Chiliz Acquires Majority Stake in OG Esports
- The Chiliz Group has acquired a controlling stake of 51% in OG Esports, a gaming organization founded by Dota 2 legends.
- OG Esports was the first esports team to launch a fan token on Chiliz’s Socios.com platform in 2020, recently surpassing a $100 million market cap.
- OG’s fan token price reached an all-time high of $24.78 last week, despite the team not competing in The International this year.
- Chiliz plans to enhance fan experiences with potential features like token-based governance and NFT ticketing for OG token holders.
- OG currently holds the highest market cap among fan tokens on Socios.com, surpassing those linked to major sports teams like FC Barcelona and Paris Saint-Germain F.C.
The acquisition of OG Esports by Chiliz aims to strengthen fan engagement through innovative Web3 projects and exclusive benefits for token holders, leveraging OG’s legacy and digitally native fanbase.
With its recent market cap achievement and strategic partnership with Chiliz, OG’s fan token exemplifies the evolving integration of esports with blockchain technology. (Source)
