Esports organization M80 completes $3 million seed round financing to explore Web3 product development.

According to BlockBeats news on June 1st, esports organization M80 announced the completion of a $3 million seed round of financing, led by ExpertDojo with participation from VT Technology Ventures and Practical Venture Capital. This funding will be used to explore Web3 products and increase M80's influence in esports competitions, content creation, and consumer products. M80, which has only been established for 6 months, currently has a professional esports team covering competitive games such as Valorant, Rocket League, Rainbow Six: Siege, and Street Fighter. M80 is exploring DAO and using cryptocurrency for collective voting.