The esports engagement platform Yesports has announced the closing of its successful funding round, bringing in $2.25 million to get its platform launched. Among its range of investors are the likes of Polygon Studios, Alphabit, Cosmos, Kernel Ventures, Mozaik Capital and NGC Ventures.
According to an announcement from the team, the new funding will be aimed at the development and launch of its own esports metaverse, complete with a dedicated NFT marketplace.
The world of eSports has lent itself strongly to the application of blockchain technology, with many former sportsmen delving into the world as a means of cultivating greater engagement between athletes, teams and their fans.
“Web3 and the emerging metaverse allow for much greater fan participation, engagement, and ownership,” Yesports CEO & Founder Sebastian Quinn shared his thoughts on the potential of the metaverse, with the company eagerly leveraging both through Yesports.
“Yesports is the Web3 upgrade the esports sector has been waiting for and will serve as a portal for esports fans to participate in this new paradigm. We can’t wait to get building with teams all over the world.”