Esports organization OG is now under majority ownership by Chiliz following a recent acquisition deal.
OG Esports Partners with Chiliz Group to Elevate Fan Engagement and Expand Global Presence
In a significant move for the esports industry, OG Esports has entered into a partnership with the Chiliz Group, granting the latter a controlling 51% stake. This alliance marks a new chapter for OG Esports, with Xavier Oswald stepping in as the new CEO.
OG Esports, renowned for its legendary wins at The International in 2018 and 2019, is now set to expand its horizons. The organisation will be venturing into Counter-Strike, Honor of Kings, and Mobile Legends, in addition to its current Dota 2 team.
Alex Dreyfus, CEO and Founder of Chiliz, views this partnership as a showcase of the next evolution of Fan Tokens, referred to as Fan Tokens 2.0. He believes that the success of OG Esports demonstrates that Fan Tokens can create economic value and meaningful engagement.
Sébastien "Ceb" Debs, co-founder of OG Esports, expresses renewed competitive ambition. He aims to once again make OG a major force on the international stage and inspire a new generation of players and fans.
The partnership aims to scale OG's teams, grow its global community, and unlock new dimensions of fan engagement through the $OG Fan Token. The $OG Fan Token economy, valued at $100 million, will be integrated into various aspects of OG Esports, including tickets, merchandise, in-stadium rewards, digital content, and real-world revenue mechanisms such as buybacks.
Socios.com will now serve as the exclusive wallet for $OG Fan Tokens. This alliance will allow OG to stay true to its identity while continuing to grow.
Johan "n0tail" Sundstein, co-founder of OG Esports, states that the partnership with Chiliz aligns with OG's values of passion, transparency, and the power of communities. With the support of Chiliz, OG Esports now has the means to build an ambitious and sustainable project.
The deal links one of the world's most established Web3 sports brands with one of esports' most storied organisations. This partnership emphasises the central role of the fan economy in the gaming industry.
OG Esports was founded in 2015 by Johan "n0tail" Sundstein and Sébastien "Ceb" Debs. With the arrival of Xavier Oswald as CEO, the organisation is poised to embark on a new journey, driven by the passion of its fans and the potential of Fan Tokens.
