Yesports raises $3.8 Million for Staff and W3EP Expansion
Yesports successfully raised $3.8 million in a strategic funding round. Spartan Capital led the funding round, which adds to the DEX offering that Yesports had before.
In addition to Spartan, investors Tess Capital, NGC Ventures, Jsquare, Rising Capital, and BR Capital participated in the same funding round.
Yesports Aims for Further Development
With the new investment, Yesports has plans to further build and expand on its Web3 Engagement Platform (W3EP). The purpose of this expansion is to increase the number of ways esports fans can interact with esports teams. The investment will go into enhancing the community experience.
Moreover, the funds will also go into hiring new people for specific jobs. Plus, Yesports will develop new initiatives to add to the platform’s technical infrastructure and esports partnerships.
Yesports CEO and founder Sebastian Quinn say, “This latest funding round provides us with an opportunity to build out the platform tech and further expand our reach. Continued support by leading investors demonstrates a high conviction in the future for bridging the 500m+ esports fans into the Web3 world — and we’re here to bring this vision to fruition.”
The First Yesports Product is Already Launched
Yesports has already launched its first product within the context of its W3EP program. It's a B2B platform-as-a-service (PaaS) customizable NFT membership platform. The purpose of this platform is to help users create membership systems for specific communities and fandoms. The platforms can base these memberships on unique and specific perks and experiences for the community.
Yesports works in the domain of creating interactions between teams and fans. As a community-first platform, Yesports brings the right technology to the users within the context of Web3 technology. The interactions are powered by the Web3 Engagement Platform (W3EP). It allows users to engage with the fandoms and increase utility with different products. These are team NFTs, eSports NFTs marketplaces, and Curated metaverse experiences. Yesports currently manages more than 500 million eSports fans allowing them to interact with their favorite sports.