Chiliz Group buys 51% stake in OG Esports

According to the official announcement, Chiliz Group has announced the acquisition of 51% of OG Esports, Xavier Oswald will serve as CEO, while OG founders Johan “n0tail” Sundstein and Sébastien “Ceb” Debs will be responsible for new strategic projects focusing on the integration of e-sports and Web3.

Established in 2015, OG Esports has achieved consecutive championships in “Dota 2” international tournaments and has now expanded into many game fields. Its $OG fan token has reached a market capitalization of $100 million, making it the first fan token in the esports field to break through this scale. Once the acquisition is complete, 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 the international market and establish a more stable business model. The two sides stated that the purpose of this cooperation is to promote the development of the fan economy and apply blockchain technology to the e-sports industry.