The Chiliz Group has acquired a 51% controlling stake in OG Esports, appointing former co-founder and shareholder Xavier Oswald as CEO. OG founders Johan “n0tail” Sundstein and Sébastien “Ceb” Debs will lead a new project focused on strengthening the team’s competitive foundation.
Following the acquisition, Socios.com will serve as the exclusive wallet and engagement platform for $OG, positioning it as a flagship case for blockchain-based fan engagement.
“OG has always been about community and innovation, and since 2020 it has demonstrated that Fan Tokens can create genuine economic value and meaningful engagement,” said Alex Dreyfus, CEO and Founder of Chiliz, in a press release.
Through Chiliz’s wider network of more than 80 sports properties, OG is expected to pursue new markets and commercial opportunities while aiming for long-term sustainability. Further details of the acquisition will be announced in the coming weeks.
OG, founded in 2015, became the first team to win back-to-back The International Dota 2 titles and has since expanded into Counter-Strike, Honor of Kings and Mobile Legends: Bang Bang. Chiliz, which operates blockchain-based fan engagement platform Socios.com, has worked with OG since 2019 through the $OG Fan Token.
According to Oswald, the partnership will allow OG to “scale our teams, grow our global community, and unlock a new dimension of engagement through the $OG Fan Token.”
