TechFlow, September 16 — According to an official announcement, Chiliz Group has acquired a 51% controlling stake in OG Esports. Xavier Oswald will take on the role of CEO, while OG founders Johan "n0tail" Sundstein and Sébastien "Ceb" Debs will lead new strategic initiatives focused on the convergence of esports and Web3.
Founded in 2015, OG Esports achieved back-to-back championships in international Dota 2 tournaments and has since expanded into multiple gaming titles. Its $OG fan token has reached a market capitalization of $100 million, becoming the first fan token in esports to surpass this milestone. Following the acquisition, Socios.com will serve as the exclusive platform for the $OG token, extending fan token utilities into areas such as ticketing, merchandise, and digital content.
Leveraging Chiliz Group's global partnership network, OG plans to expand into international markets and establish a more sustainable business model. Both parties stated that this collaboration aims to advance the fan economy by integrating blockchain technology into the esports industry.
