Chiliz Group acquisition of 51% stake in OG esports

According to Mars Finance news, the Chiliz group has announced the acquisition of 51% controlling stake in 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 esports and Web3. Established in 2015, OG Esports has achieved consecutive championships in the Dota 2 international tournaments and has now expanded into multiple gaming fields. Its $OG fan token market capitalization has reached 100 million USD, becoming the first fan token in the esports field to break this scale. After the acquisition, Socios.com will serve as the exclusive platform for the $OG token, expanding fan token functionality into areas such as ticketing, merchandise, and digital content. Through Chiliz group's global partnership network, OG plans to expand into international markets and establish a more stable business model. Both parties stated that this collaboration aims to promote the development of the fan economy and apply blockchain technology to the esports industry.