Chiliz Group acquires 51% equity in OG Esports

According to ChainCatcher, according to the official announcement, Chiliz Group has announced the acquisition of a 51% controlling stake in OG Esports, Xavier Oswald will serve as CEO position, while OG founders Johan “n0tail” Sundstein and Sébastien “Ceb” Debs will be responsible for the new strategic project, focusing on the integration of e-sports and Web3 fields. Founded in 2015, OG Esports achieved consecutive championships in Dota 2 international competitions and has now expanded to multiple gaming areas. Its $OG fan token market value has reached US$100 million, becoming the first fan token in the e-sports field to break through this scale. After the acquisition is completed, Socios.com will serve as the exclusive platform for $OG tokens, expanding fan token functionality to areas such as ticketing, peripherals and digital content. Through the Chiliz Group’s global partnership network, OG plans to expand international markets and establish a more stable business model. The two sides said that the cooperation is aimed at promoting the development of the fan economy and applying blockchain technology to the e-sports industry.