This isn't NetherRealms' first dip into the (Earth)realms of co-op in their games. Injustice 2 had "guilds" where up to 50 people could work towards daily/weekly objectives (such as participating in online matches against other players) so that everyone could benefit, as well as special Multiverse (their version of the "Kombat Towers") fights where players fought tough opponents individually and all contributing damage was combined. The "Team Raids" feel like a refinement of that idea where players are all fighting at the same time and it's not tied into a larger collective, but something you can pick up and play with anyone. You can check out the dev's description of this in the video below.

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