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Yesports closes $2.25m funding round to launch esports metaverse platform

Yesports closes $2.25m funding round to launch esports metaverse platform

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The US-based esports engagement platform Yesports has raised $2.25m during its recent round of seed funding, stating that these funds will help finance the development of its NFT-based esports marketplace and esports-focused metaverse.

The Yesports metaverse is reported to represent the first cross-chain Metaverse Engagement Platform (MEP) and is designed to enable half a billion esports fans to engage with their favourite teams in custom-built metaverse experiences. Current investors include Polygon Studios, Alphabit, Cosmos, Kernel Ventures, Mozaik Capital and NGC Ventures. 

Sebastian Quinn, CEO and Founder of Yesports, spoke on the announcement: “Web3 and the emerging metaverse allow for much greater fan participation, engagement, and ownership. 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.”

Steven Bryson-Haynes, VP of Business Development, NFT & Gaming at Polygon Studios, added: “The team at Yesports are building something extremely valuable to the rapidly developing Web3 landscape. The esports sector’s fan base and viewing figures are expanding all the time and Yesports will galvanize this by enabling an outlet for fan engagement. We are really excited to be part of this round and look forward to supporting the project in the months to come.”