Knights of Degen inks binding agreement to acquire blockchain fantasy sports provider

Knights of Degen, a sports gaming community in Web3, signed a binding agreement to acquire LeagueDAO, a blockchain fantasy sports provider.

Financial terms of the deal were not disclosed.

By way of the deal, LeagueDAO's apps and fantasy leagues will continue to operate without interruption. These include Mega League, Nomo League and Non Fungible Brackets.

"The Knights of Degen community and ecosystem offers exactly the right engine to pursue our passion for building on-chain fantasy sports products. We are so excited about this next chapter for LeagueDAO," said LeagueDAO Co-Founder Jake Craven.