- BELOBABA becomes lead investor after the club was tokenized last March in a security token funding round
- The agreement was presented this Friday at the Ubeat Live festival, which served to detail the new strategic alliance of Team Queso in its commitment to GameFi
- This joint venture opens up a range of collaboration opportunities between the two organizations through the creation of new lines of business.
Team Queso, a leading esports club in mobile gaming, takes a step forward in its business strategy by integrating BELOBABA, the first investment fund in the tokenized video game industry and member of the Blockchain Game Alliance (BGA ), as lead investor, with a contribution of €1 million.
Beyond financial investment, BELOBABA will bring its proven expertise in the field of decentralized finance as the first regulated security token hedge fund (KHAN). In March this year, the esports club opened a funding round through the issuance of security tokens that gave investors the right to participate in the venture. In part, the sale of these aims to acquire 20% of the capital of the club.
BELOBABA and Team Queso’s Blockchain Division, TQ Olympo, have revealed details of their strategic alliance that will pave the way for the tokenization of esports, making it easier for investors and fans to access Blockchain Gaming; and it will also be a definitive step in the tokenization of the club, a benchmark in mobile gaming and in its commitment to GameFi.
All this within the framework of the opening day of the esports, freestyle and urban art festival Ubeat Live, which took place this Friday, July 1 at the Fira de Barcelona and will continue until Sunday, July 3. This event brings together the main sports clubs of the scene and presents itself as a benchmark event for Gen Zers.
The co-founder and CEO of Team Queso, Álvaro González de Buitrago, explained during the presentation that the agreement reached with BELOBABA is “a fundamental strategic step in the trajectory of the club. To be supported by the first crypto fund regulated as that leading investor consolidates the project that we started a few months ago with the tokenization of the club and, on the other hand, makes us see that we are going in the right direction. We want to revolutionize the esports sector with this step forward and having BELOBABA as a partner is the best guarantee of success”.
“Being able to invest in a flagship project with TQ Olympo is excellent news for the growth of BELOBABA. This strategic alliance will reaffirm the company’s position as a reference investment fund in the tokenized video game sector and their integration. in esports, which are key for the mass adoption of cryptocurrencies,” said company founder and president Lluís Mas.
A pioneering agreement in the esports sector
With this agreement, BELOBABA will participate directly in the affairs of Team Queso which, according to BELOBABA, is a “revolutionary project in gaming and esports with great projection”.
Through this joint venture, the regulated crypto fund will have access to the entire community of one of the best teams in the world in terms of competition in mobile gaming, which opens up a wide range of possibilities for collaboration to develop both organizations through the opening of new business lines such as cross-marketing actions; educational programs on games, esports, blockchain and cryptocurrencies; or the creation of a venture capital zone for joint investment and operation in new token game projects.
For its part, the esports club, through the partnership with BELOBABA, receives in return a significant investment which will allow it to improve the different divisions of the club, its content creation and to invest in technology.
Team Queso not only provides content for entertainment, but also intends to provide additional value to its entire community and to this end will provide free training courses for all Team Queso investors, as well as training camps for everyone related to the gaming and esports sector. . Additionally, it will have a blockchain games research team that will promote the professionalization of these blockchain games as these are the games that content creators play on a daily basis.
About the Queso Team
Team Queso is a Spanish esports organization founded in February 2017 by YouTuber Álvaro “Alvaro845” González de Buitrago and Alicia “Alimorol” Morote Oliver. It features teams competing via mobile, PC, and console. The club was world champion of Clash Royale in 2020, as well as several times champion of Europe and South America in other titles such as Rocket League or PUBG Mobile. As part of its strategy to expand into new business areas, Team Queso acquired the esports news platform Appgrade and the studio Patographics, which is integrated into the audiovisual content department; in addition to the video game company Metaworld, from which Chili Cheese Games, a mobile and blockchain video game studio, originated.
BELOBABA is the first multi-strategy cryptocurrency hedge fund with a regulated security token. Approved by the Gibraltar Financial Services Commission, the KHAN token offers its holders rights to capital growth from multiple trading strategies on specialized exchanges and a transparent governance regime, which allows investment decisions to be made with the advice of a team of specialized and experienced advisers. which provide insights based on technical, fundamental, chain and sentiment analysis. BELOBABA also has a native utility token for its BBCN community, powered by the BELOBABA Academy training center and available through the BELOBABA Launchpad incubator.
Photo – https://mma.prnewswire.com/media/1852376/BELOBABA.jpg
View original content to download multimedia: https://www.prnewswire.com/news-releases/the-first-regulated-crypto-fund-belobaba-invests-1m-in-team-queso-301579762.html