The team environment is the top-level layer of your organization. Here you manage settings and users that apply to all your maps.
You can find team settings in Studio by opening your map overview and clicking Team at the top.
You can publish all your maps on a custom domain (for example maps.yourdomain.com). A domain is linked to your team, which means all maps in that team become available on your own domain.
Your Wolf Maps subscription is linked to your team. All maps you create in that team run under the same subscription.