-generation crypto gaming guild 3.0 offering for aspiring players and asset managers to engage with the new Web3 economy.

Krust Universe is an investment arm of South Korean tech giant Kakao and incubates innovative startups building the next generation of groundbreaking technological applications.

Animoca Brands is a global leader in gamification and the blockchain, with a large portfolio consisting of more than 170 investments in nonfungible token (NFT) related projects.

A spokersperson for Team 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 wTEAM [token] yields retail and institutional investors an immersive experience in numerous metaverses and game projects powered by our proprietary database and middleware infrastructure, empowering organizations to scale quickly and capture 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 professional esports athletes — and may now satiate their cravings with Team DAO’s gaming culture-defining ecosystem.”

A representative of Krust said:

“Krust Universe is incredibly excited to partner with Team DAO. We believe that Team DAO’s technology will be the cornerstone infrastructure for scaling the Web3 economy and bringing onboard the first billion users into the metaverse.”

Yat Siu, executive chairman and co-founder of Animoca Brands, said:

“Team 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 wTEAM tokens along with the Team DAO decentralized marketplace serves that purpose.”

Team DAO is a decentralized guild that acts as a:

  • Fantasy esports NFT league for retail users to participate in GameFi action
  • Guild finance, tech-enabled infrastructure for institutions and guilds to scale and participate actively in games
  • GameFi growth driver for game studios through fostering content engagement, building gameplay tutorials and accelerating retail adoption.

About Team DAO

Team DAO is a next-generation, tech-enabled guild 3.0. Team is a platform for aspiring players, metaverse believers and asset managers to engage deeply with the new Web3 economy.

The platform solves major problems present in other gaming guilds. 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 easy rotation between games and the trading of scholars, boosting flexibility.

 

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Author: iGaming Team