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.”

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